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In CCSE spot market, dried cocoon and raw silk prices dropped sharply, and then bounced on Thursday and Friday. Prices were down as a whole. Raw silk 3A priced about 278000 yuan at weekend after it had reached a month-low of 270000 yuan per ton. However, silk fabric price wasn’t largely affected by materials prices ups and downs. At the end of this week, there are more inquiries from silk weaving mills. The price slump in this month was said to reflect a decline in demand as well as the return to a reasonable level. The market seems to have sunk a support but it will be tested by time.

In CCSE electronic market, prices were mixed during this week, with a boost to the price coming at the end of the week. Key Sept. raw silk was down 3600 yuan to 241400 yuan per ton. Key Sept. dried cocoon was up during the week, advancing by 1100yuan to 75500 yuan per ton.