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ReturnPrices dropped, weak market continued(April 15-28,2006)
Author：
admin
PublishDate：
2006-04-29 08:30:00
Hit：
497
In CCSE spot market, silk filature price continued to drop. At weekend raw silk 3A from Sichuan quoted at about 240,000 yuan per ton, and the real trading price is about 237,000 yuan per ton. Stockpiles were weak, and demand were also weak. Such situation was attributed to the needs of market itself. Most readers were waiting for the clear situation of spring cocoon crop.
The drop of CCSE electronic market had close link to the weakness of spot market. Key September raw silk closed at 212300 yuan and September dried cocoon closed at 68900 yuan respectively with the decreasing anticipated delivery volume. The action of the market indicated the market’s reflection to the upcoming harvest.
The drop of CCSE electronic market had close link to the weakness of spot market. Key September raw silk closed at 212300 yuan and September dried cocoon closed at 68900 yuan respectively with the decreasing anticipated delivery volume. The action of the market indicated the market’s reflection to the upcoming harvest.
