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ReturnMarket needs stabilization (April 29- May 26,2006)
Author：
admin
PublishDate：
2006-05-26 17:20:00
Hit：
479
In CCSE spot market, reeled filature price didn’t drop sharply, but consolidated between 205,000-210,000 yuan per ton for ordinary quality and around 215,000 per ton for Zhejiang CIQ. The market sees some stabilization.
In CCSE electronic market, Dried Cocoon and Raw Silk for June’06 closed at 68300 yuan and 203600 respectively. Avtive Dried Cocoon and Raw Silk for Sept.’ 06 closed at 66200 yuan and 203300 yuan with enlarged positions. Currently, up-limit a day and down-limit another day shows the capital without direction and the unstable market sentiment before new cocoon crop.
