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In CCSE electronic market, this week cocoon and silk prices closed higher. July Dried Cocoon closed up 3300 yuan to 74100 yuan. July Raw Silk closed up 12000 yuan to 228200 yuan. Sept. Dried Cocoon closed up 5200 yuan to 73900 yuan. Sept. Raw Silk Closed up 14100 yuan to 224300 yuan. March’06 Dried Cocoon closed up 3400 yuan to 68300 yuan. March’ 06 Raw Silk closed up 14100 yuan to 224300 yuan. The mood in the electronic market has seesawed in the previous weeks, as traders tried to gauge from fund intention and fundamental analysis, market source said.

Till now, the spring silkworm cocoon purchase work has been finished in the countrywide. The spot market maintained a steady and firm trend and witnessed more active buying than last week. The positive shift in demand results in a new supply-demand equilibrium point