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ReturnPrice keeps stable (July1-7, 2006)
Author：
admin
PublishDate：
2006-07-07 17:07:00
Hit：
470
This week the electronic prices closed on Friday are of no big changes compared to those of last weekend. Prices were in a relatively balanced range, which showed the lack of direction. Contract number of active march’07 Dried Cocoon has exceeded 2000 hands to reach 2216 hands.
The following were the characteristics of business pattern this week：At first, the volatility this week was mild and prices went back and forth around sentiment points. Secondly, the pattern of back months was still behind current spot market sentiment. Thirdly, the trading activities indicated that participants were uncertain of the market. Fourthly, the trading volume in spot market was increasing.
It’s noteworthy that the market has become more rational responding to the sharp fluctuation early this year.
The following were the characteristics of business pattern this week：At first, the volatility this week was mild and prices went back and forth around sentiment points. Secondly, the pattern of back months was still behind current spot market sentiment. Thirdly, the trading activities indicated that participants were uncertain of the market. Fourthly, the trading volume in spot market was increasing.
It’s noteworthy that the market has become more rational responding to the sharp fluctuation early this year.
