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This week electronic prices hiked following the price rise of last week. Anticipated delivery volume of active months decreased sharply, which showed that sellers took the initiative to liquidate their contracts and pushed up prices. The price differences between front months and back months continued to reduce this week. It’s noteworthy that March Dried Cocoon stood over 70000 yuan and closed at 7140yuan on Friday.

In CCSE spot market, dried cocoon and silk filature prices continued to go firm. Also, there is a lot of anticipation there that the export market is going to be growing by the latter year. Weather still remains an important factor in the silk market.