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This week the electronic market sought lower support and then rallied. Jan. Raw Silk closed at 221720 yuan. Active Sept. Raw Silk touched lowest 203180 yuan and closed 207380 yuan. The key buying side was trying to make the electronic market stable to fuel the spot market, however, still a rough way hoped for by some traders.

Fundamentally, the market is faced with ample supplies for the near term and larger mulberry planting and silkworm rearing condition expectations, however, policy and export will be the market makers, if there are any, over the next few weeks.

Daily Chart for Sept. Raw Silk