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ReturnRome wasn't built in a day.( Jan.1-12,2007)
Author：
admin
PublishDate：
2007-01-12 17:02:00
Hit：
474
Prices couldn’t stand above support level and slumped to celebrate the new year sadly.
In CCSE electronic market, the last closing price for January Raw Silk is 207620 yuan per ton. Sept. Raw Silk dropped by 17400 yuan to reach at 193280 yuan per ton compared to last year-end.
The aim of Governmental reserve is to maintain the market stable. The reserve actions slowed the pace of price-slump in the last year-end. But everything is two-edged sword.
It still couldn’t solve the expanding stockpiles. And the market was short of imagination space for prices upward. Speculators grasped the points and pulled down prices.
Recently, CCSE spot market kept weak in general. Large stockpile fueled the price burden. Many silk enterprises were facing the problem of short-fund. the demand in low level was not big and there were not so many people to buy in large quantity.
