Prices bottomed out, opinions differed greatly (Jan.27-Feb. 9,2007)
CCSE electronic prices rebounded with increasing anticipated delivery volume due to policy measures and technical requires. March Raw Silk closed 211370 yuan per ton from lowest 194570 yuan. Sept. Raw Silk closed at 200780 yuan from lowest 183600 yuan. March Dried Cocoon rose from lowest 61900 yuan to close at 64700 yuan. Sept. Dried Cocoon rose from 57080 yuan to close 60780 yuan.
But given so many unclear factors regarding the market situation this year, divergence between traders widen further around the spring festival. Industry insiders long for a stable market to come after a long holiday.