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CCSE electronic prices swung higher but then dropped by a heavy sell-off which was partly triggered by sellers actions, and a cross star with a long upper shadow created on weekly charts. Sept. Raw Silk opened 195380 yuan , touched highest 1969880 yuan and closed 195080yuan, with anticipated delivery volume decreasing by 28 hands . March’08 Raw Silk opened 203400 yuan, touched highest 208800 yuan and closed 203400 yuan, with anticipated delivery volume increasing by 190 hands. Sept. Dried Cocoon dropped by 900 yuan per ton to close 62580 yuan with anticipated delivery volume decreasing by 28 hands. March’ 08 Dried Cocoon 65900 yuan and closed 66000 yuan with anticipated delivery volume increased by 4 hands.

Silk commodity marketing situation this week stayed largely unchanged from the last week.

According to China customs statistics, pure silk commodity export in the first five months of this year valued at 1.355 billion US dollars, down by 6.25 percent from same period last year.

Sept. Raw Silk Daily Chart Unit: 10000 yuan per ton