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The Prices on CCSE electronic market was almost unchanged this week. The last closing price for Aug. Raw Silk and Dried Cocoon is 191750 yuan and 58720yuan per ton respectively. Sept. Raw Silk opened at 191780 yuan and closed at 192680 yuan with decreased contract volume. March08 Raw Silk opened 193800 yuan and closed 195900 yuan with unchanged contract volume. Sept. Dried Cocoon opened 58380 yuan and closed 59580 yuan. March08 Dried Cocoon opened 63100 yuan and closed 63900 yuan with increased contract volume.

In the spot market, prices stayed stable. The stable behavior benefits the sericulture structural transformation fro the governmental view. The silk commodities seemed stagnate till now. The 1st China Silk Festival organized by China Silk Association was held at Jinyuan New Yanshan Mall, Beijing with Beijing Friendship Store as a site for main brands aiming at paving for another silk road and promote silk consumption.

Daily Chart for Raw Silk Spot Price Unit: 10000 yuan per ton