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CCSE electronic prices dropped a bit on lack of buying amid of liquidation pressure this week. March Raw Silk and Dried Cocoon closed 174900 yuan and 54600 yuan, down by 2400 yuan and 1400 yuan respectively.

Marketmen said the lack of favorable stimulation led to the fall in cocoon an silk prices.

Slackness in buying against relative ample stockpiles in silk weaving mills, largely brought down raw silk prices, they added.

The two silk fairs are projected to boost silk consumption at home and abroad in this Olympic year.

Daily Chart for March Raw Silk　　　Unit: 10000 yuan per ton