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This week electronic prices still fluctuated within narrow changes with decreased trading volume. Active March Raw Silk touched highest 175800 yuan and closed 172800 yuan and closed 172100 yuan, down by 1500 yuan compared to last weekend. March Dried Cocoon touched highest 54800 yuan and lowest 53700 yuan and closed 54000 yuan, down by 300 yuan compared to last Friday.

Current export situation is more worrying. According to latest figures from customs, China’s export earnings of pure silk commodities in the first ten months of this year is 2.984 billion US dollars, down 3.76 percent compared to same period last year. China’s export earnings of pure silk commodities in October’07 is 354 million US dollars, down by 5.01 percent compared to same period last year and down by 16.95 percent compared to last month.

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