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The two weeks CCSE electronic prices swung up, then down. July Raw Silk settled previous low at 183000 yuanper ton. Sept. and March’08 Raw Silk closed 187500 yuan and 197500yuan per ton.

The market showed quiet. Prices remain weak with bearish sentiments in the short term on supply pressure amid steady demand from bulk consumers. Now the weak export data tests China’s policies.

Daily Chart for Sept. Raw Silk

Unit : 10000 yuan