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Price declined slightly in CCSE.

Aug. 2005 Raw Silk 3A finished down two ticks at 217700Yuan per ton.

March 2006 Dried Cocoon finished down six ticks at 66400Yuan per ton.

The overbought condition and lack of new fund buying kept the market down for much of the session Thursday. The market pulls back into yesterday’s range experiencing a correction from the surge higher yesterday when funds were aggressive buyers. The cocoon and silk market were seeing pressure from fears of adjusting policy measures of State Coordination Office of Cocoon and Silk.