The Stock pressure increased and the Chemical Fiber Index Begin to Drop (China)

—Comments on Commerce Department, China-Shengze Silk Chemical Fiber Index in June 25th, 2012

According to the monitor of Chinese Department of Commerce-Shengze Silk Chemical Fiber Index, the indexes of chemical fiber begin to drop. The total chemical fiber index closed at 96.57 points, which dropped 0.03 points compared with the index in the end of last week. Hereinto, the price index of chemical fabrics closed at 96.75 points, which dropped 0.04 points compared with the index in the end of last week. In addition, the chemical fiber index closed at 95.94 points, which increased 0.08 points compared with the index in the end of last week. The price index of cocoon and silk dropped slightly and closed at 101.17 points, which dropped 0.09 points compared with the index in the end of last week.