Cocoon And Silk Market Scene Resilience, Prices Continue To Run Strong

According to the price monitoring, the domestic cocoon and silk market continued to run steadily. As of March 24, the average price of dried cocoon market was 128000 yuan / ton, which was 13.78% higher than that at the beginning of the month and 22.55% higher than that at the beginning of the month; the average price of raw silk market was 390000 yuan / ton, which was 11.75% higher than that at the beginning of the month and 18.18% higher than that at the beginning of the month.

It is reported that sporadic cocoons have been listed in Huazhou and surrounding areas of Guangdong Province, which is basically the same as that of the same batch last year. It is expected that the batch listing will begin at the end of this month (around March 27). According to local industry insiders, the current purchase price of small batch cocoons is about 50 yuan / kg, and the reeling rate is estimated to be about 65% - 70%. At present, the listing volume is still small, which fails to reflect the difference between good quality and high price and low quality difference price.

In the downstream market, silk and cotton factories mainly complete orders this year, and the prices are relatively stable; due to the rise of raw material prices, this week, some manufacturers of real silk sets on beds began to increase the prices of downstream orders, taking four piece sets as an example, rising by about 100-200 yuan.

Analysts believe that with the hot market of green silk before and after the Spring Festival, the original low-cost stock on the market was snapped up in large quantities, and fabric merchants and traders also had sufficient raw silk on hand, so their interest in the green silk quoted at the current silk price has decreased. In addition, before the new cocoons were listed, the raw materials were relatively small, some silk mills held a wait-and-see attitude, and the spot goods were not prosperous. Foreign orders are still in a stalemate due to price reasons. On the whole, orders have been issued in due season, and the overall prosperity of the market has rebounded. However, the demand of the terminal market and the supply situation of the new cocoon season are not yet clear, it is expected that the price increase of cocoon silk will be narrowed.