Better downstream shopping atmosphere to boost Cocoon Silk Market

According to the price monitoring of the business agency, since the middle of December, the domestic cocoon and silk market has risen slightly. As of December 22, the average price of raw silk market was 315000 yuan / ton, which was 3.45% higher than that of December 15, and 15.27% lower than that of December 15; the average price of dried cocoon market was 94250 yuan / ton, 1.89% higher than that on December 15 and 23.99% lower than that on December 15. At present, the price of dried cocoon is 93500 yuan / ton in Guangxi, 320000 yuan / ton in raw silk, 95000 yuan / ton in Jiaxing, 310000 yuan / ton in Jiaxing;

 

Under the influence of the epidemic situation, domestic and international procurement slows down, domestic silkworm pupa inventory continues to increase, some wholesalers with large inventory are selling inventory at a loss, and the price of pupa will continue to fall. The loading price of fresh pupae in Guangxi factory is generally 10500-11500 yuan / ton for Grade A, 9500-10500 yuan / ton for Grade B, and 8500-9500 yuan / ton for grade C. The middle price of basic loading is 9000-10000 yuan / ton. Dry and wet pupae a 4600 yuan / ton, B class 4200 yuan / ton. Feed dried silkworm pupa 7200-7500 yuan / ton.

 

In terms of silk wool, the price of cocoon lining cotton is about 270000 per ton, and that of upper cocoon cotton is about 320000 per ton. Under the influence of the number of reeling factories in Guangxi and online sales, the price difference between Cocoon lining cotton and cocoon cotton has continued to narrow.

 

Recently, due to the good atmosphere of downstream market, the inventory pressure has been reduced. At the same time, the Spring Festival orders are prepared in advance, and some textile enterprises just need to replenish the warehouse, which has played a certain role in boosting the silk price. However, in general, the textile market returned to light in December. After the order tide of double 11, double 12 and Christmas season, the follow-up orders were insufficient. Textile factory procurement or with the use of buy, the traditional off-season textile enterprise start-up rate has declined. At the same time, overseas outbreaks have repeatedly made it difficult to boost demand, and India, Europe and the United States and other countries have insufficient export demand.

PVA

 

Business agency analysts believe that in late December, the textile industry demand characteristics of the off-season will continue to highlight, enterprises are still faced with flat production and sales, reduced profits, financial constraints and other conditions. With a strong wait-and-see attitude, rigid demand procurement has limited support for cocoon and silk prices, and the industry’s off-season impact on the future cocoon and silk prices may weaken in a narrow range.