SunSirs--China Commodity Data Group

Sign In

Join Now

Home > Commodity News > News Detail
Commodity News
SunSirs: Resumption of work and production has continued to increase, and the market for silk cocoons is expected to rebound
February 26 2020 08:58:58SunSirs(Molly)

According to SunSirs price monitoring, the domestic market for silk cocoons has shown a slight decline in the past week. As of February 24, the average price of dried cocoons was 119,500 yuan / ton, down 1.65% from the 17th. The average market price of raw silk was 375,500 yuan / ton. , Down 0.13% from the 17th. The current price of dried cocoons in Jiaxing, Zhejiang is 113,000 yuan / ton, the price of raw silk is 370,000 to 380,000 yuan / ton, the price of dry cocoon in Guangxi is about 126,000 yuan / ton, and the price of raw silk is about 381,000 yuan / ton.

International market, as of February 24, Indian cocoon silk market price, hybrid cocoon 400-495 rupees / kg, dihua cocoon 750-1100 rupees / kg, polycocoon 550-620 rupees / kg, dichemical silk 3050-3740 Rs / kg. (1 rupee = 0.098 yuan)

It is understood that there were 1,719 spring silkworm contract orders in 2020 in Tongzhou District, Nantong City, Jiangsu Province, a year-on-year decrease of 375, a decrease of 17.9%, and the rate of decrease accelerated year-on-year (a year-on-year decrease of 10.3%). The area of ​​mulberry gardens has decreased significantly, and silkworm farmers have gradually aged. Factors restrict the development of sericulture production. However, the number of spring silkworm contract subscriptions in Jiaxing Xiuzhou District in 2020 was 3079.45, a year-on-year decrease of 774.05, a decrease of 20.09%, and the decrease was significantly slower than the same period last year (a decrease of 33.5% in the same period last year), mainly due to the late autumn cocoon rising to 2300 per load Yuan, an increase of 491 yuan year-on-year, an increase of 27.14%. The increase in the price of autumn cocoons has played a decisive role.

Silkworm production is proceeding in an orderly manner everywhere. Under the guidance of the government and technicians, Guigang, Huanjiang, and other areas in Guangxi have carried out spring field management work such as pruning, cultivating, weeding, fertilizing, and insect control in spring mulberry fields. They also disinfected the silkworms in the silkworm house and helped them to grow silkworm in the future Preparation for production.

On the downstream side, the China Eastern Silk Market officially opened on February 21, and the commercial districts of the market were busy, recreating the busy scene of the past. From a nationwide perspective, enterprises in various places are gradually returning to work in an orderly manner. Hechi City, Guangxi, which occupies half of China's silkworm cocoons, has taken various measures to actively help enterprises to complete various work resumed. In particular, small businesses are slow to resume work, facing increased cash flow, shortages of epidemic protection supplies, insufficient staff availability, and huge labor costs, increasing business risks. At the same time, there are more logistics restrictions and large-scale sales have not yet started, so the demand for raw material procurement is cautious.

SunSirs analysts believe that, in light of the above, all links in the current cocoon silk industry chain are being prepared for resumption and production. It is expected that as the demand side continues to improve, the price of cocoon silk will also usher in an upward turning point.

If you have any questions, please feel free to contact SunSirs with marketing@sunsirs.com.

8 Industries
Energy
Chemical
Rubber & Plastics
Textile
Non-ferrous Metals
Steel
Building Materials
Agricultural & Sideline Products