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SunSirs:After the start of construction, the price of silk gradually rose and temporarily stable.
February 26 2020 14:02:06SunSirs(Molly)

According to SunSirs price monitoring, the domestic market for silk cocoon was temporarily stable on February 25. The average market price for dried cocoons was 119,500 yuan/ton, and the average market price for raw silk was 375,500 yuan/ton. At present, the price of dried cocoons in Jiaxing, Zhejiang Province is maintained at 113,000 yuan/ton, the price of raw silk is 370,000 to 380,000 yuan/ton, the price of dried 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 25, Indian cocoon silk market prices, hybrid cocoons 360-480 rupees/kg, dihua cocoons 700-950 rupees/kg, polycocoon 670-700 rupees/kg, dichemical silk 3060-3850 Rs/kg. (1 rupee = 0.0976 yuan)

Silkworm mulberry production in Laibin City, Guangxi is in an orderly and steady manner. In Xincheng County, the main sericulture county, most mulberry gardens have been pruned and fertilized before the winter solstice last year. At present, mulberry trees have grown to 30-40 cm in height. In Xiangzhou County, due to late cutting and low temperature, mulberry trees are growing slowly. At present, they are only 10-15 cm high. Under the current situation, most silkworm farmers do not begin production activities such as fertilizing mulberry or disinfecting silkworm houses until the end of February. It is understood that because fertilizers, pesticides and other agricultural resources were prepared years ago, the transportation and sales of silkworm seeds and young silkworms will also gradually advance with the resumption of production and production in various places, and will gradually return to normal.

From a nationwide perspective, cocoon and silk processing companies have resumed production and resumed production, and construction has gradually resumed. In terms of Hechi City, Guangxi, Guangxi Jialian Silk Co., Ltd., Guangxi Yizhou Hongji Cocoon Silk Co., Ltd., and Hechi Oriental Silk Road Silk Co., Ltd. Responsible companies and other companies have begun to resume production. Although the textile industry in various places has begun, small enterprises are slow to resume work, cash flows are tight, shortage of epidemic protective equipment, foreign workers return slowly, meanwhile, there are more logistics restrictions and large-scale sales have not yet started, so the overall demand is still weak.

SunSirs analysts believe that currently entering mid-to-February, the cocoon silk industry chain factories are actively returning to production, and the market is slowly entering the right track. I believe that with the continuous improvement of the demand side, the price of cocoon silk will also usher in a rebound.

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

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