According to SunSirs price monitoring, the domestic cocoon silk market continued to decline in April. As of April 25, the average price of the dry cocoon market was 86,500 yuan / ton, down 10.69% from the beginning of the month. The average price of the raw silk market was 267,250 yuan / ton, compared with the beginning of the month, it fell 11.80%. At present, the price of dry cocoons in Jiaxing, Zhejiang is 85,000 yuan / ton, the price of raw silk is 260,000 - 280,000 yuan / ton, the price of dry cocoons in Guangxi is 83,000 yuan / ton, and the price of raw silk is 274,000 yuan / ton. The trading atmosphere in the spot market is still deserted, and it is still more difficult to sell raw silk and satin.
This week, Xincheng's first batch of spring cocoons basically came to an end. As the earliest listing area in Guangxi, Xincheng's batch of fresh cocoons had good overall quality, and the purchase price opened high and went lower, from 30 yuan / kg just listed to 22-26 yuan / kg. The purchase price of silkworm cocoons in Napo County is 20 yuan per 500 g for first-grade silkworm cocoons, 15 yuan per 500 g for second-grade silkworm cocoons, and 13 yuan per 500 g for third-grade silkworm cocoons. Due to the impact of public events, the purchase price of silkworm cocoons this year was lower than the same period last year. Yizhou District continued to go on the market in small batches with a purchase price of 22-26 yuan / kg.
The production and sales of downstream weaving enterprises are slightly sluggish, and the trading atmosphere is still not high. In addition to protective fabrics, other conventional fabrics are sold lightly in the market. The daily shipments of grey fabrics are scarce, mostly small orders of thousands of meters, and large orders have disappeared. Due to the sparse orders for grey fabrics, most companies only have orders for 10-15 days. The inventories of manufacturers with fewer orders continued to climb, and the industry inventories in Shengze area rose to about 43 days. Or it may reduce the start of construction. In the face of the upcoming May Day holiday, some companies have already begun to take vacations, and the current market has fallen to 60% to 70%. At the same time, foreign orders have been cancelled frequently, most companies have almost stopped trading, and the consumption situation and market confidence have plummeted.
In terms of imports and exports, from January to February, China's total imports and exports of real silk commodities amounted to US $ 255 million, down 24.18% year-on-year, accounting for 0.74% of China's total textile and apparel imports and exports. Exports amounted to US $ 225 million, a year-on-year decrease of 24.02%. Affected by public health incidents, China ’s exports of real silk commodities fell sharply in February, leading to a 10-30% year-on-year decline in the three categories of exports from January to February. The product dropped the most, reaching 30.26%. From January to February, the import value of real silk commodities was 29.513 million US dollars, a year-on-year decrease of 25.41%. In the textile industry, due to the large-scale cancellation or postponement of orders in Europe and the United States, in the first quarter of 2020, China's textile and apparel exports totaled 45.26 billion U.S. dollars, a decrease of 17.7% over the same period of the previous year. Among them, textile exports were 22.69 billion U.S. dollars, a year-on-year decrease of 14.6%; Clothing exports were US $ 22.57 billion, down 20.6% year-on-year.
SunSirs analysts believe that the traditional ‘gold March, silver April’ is difficult to see in the textile industry this year. For the textile and apparel export enterprises and suppliers, the current order reduction situation may continue. Domestic demand recovery is also relatively slow. Overall, the market is more pessimistic. It is expected that the market outlook will continue to be under pressure.
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