SunSirs--China Commodity Data Group

Sign In

Join Now

Contact Us

Home > Raw silk News > News Detail
Raw silk News
SunSirs: Textile Raw Materials are Rising, Price of Chinese Raw Silk has Increased by more than 10,000 yuan in the Past 10 Days
March 01 2021 16:07:49SunSirs(Linda)

After the Spring Festival, China's textile raw material market adjusted prices significantly. Spot prices of cotton, cotton yarn, chemical fiber, etc. rose all the way, and the quotations of cocoon silk varieties also increased significantly. Raw silk quotations generally increased by more than 10,000 yuan per ton. According to SunSirs price monitoring, as of February The average market price of dry cocoons on the 28th was 112,500 yuan/ton, an increase of 4.17% from February 18 (the seventh day of the first month). The average price of raw silk in the market was 349,000 yuan/ton, an increase of 3.71% yuan/ton.

The year after the year will usher in the raw material procurement season for all links. In response to the sharp increase in raw materials, silk companies need to accelerate the pressure of cost growth to downstream terminals. At present, the difficulty of transactions has increased significantly. As usual, downstream weaving companies are earlier than silk reeling companies and generally start large-scale operations. However, most silk factories will start after the fifteenth of the first lunar month, and Guangxi Cocoon Silk Logistics will start work ahead of schedule, but shipments are low. There are different levels of delivery, and the focus is still on caution. On the one hand, most of the printing and dyeing factories have not yet entered the production state, and the amount of dyeing factories that can reflect the market situation is not clear; on the other hand, even if there are current orders, it is very It may be a backlog of orders a year ago, and the market for orders after the year is still unclear.

The international market is different from the situation where raw silk exports to the Indian market showed a small peak after the Spring Festival in previous years. This year, the Spring Festival is relatively late. Since the Spring Festival, there have been fewer inquiries from India. In addition, affected by the epidemic, India announced on February 1 that to encourage its cocoon and silk industry to import Chinese silk products, the tariff will be increased from 10% to 15%, and the tariff on silk and satin will be increased from 15% to 20%. Implement. The cost of Indian importers has increased significantly, and the prices of related commodities in the Indian domestic market have also increased significantly. Related prices such as raw silk and silk are generally higher than the price adjustment in January by 5-10%, some are higher, and terminal acceptance is more difficult.

SunSirs analysts believe that the current high price of cocoon silk needs to pay attention to whether it has a greater impact on the profits of downstream companies, whether the price/cost will be smoothly transmitted downstream, affecting the order quantity of silk fabrics and clothing and whether the demand side is Form suppression. At the same time, we need to pay attention to the export aspect. With India's tariff adjustment, it is expected to affect India's enthusiasm for my country's import of raw silk to a certain extent.

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

Exchange Rate:

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