SunSirs: Textile Enterprises Will Have a Vocation, Cocoon and Silk Prices Weaken Slightly

According to the monitoring of the price of SunSirs, the domestic market for silk and cocoon has fallen slightly. As of January 20, the average price of the dried cocoon market was 125,000RMB/ton, down 0.32% from the previous trading day. Compared with the previous trading day, it is down by 0.11%. The current price of dried cocoons in Jiaxing, Zhejiang is 121,000RMB/ton, the price of raw silk is 375,000-385,000 RMB/ton, the price of dried cocoon in Guangxi is 129,000RMB/ton, and the price of raw silk is 381,300RMB/ton.

India cocoon silk market price (January. 10-17) Unit: rupees/kg

In the international market, as of January 17, the price of cocoon and silk market in India is 302-491 rupees/ kg for hybrid cocoon, 500-950 rupees/kg for bivoltine cocoon, 580-600 rupees/kg for polyvoltine cocoon and 3,200-3,780 rupees/kg for bivoltine silk. The price of hybrid cocoon has increased; the price of bivoltine cocoon and polyvoltine cocoon has not fluctuated temporarily; the price of bivoltine silk has risen. (1 rupee = RMB 0.0972)

Recently, domestic cocoon silk prices have shown a trend of narrow fluctuations. With the arrival of the Spring Festival holiday, logistics has now basically ceased operation, and the market trading atmosphere is deserted. Textile companies continue to carry out the closing work, the stocking has dropped significantly, the demand follow-up is still cautious, and the overall order follow-up situation is relatively limited. The market trading sentiment weakened, and the spot transactions of winter fabrics fell month-on-month, and the delivery of spring fabric orders was partially limited. Manufacturers mostly carry out finishing work, most manufacturers stop shipping, and migrant workers have already returned home.

Business analyst believes that at present most textile companies in the market have been on holiday. Manufacturers have basically stopped shipping. The market transaction has come to an end. Traders are also preparing for the holiday. A small number of factories are still in a hurry. It is expected that the Spring Festival The market price of precocoon silk will remain stable.

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