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SunSirs: Spring Cocoon Silk Price Has Increased by More than 10% in the Past 20 Days

May 22 2020 08:40:53     SunSirs (Linda)

According to SunSirs price monitoring, the domestic cocoon silk market has continued to rebound since May. As of May 21, the average price of the dry cocoon market was 89,500 yuan / ton, up 11.81% from the beginning of the month; the average price of the raw silk market was 288,500 yuan / ton, compared with the beginning of the month, it rose 10.96%. Among them, the current price of dry cocoons in Jiaxing, Zhejiang is 90,000 yuan / ton, the price of raw silk is 280,000 yuan / ton, the price of dry cocoons in Guangxi is 90,000 yuan / ton, and the price of raw silk is 300,000 yuan / ton. The entire cocoon and silk industry is supported by the increase in the cost of front-end raw materials. The continuous rise is the main theme, and the overall recovery is obvious.

At present, the national spring cocoons are about to be fully listed. The fourth batch of spring cocoons in Xincheng, Guangxi has entered the peak of listing. The average price is around 31 yuan / kg; the second batch of spring cocoons in Yizhou District of Hechi has basically been listed, and the third batch is expected to be launched in batches on May 28. At the same time, Sichuan Province has entered a critical period of spring silkworm production. Among them, Yanbian County and other Panxi areas have entered the silkworm cocoon acquisition period. From the preliminary grasp, the quality of silkworm cocoons is better, with an average price of 31-32 yuan / kg; The acquisition of silkworm cocoons in Liangshan, Yibin , Nanchong, Mianyang and other places will be carried out one after another at the end of this month and the beginning of next month; In Guangyuan and Bazhong, silkworm species are being released, accelerating and co-cultivating.

After the May holiday, the domestic and foreign trade markets have recovered to a certain extent. Orders in the weaving market have improved slightly compared with the previous period. Goods are better than the previous period. Manufacturers' enthusiasm has increased. However, the recovery of foreign trade demand is relatively slow, and market confidence continues to be under pressure. From January to March, China's total imports and exports of real silk commodities was US $ 390 million, down 18.45% year-on-year, of which exports of real silk commodities were US $ 341 million, down 18.4% year-on-year, and imports were US $ 48.927 million, down 18.81% year-on-year.

SunSirs analysts believe that with the gradual listing of spring cocoon, although the trading atmosphere in the spot market has recovered, the market is spontaneously repairing. However, there is still a lack of cooperation in the volume of transactions, the downstream consumer market has not significantly improved, and insufficient demand is still the main contradiction. The market lacks favorable factors to stimulate, and the trend of cocoon silk is not clear, so the overall price of cocoon silk may fall.

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

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