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SunSirs: Autumn Cocoons are Fully Listed in Guangxi China, Cocoon Silk Prices Remain Fluctuating

September 09 2020 08:09:35     SunSirs (Linda)

According to SunSirs price monitoring, the domestic cocoon silk market has continued to fluctuate and rise since September. As of September 8, the average price of raw silk in the market was 291,000 yuan/ton, an increase of 2.28% from the beginning of the month. The average market price of dry cocoons was RMB 92,250/ton, up 2.50% from the beginning of the month. The current price of dry cocoon in Guangxi is RMB 89,500/ton, and the price of raw silk is RMB 295,000/ton.

In September, autumn cocoons in Guangxi were fully listed, and Baise, Pingguo, Xincheng, and Liucheng autumn cocoons began to be listed in batches. Thanks to the recent sunny weather, the overall quality of the listed fresh cocoons was relatively good, and the purchase price remained at 35- About 36 yuan/kg; the purchase price in Yizhou dropped from 38-39 yuan/kg at the beginning to about 35-37 yuan/kg. According to some local cocoon stations, the quality of this batch of silkworm cocoons was average, and the unwinding rate remained at About 58%-60%, purchasers mostly purchase silkworm cocoons according to their quality, with varying prices, and the number of silkworm cocoons on the market is gradually decreasing. According to the local cocoon quality, the current average purchase price is 36.8 yuan/kg. Most purchasers purchase silkworm cocoons according to their quality. The prices vary. The price of good quality can reach about 38 yuan/kg.

The first batch of autumn cocoons in Heqing, Yunnan began to go on the market in the second half of the year. According to some local cocoon stations, the quality of the listed silkworm cocoons is good, the unwinding rate is about 70%, the cocoons are white, the cocoon layer is dry and thick, and because businessmen from Yunnan and Guangxi arrive Local purchase of fresh cocoons, the phenomenon of cocoon grabbing has raised the price to a certain extent, so the purchase price of this batch of autumn cocoons is relatively high, around 40-42 yuan/kg. In addition, Qiu Cocoon in Youxian District of Mianyang is listed, the purchase price is about 32-36 yuan/kg, and the price is based on quality, which is about 70% relieved. The first batch of autumn cocoons in Yunnan Shiyang has also begun to go on the market. It is understood that due to more rain during the production of silkworm cocoons, the cocoons of this batch of silkworm cocoons are relatively humid, and there are cases of purulent silkworms and rigid silkworms. However, Yunnan and Guangxi merchants went to the local to purchase fresh cocoons. The emergence of cocoon grabbing has raised prices to a certain extent. The current purchase price of Shiyang is around 41 yuan/kg. It is still in the early stage of listing, and it is expected to start mass listing on September 10.

The autumn cocoon in Youxian District, Mianyang, Sichuan has entered the peak of listing. According to some local cocoon stations, the current purchase price is about 32-36 yuan/kg. The price is based on quality.

The current order situation from the downstream trade, weaving, printing and dyeing of the textile market reflects the signs of recovery in the market. Terminal weaving enterprises' orders are maintained until the end of September. Judging from the current order situation, the demand for "Golden September" may not meet expectations. The prospect of “Silver October” is uncertain. The current domestic weaving companies’ inventory of finished products and raw materials is also high, their purchasing capacity is limited, and consumption in the international market is still slightly slower. It is still very sluggish, and the resistance to exports is still high, so there is no full confidence in this year's traditional peak season.

SunSirs analysts believe that with the launch of autumn cocoon recently, the market has received support from Cocoon. Although terminal demand has loosened, it is still weak. The industry has not changed in the cold, the export orders are seriously insufficient, and the consumption volume has fallen. Lacking substantial support from the consumer market, follow-up will focus on the recovery of orders on Double Eleven, Christmas Day and New Year's Day. It is expected that the cost will continue to form support in the near future, and the price of cocoon silk may still rise in the short term.

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