According to SunSirs price monitoring, the domestic cocoon silk market showed an overall downward trend in July, and the price rebounded slightly in the second half of the month due to favorable policies. As of July 27, the average market price of raw silk was 270,500 yuan/ton, down 7.20% from the beginning of the month. The average market price of dry cocoons was 90,000 yuan/ton, down 5.26% from the beginning of the month. At present, the price of dry cocoon in Jiaxing, Zhejiang is 91,000 yuan/ton, the price of raw silk is 270,000 yuan/ton, the price of dry cocoons in Guangxi is 89,000 yuan/ton, and the price of raw silk is 271,000 yuan/ton.

In July, the off-season of textiles appeared, and the spot price of cocoon silk remained weak. On July 17, the Guangxi Zhuang Autonomous Region's Department of Industry and Information Technology and other four departments issued a notice on the work plan for financial subsidies for Guangxi raw silk pledge secured loans. On the afternoon of the 21st, the Guangxi Raw Silk Pledged Guaranteed Loan Financial Subsidy Work Promotion Symposium was held in Nanning. All parties discussed the important links and implementation methods of the financial subsidy plan jointly issued by the four departments on the 17th. More details will be in the supplementary document. Continuously improve. With this boost, downstream inquiries and transactions have risen, some manufacturers have smoother price negotiations, and their active intention to obtain goods has increased. However, the lack of terminal consumption power has become the biggest pressure on the price of cocoon silk. Domestic sales have not resumed in the off-season and export sales have not yet resumed. The transaction is still sluggish.

Near the end of the month, the purchase of summer cocoons in various silkworm districts in Guangxi has been completed one after another, and most manufacturers have stopped collecting summer cocoons. In the silkworm area of ​​Yizhou, only a small amount of tail cocoons are circulating on the market, and it will gradually enter the summer cutting stage. The purchase price of a cocoon station in Liucheng is 29-30 yuan/kg, and the relief is about 55-60. In Sichuan, the purchase of summer fresh cocoons in Youxian District, Mianyang, is also nearing completion. The average purchase price of fresh cocoons is maintained at about 33 yuan/kg. The highest purchase price is about 36 yuan/kg and the lowest purchase price is 28 yuan/kg. Around RMB/kg. The purchase of fresh cocoons in Dayao, Yunnan is still in progress. The purchase price of a cocoon station in Shiyang Town is 36-37 yuan/kg, and the quality of the cocoons is good.

From the perspective of the textile industry, it is understood that the total retail sales of clothing, shoes, hats and knitting textiles nationwide in June was 105.9 billion yuan, a decrease of 0.1% compared with the same period last year. Yuan, a decrease of 19.6% compared to the same period. In terms of exports, driven by the sharp increase in the export of related anti-epidemic materials such as masks and protective clothing, my country's textile and clothing exports achieved positive year-on-year growth for the first time in the year. According to my country’s customs data, from January to June 2020, my country’s cumulative export of textiles and apparel was US$125.188 billion, a year-on-year increase of 3.16%, of which the cumulative export of textiles was US$74.103 billion, a year-on-year increase of 27.81%.

Despite the rapid increase in exports of textiles, driven by the sharp increase in the export of anti-epidemic materials such as masks, the overall consumer confidence in the international market has continued to decline and the consumption capacity has declined significantly. The export situation in the terminal sector is still not optimistic. Among them, the export of my country's clothing products continues to decline. According to customs data, from January to June 2020, the cumulative export value of my country's clothing was US$51.084 billion, a year-on-year decrease of 19.39%. The decline continued, and the proportion of total textile and clothing exports in the same period fell rapidly to 40.8%.

SunSIRS analysts believe that the current uncertainties and unstable factors facing foreign trade have obviously increased, the export market has recovered slowly and there are variables, and exports are still under pressure. With the deepening of the off-season atmosphere in China, terminal demand is weak with insufficient power. However, the introduction of Guangxi's financial subsidy program at the end of the month may effectively solve the financial difficulties of enterprises, bring favorable support to the market and boost market confidence. Therefore, it is expected that the price of cocoon silk will continue to decline in August, but the decline will be narrowed.

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