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SunSirs: China's Cocoon Silk Prices Continued to Rise, with Dry Cocoon up 52.33% Year-on-Year and Raw Silk up 42.28% Year-on-Year
May 28 2021 09:20:11SunSirs(Linda)

Since May, the domestic cocoon silk market has maintained a volatile upward momentum. As of May 27, the dry cocoon market price was 139,000 yuan/ton, an increase of 9.02% from the beginning of the month and an increase of 52.33% year-on-year; the raw silk market was 419,000 yuan/ton, an increase from the beginning of the month 6.18%, an increase of 42.28% year-on-year.

At present, spring cocoons are being launched on a large scale nationwide. Yizhou and Huanjiang in Guangxi are in the third peak of spring cocoons, and the overall price is around 52-54 yuan per kilogram. The listing of Spring Cocoon in Dali Prefecture, Yunnan Province has basically ended, and the acquisition of Spring Cocoon in Heqing County has been completed. The average purchase price this spring is around 68 yuan per kilogram. Spring cocoons in Chun’an County, Zhejiang have been purchased on a full scale. Because the price is higher than in previous years, the local area has purchased more than 80% of silkworm farmers’spring cocoons. The average purchase price per kilogram of silkworm cocoons is 59 yuan/kg, with a maximum of 62 yuan/kg. The overall price of spring cocoons in Jiaxing City and Deqing County has dropped due to tail cocoons, most of which are around 2200-2300 yuan per catal (50 kg), and the better quality ones are around 2500 yuan per catal.

In terms of silk import and export, according to China Customs statistics, the import and export volume of silk goods in April was 130 million US dollars, a year-on-year increase of 55.87%. Among them, the export value was US$92,340,100, an increase of 15.01% month-on-month and a year-on-year increase of 28.52%; the import value was US$37.423 million, a month-on-month decrease of 9.27% ​​and a year-on-year increase of 228.22%. From January to April, the total import and export volume of real silk products was US$518 million, a year-on-year increase of 9.54%, accounting for 0.52% of China's total textile and apparel import and export. Among them, the export value was 382 million U.S. dollars, down 7.30% year-on-year, accounting for 0.42% of China's textile and apparel exports. Imports amounted to 136 million US dollars, a year-on-year increase of 124.53%, accounting for 1.47% of textile and apparel imports.

The price of cocoon silk continued to rise in the atmosphere of the national spring cocoon listing, and the market transaction price went up, but the downstream was struggling to follow the increase speed, and the sentiment was strong. Superimposed textile demand is gradually entering the off-season. It is expected that prices will continue to rise in the near future, but the increase is limited.

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