Guangxi Cocoon Silk: Bottom Solid &Nbsp; Raw Silk 093 Shrinkage Progressive

Since the start of Monday, cocoon silk contracts have been advancing slightly, and dry cocoon contracts follow the price of fresh cocoons. With the recent contract delivery day approaching, the contract in the end of May showed a cold talk on several consecutive trading days. The silk reeling company was in a state of apathy about the first batch of cocoon prices. In the early June, the dry cocoon contract was exactly the opposite. The transaction was relatively active. It was reasonable to accept the two or three batch of cocoon purchase price in Guangxi, and the supply of dry cocoon was still tight. The dry cocoon contract was followed by 061 days.

According to the China Cocoon silk trading network Yizhou cocoon news, the second batch of Cocoon acquisition in Yizhou has ended, and the third batch has also started to go public. From the purchase price, it still maintains the range of 28 yuan -30 yuan / kg, from the two batches of cocoon volume to the first batch of Ping Ping. The purchase price of the first cocoon in Yunnan is still 30 yuan. From the analysis of the current situation of cocoon listing in China, the supply of cocoons is not expected to be enlarged, and the tight supply situation has become a strong support for the price of fresh cocoons in the near future. Even though the price of cocoon guidance announced in some provinces is guided by the price rationality, the market acquisition has substantially increased the guidance price in short supply. When market participants tighten up the supply of spring cocoons, most of them turn their attention to the third batch of cocoons sold in the market. Many people believe that autumn cocoon is the period of supply and demand balance of cocoons. In view of the current market generally believe that the current demand for cocoons, basically supporting the disk market stability.

Dry cocoon 061 took yesterday's upward momentum, today rose 600 yuan, the transaction volume was half yesterday, the transaction 4 batches, the order quantity 28 batches, receives 77500 yuan; the medium-term contract 093 rises 400 yuan, the turnover 14 batches, the order quantity 84 batches, receives at 75900 yuan. The dry cocoon contract is weaker than yesterday's plate, 063 and 073 show a slight pullback today. Raw silk 093 continued to show shrinkage this week, the price remained 250 thousand on the concussion, today rose 200 yuan, clinched 44 batches, ordering quantity 584 batches, to close at 253400 yuan. Due to the continuous rise of upstream raw materials, silk reeling enterprises are under heavy pressure, and the prices of downstream products are rising and stagnant, which has been restricting the price of raw silk and forming the upside down of cocoon silk. From the current activity level and turnover volume of raw silk 093, traders showed a wait-and-see mentality, while more than 250 thousand of the medium and long term contracts gradually became traders' price psychological expectations. At present, cocoon silk contracts show the bottom of the market.

The two economic and strategic talks between China and the United States ended in Beijing yesterday. China and the United States have achieved 26 results and will recognize China's international economic status. The issue of RMB exchange rate, which is widely concerned by the whole society, has not been the focus of the Sino US talks. Many economists believe that the RMB exchange rate will remain stable under the influence of the European sovereign debt crisis. The recent domestic monetary tightening policy in recent years, recently, many large banks appear tight liquidity phenomenon, leading to a sharp rise in interbank repo rate, indicating that the lack of liquidity in the market, pressure on the financial market and cocoon silk enterprises face pressure.