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Guangxi Cocoon Silk Market Is Up To &Nbsp Because Of News, Contracts Closed At A High Level.

2010/8/21 14:47:00 38

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Today, cocoon silk in Guangxi market is estimated to be affected by the recent meetings and India news. Today, it continues to maintain the upper offensive. On the whole, although many cocoon silk contracts are temporarily lacking in concern today, the cocoon silk contracts that remain active are all traded at high prices. The dried cocoons are all over 85 thousand, and the raw silk is all over 310 thousand.

The main contract of dry cocoon recently increased by 093 yuan to 300 yuan, closing at 85300 yuan, 10 batches of pactions, 103 contracts rose 400 yuan, and 85200 yuan was awarded for 4 batches. The 11033 yuan in the main contract increased by 500 yuan, which was 500 yuan.

volume

Slightly reduced.

Today's raw silk contract is still rising. Yesterday's "amazing" raw silk 083 contract today bought 312000 yuan, no deal, 87 orders for raw silk, 8400 yuan for raw silk, 317900 yuan, 2.71% percent, 20 turnover, 113 113 yuan for medium term contract, 9100 yuan for 311500 yuan, or 311500%, raw silk far month main contract rose.

In terms of information, in India

Ministry of textiles

Under the request of the Ministry of finance, the central Taxation Bureau of the Ministry of Finance issued a new notice in August 10, 2010, allowing the national handloom loom development limited to exempt from customs duties the import of 2500 tons of raw silk 3A or above after obtaining the authorization from the Ministry of textiles.

Although the official purchase of duty-free raw silk, which was officially commissioned by the India government, began only in March of 2011, it has been held in India that the import price of raw silk in India will reach a record high price of 50 dollars per kilogram in January next year.

As the first largest market for China's Silkworm merchandise exports, the announcement of this new notice is bound to have a great guiding effect on the market trend of cocoon and silk in the second half of this year.

To see a set of Customs Statistics for reference: 1-6 months in 2010, China exported 3585 tons of silk goods to India, down 30.85% compared to the same period last year, the amount of $123 million, an increase of 6.6% over the same period last year.

India's silk exports account for 59.95% of the total export volume of India's silk products.

1. India in China

Silk type

The share of the export market has declined considerably. India is still the largest market of China's sericulture commodity exports, but the market share has dropped considerably. The proportion of exports and exports has decreased from 47.63% and 49.46% in the same period last year to 39.88% and 45.06% respectively.

2. silk exports were mainly filaments in India. Filaments accounted for the same period compared with the same period last year. The proportion of India's filament exports accounted for 92.5% of total silk exports, up 1.25 percentage points from the same period last year.

The main products were factory silk, double Palace silk, tussah silk, twisting silk and silk spun yarn. Except for the slight increase in export volume of tussah silk, the rest of the main commodities had a significant decline, of which the biggest drop in twisting was 53.42%.

(of which raw silk: the export volume is 1609 tons, accounting for 44..09% of India's silk export volume, the unit price is 34.25 US dollars / kg, the total amount is 55 million 120 thousand US dollars).