Dry Cocoon Rose Moderately By &Nbsp; Raw Silk Was Far Back In The Main Pullback.

After several consecutive days of rapid rise, the cocoon silk in Guangxi market has been slightly tired. The cocoon has been pulled up slightly, and the momentum is still strong. The contract price in the near mid term has exceeded 100 thousand, and continues to advance steadily. The cocoon contract in the near future has risen by 700 yuan to 10123 yuan, and the main 11033 in the far month has risen 1700 yuan to receive 109600 yuan, with a turnover of 14 batches.

On the technical side, 11033 high and low today, after the opening of the morning of 396800 yuan new historical high price, there has been a lack of support, and then gradually returned to decline, running around the 385 thousand price level sideways, until the end of the closing price at 38.31, the K-line showed the light line with short head and shadow line. Today, although there is a slide, the trend of the daily average line is still obvious, the 5 day average line is firmly supported, 11033 is still very stable at the price of more than 382 thousand, and the multi market is still the main force. Meanwhile, the tender work of 100 tons of factory silk in India will soon increase the market's long atmosphere.

On the other hand, in the process of continuous rising of cocoon yarn, it should be said that most of the factors that have been cost driven and tight supply have been digested and reflected in the early stage, and many bad factors have been paid attention to when the profit is exhausted. As the price of cocoon silk goes up rapidly, the textile enterprises' ability to bear the Kose price is limited. By the end of the year, production and production will be cut down.