Cocoon Silk: Small Drop Continues To Increase Position

Yesterday (Wednesday) the disk fell slightly, cocoon silk. composite index B silk / dry cocoon: 140925 down 300 to 331 thousand and 800 / 200 200 101 thousand and 900, 150325 down 1500 to 339 thousand / down 300 300 109 thousand and 900, 150925 fall reported to be killed / flat reported. 71 hands were sold today.

1-7 months, China Real silk Merchandise exports totaled 1 billion 814 million US dollars, down 14.42% from the same period last year. Among them, silk exports amounted to 367 million US dollars, down 6.73% compared with the same period last year, and silk silk export was 535 million US dollars, down 3.38% compared with the same period last year. manufactured goods Exports of US $913 million, down 22.21% compared to the same period last year.

In a single month, in July, China's silk exports amounted to 300 million US dollars, down 10.72% from the same period last year, a decrease of five percentage points from the previous month.

Among them, the export of silk was 53 million 593 thousand US dollars, an increase of 1.94% compared with the same period last year. The export of silk and silk fabrics was 79 million 897 thousand and 300 US dollars, down 5.21% compared with the same period last year, and the export of silk products was US $165 million, down 16.43% compared to the same period last year. Judging from the decline in July, although the overall export is not good, exports have been on the rise and exports will rebound in the second half of the year.

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PTA futures diving on the 27 day afternoon, the main 1501 contract closed 6720 yuan / ton, down 72 yuan / ton. Crude oil support weakened, and PX was under pressure. PTA diving in the afternoon is expected to return to the disadvantage in the short term.

NYMEX crude oil futures crashed on Wednesday, due to weekly inventory reports that crude oil inventories fell more than expected, but Oklahoma's key oil storage stocks continued to rise for the fourth week. NYMEX crude oil futures contract rose $0.02 in October, at $93.88 a barrel.

Brent crude futures rose 0.22 dollars, or 0.2%, to $102.72 a barrel.

Data released by the EIA on Wednesday showed that crude oil inventories in the United States dropped by 2 million 70 thousand barrels to 360 million 475 thousand barrels as of August 23rd. U.S. gasoline inventories dropped 960 thousand barrels to 212 million 314 thousand barrels during the week.