Cocoon Silk Rose, The Fundamentals Continued To Slump.

On the 4 day, cocoon silk in Guangxi market closed up slightly, the turnover decreased, the fundamentals continued to slump, the market overall support was insufficient, and the rebound was lacking.

In the near future, irrespective of the volume of contracts, 15033 rose 200 yuan to close 106 thousand, raw silk had no quotations in the near future, no turnover was achieved, the main force rose slightly, 15033 rose 132 yuan, 323 thousand and 15093 increased, 10 yuan was 324 thousand and 200, dry cocoon total turnover was 4, and total order was 26.

The fundamentals of the downturn in the downstream consumer market still have no obvious improvement, lack of support, so that the bulls do not have any counterforce. The pressure on the early stage has not slowed down. It is expected that the vulnerable pattern of cocoon silk will not change in the short term.

The fifth batch of autumn cocoons of Yizhou in Guangxi is coming on the market gradually. This is also the last batch of cocoons this year.

It is understood that the quality of this batch of cocoons is inferior to that of the previous batch, and the yield is about 60. There are more macular spots. At present, the purchase price is up to 37 yuan per kilogram, which is the last batch of cocoons that are listed on the market this year.

The output will not be too high.

On the macro level, the Canton Fair has always been regarded as the vane of China's foreign trade. As the highlight of the three phase of the Canton Fair, the volume of textile and clothing basically reflects the export situation in the next six months.

From the general understanding of the situation, the problems such as the continued downturn in the international economic situation, the rising cost of production, the pessimistic mood of the export market of textile and clothing industry, and the popularity of the market in the aftermarket, are still slow in the Soviet Union and Europe, Europe and the United States.

At the same time, the Fed's exit policy is a serious drain on foreign capital, and the currency has depreciated sharply.

As the economy remains weak, China's textile and clothing exports have slowed down significantly.