Cocoon Silk Continues To Rise, Continue To Rebound, Continue To Shock Trend

On the 11 day, the cocoon silk in Guangxi market closed up slightly, continuing the rebound trend of the previous trading day. The rebound rate was still small, and the volume of turnover was small. The atmosphere in the industry market wait-and-see was still thick, the fundamentals were light, and the main force was stalemate. Dry cocoon near the far week contract no offer no deal, long-term lack of concern, the disk activity is not good, 15033 rose 200 yuan to close 105 thousand and 700; raw silk 15033 rose 1382 yuan to close 323 thousand. Deal The 104 batch, 15093 rose 292 yuan, reported 323 thousand and 500, and the number of raw silk holdings increased. There are 6 batches of dry cocoon, 26 batches of total orders, 172 batches of raw silk and 1192 orders. The spot market is relatively stable, and the price fluctuation is less than that. Generally speaking, the current price of Guangxi dry cocoon is about 98 thousand - 105 thousand. The raw silk of Guangxi, Sichuan and Jiangsu and Zhejiang provinces basically stays at 315 thousand - 338 thousand, and the manufacturers purchase on demand. Although the market rebounded slightly, but still lack the support of the fundamentals, the industry as a whole is still in the down channel, and the probability of maintaining cocoon silk prices at the later stage is large, and wait-and-see is the main factor.

According to the statistics released by the National Bureau of statistics, the total consumer price level (CPI) increased by 1.6% in October 2014, of which, food prices rose by 2.5%, non food prices rose by 1.2%, consumer goods prices rose 1.4%, and service prices rose by 2%. It is worth noting that this is the lowest point since February 2010. In October, CPI lingered in the last five years. There is a view that the CPI data confirm that China's domestic demand is weak and the risk of inflation deceleration is rising. It will reduce China's CPI forecast to 2.1% and 2.2% in the next two years. However, the moderate CPI data will bring more space to the central bank, but only poor growth data will trigger a large-scale monetary easing policy, which is expected to take place in the coming months.