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    The Cocoon Silk Trading Atmosphere Has Been Slightly Increased.

    2020/5/11 10:14:00 2

    Spring CocoonCocoon Silk

    According to the price monitoring of the business community, the domestic cocoon silk market rebounded slightly this week. As of May 8th, the average price of dry cocoon market was 83000 yuan / ton, the weekly ring ratio rose by 3.69%, the raw silk market price first rose and then fell, the average price was 265500 yuan / ton, and the weekly ring ratio rose 2.12%. Of which, the dry cocoon price of Jiaxing District in Zhejiang was 85000 yuan / ton, the raw silk price was 255000 yuan / ton, and Guangxi dry cocoon price. The price is 81000 yuan / ton, and the price of raw silk is 276000 yuan / ton. At present, with the continuous listing of the spring cocoons, the trading atmosphere in the spot market has been slightly warming, and the price of silk has also followed a slight increase. However, the cocoon silk market still lacks a large volume of transactions, and the power support for the sharp rise is still insufficient.

    This week, the first spring cocoon of Yizhou entered the end of the takeover, and the cocoon Station in some local villages and towns can still buy the first batch of spring cocoons in succession. The purchase price is about 34 yuan / kg, and cocoon is around 270 thousand, and the price is higher than the initial stage of the listing. However, the second batch of spring cocoons in Xincheng has been listed, and the purchase price has been maintained at around 30-31 yuan / kg. Overall, the purchase price of the first spring cocoons overall showed a trend of low opening and high walking. From the initial stage of the listing, the purchase price of 24 yuan / kg rose to about 34 yuan / kg at the end of the listing, and the second batch of spring cocoons will be listed next week.

    In May, crude oil jumped and polyester raw material prices increased. Downstream manufacturers received more goods, and gray fabrics were also more active. However, there is still no obvious signs of recovery in the terminal textile market. The inventory decline of textile enterprises is not obvious, and the continuous downturn of demand has become the biggest pressure on the price of cocoon silk. At the same time, foreign trade enterprises still face many difficulties, such as cancellation or extension of orders, difficulties in signing new orders, and poor logistics. In the 1-4 months of 2020, textile and apparel exports totaled 66 billion 620 million US dollars, down 10%, of which 37 billion 310 million US dollars in textile exports, an increase of 2.9%, and clothing exports 29 billion 310 million US dollars, down 22.3%. In April, the export of respirators and other anti epidemic products, China's textile exports 14 billion 620 million U.S. dollars, a significant increase of 51.06% over the same period last year, clothing exports 6 billion 740 million US dollars, down 27.7%.

    In short, the impact of public health events has been transmitted to sericulture industry. The Guangxi Zhuang Autonomous Region farmers began to unsubscribe small silkworms, and small silkworm farmers began to reduce the total number of silkworm eggs. Silkworm farms began to reduce silkworm production. Silkworm production in the first half of last year was reduced by 20%~30% compared with the same period last year, and silkworm rearing silkworm decreased by 20% over the same period last year. At the same time, downstream domestic silk enterprises are facing difficulties in production and operation, and gradually reduce or cancel orders. After March 20th, the silk sales of reeling enterprises basically stagnate. According to the monitoring data of Guangxi cocoon and silk industry association, the production volume and sales volume of factory silk in 2020 1~3 decreased by 28% and 33% respectively, and sales fell 31% year-on-year. The stock pressure of raw silk is large, and the average stock of raw silk is generally estimated to be two months or so. Comprehensive analysis, business analysts expect that the cocoon silk market will continue to bear pressure.


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