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    Policies Boost Market Confidence, Cocoon Silk Price May Decrease In August

    2020/7/28 11:45:00 2

    Price Of Cocoon Silk

    According to the price monitoring of the business agency, the overall domestic cocoon and silk market showed a downward trend in July, and the price recovered slightly in the late ten days due to the impact of favorable policies. As of July 27, the average market price of raw silk was 270500 yuan / ton, down 7.20% from the beginning of the month. The average price of dried cocoon market was 90000 yuan / ton, down 5.26% from the beginning of the month. At present, the price of raw silk is 270000 yuan / ton in Jiaxing, and the price of raw silk is 270000 yuan / ton in Jiaxing.

    In July, the characteristics of textile off-season showed, and the spot price of cocoon and silk remained weak. On July 17, four departments including the Department of industry and information technology of Guangxi Zhuang Autonomous Region issued a notice on printing and distributing the financial subsidy work plan of Guangxi raw silk pledge guarantee loan. On the afternoon of the 21st, the Forum on promoting the financial subsidy work of Guangxi raw silk pledge guarantee loan was held in Nanning. All parties discussed the important links and implementation means of the financial subsidy scheme jointly issued by the four departments on the 17th. More details will be improved in the supplementary documents. With this boost, the downstream inquiry and transaction have increased, and some manufacturers negotiate more smoothly, and the positive intention to take goods is enhanced. However, the lack of terminal consumption power has become the biggest pressure on the price rise of cocoon silk. In the off-season of domestic sales and export sales, transactions are still weak, and the overall downturn of the industry has not changed, limiting the upward space.

    At the end of the month, the purchase of summer cocoons in various silkworm regions in Guangxi has been completed one after another, and most manufacturers have stopped their summer cocoon collection work. There are only a few cocoons in circulation in the market in Yizhou silkworm District, which will gradually enter the stage of summer cutting. The purchase price of a cocoon Station in Liucheng is 29-30 yuan / kg, which is about 55-60 yuan / kg. In Sichuan and Mianyang Youxian District, the purchase of fresh cocoons in summer is almost over. The average purchase price of fresh cocoons is about 33 yuan / kg. According to the quality, the highest price is about 36 yuan / kg, and the lowest price is about 28 yuan / kg. Yunnan Dayao fresh cocoon purchase is still in progress. The purchase price of a cocoon Station in Shiyang town is 36-37 yuan / kg, and the cocoon quality is good.

    From the perspective of the textile industry, it is understood that in June, the total retail sales of clothing, footwear, knitwear and textiles reached 105.9 billion yuan, a decrease of 0.1% compared with the same period last year. From January to June, the total retail sales of clothing, shoes, hats and knitwear were 512 billion yuan, with a decrease of 19.6% over the same period. In terms of export, driven by the significant increase in the export of related anti epidemic materials such as masks and protective clothing, China's textile and clothing exports achieved the first year-on-year positive growth in this year. According to China's customs data, from January to June 2020, China's textile and clothing cumulative export volume is 125.188 billion US dollars, a year-on-year increase of 3.16%, of which the cumulative export of textiles is 74.103.3 billion US dollars, with a year-on-year increase of 27.81%.

    Although the export of China's textile and mouth mask products continued to decline, the export confidence of China's textile and mouth mask products continued to decline. According to the customs data, from January to June 2020, China's accumulated clothing exports amounted to US $51.084 billion, a year-on-year decrease of 19.39%, still continuing the downward trend, accounting for 40.8% of the total textile and clothing exports in the same period.

    Business agency analysts believe that the current foreign trade is facing a significant increase in uncertainty and instability, the export market recovery is slow, there are variables, and the export side is still under pressure. With the weak domestic demand in the off-season. However, the introduction of Guangxi's financial subsidy program at the end of the month may effectively solve the financial difficulties of enterprises, bringing favorable support to the market and boosting market confidence. Therefore, it is expected that the price of cocoon and silk will continue to decline in August, but the decline will be narrowed.


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