Weak End Consumer Price Of Cocoon Silk

According to the price monitoring of the business agency, the domestic cocoon and silk market has shown a slight decline trend in the past week. As of August 17, the average price of dried cocoon market was 88500 yuan / ton, down 2.21% compared with August 10. The average market price of raw silk was 280000 yuan / ton, down 1.23% from August 10. At present, the price of dried cocoon is 92000 yuan / ton in Jiaxing of Zhejiang Province, 280000 yuan / ton of raw silk, 85000 yuan / ton of dried cocoon and 280000 yuan / ton of raw silk in Guangxi.

In the middle of August, the first batch of three-year-old silkworms will be released in Hechi, Guangxi and Liucheng in the second half of this year. According to some small silkworm breeding households, the price of this batch of three-year-old silkworms is 240 yuan per piece, and the price of the last batch of three-year-old silkworms in the first half of the year is 240 yuan per piece, pushing forward, the price of three-year-old silkworms ranges from 280 yuan to 260 yuan, and then to 240 yuan. Due to the hot weather, mulberry leaves can not keep up with the growth, coupled with a certain wait-and-see mood on Cocoon prices in the second half of the year, the early summer cutting management of mulberry plantations is mainly extensive, and the breeding amount of the first batch of silkworm eggs is generally less.

From January to June, the national silk output was 24121 tons, a year-on-year decrease of 21.75%. Among them, the output of raw silk was 22491 tons, with a year-on-year decrease of 21.30%; the output of silk spinning was 1630 tons, with a year-on-year decrease of 27.53%. The output of silk and satin was 188.81 million meters, down 13.39% year on year. The output of silk quilt was 4.14 million, down 37.51% year on year.

Downstream domestic sales into the off-season, according to the news in Shengze area, recent fabric market transaction performance is stable, mostly in autumn and winter fabrics. At present, the inventory in this area is about 45 days, and the enthusiasm of manufacturers to start work is generally maintained at 60-70%. With the deepening of high temperature weather, the enthusiasm of workers in late production is not good, and some manufacturers may have holiday operation. In addition to the general trading atmosphere, the overall market is not optimistic. In addition, there has been no obvious improvement in the foreign market. According to the statistics of the Chinese customs, the total export volume of real silk goods in China from January to June was 585 million US dollars, a decrease of 34.6% year on year. From January to June, China's total imports of silk goods totaled 103.1 million US dollars, down 13.47% year-on-year.

From the perspective of industrial economic indicators, from January to June, the main business income of silk textile industry and finishing processing above designated scale in China reached 26.487 billion yuan, a year-on-year decrease of 16.69%; the total profit was 540 million yuan, a year-on-year decrease of 32.37%; the number of enterprises was 613, including 267 enterprises with loss, accounting for 43.56%; the total loss of enterprises was 513 million yuan, with a year-on-year increase of 28.4%. The main business cost was 23.998 billion yuan, with a year-on-year decrease of 17.15%; the management expense was 877 million yuan, with a year-on-year decrease of 13.31%; the financial expense was 405 million yuan, with a year-on-year increase of 3.30%. The total assets were 54.04 billion yuan, with a year-on-year increase of 4.87%. Among them, the total current assets was 30.64 billion yuan, with a year-on-year growth of 4.35%; the accounts receivable was 7.276 billion yuan, with a year-on-year growth of 9%; the finished product inventory was 12.196 billion yuan, with a year-on-year growth of 13.51%; the total liabilities was 30.852 billion yuan, with a year-on-year increase of 4.23%.

Business analysts believe that the current lack of terminal consumption power has become the biggest pressure on Cocoon and silk prices, and the off-season characteristics of cocoon and silk market in August are still more obvious. From the domestic market point of view, the gradual recovery of cocoon silk market has a certain degree of boost, but the phenomenon of industry overcapacity has become increasingly prominent, conventional products are still unsalable, whether weaving enterprises or traders, are still facing the situation of production and marketing difficulties, orders are not available. From the perspective of export market, it is returning to normal and export orders will gradually recover. However, the market is still worried about the extent to which orders can be restored, and consumption on textile and clothing is more cautious. In the off-season of domestic sales and export sales have not recovered, and the overall downturn of the industry has not changed. It is expected that the price of cocoon silk will still be weak in the short term.