Macro Positive Stimulation To Boost Cocoon Silk Market

According to the price monitoring of the business agency, the domestic cocoon and silk market has rebounded slightly in the past 10 days. As of November 24, the average price of dried cocoon market was 92000 yuan / ton, up 1.66% compared with November 14, down 28.68% year on year; the average price of raw silk market was 305500 yuan / ton, up 3.82% compared with November 14, and 22.24% lower than that on November 14. At present, the price of dried cocoon is 92000 yuan / ton and that of raw silk is 306000 yuan / ton in Guangxi.

This year, the silk reeling of fresh cocoons is coming to an end, and the domestic market procurement begins to increase. The wholesale markets of silkworm chrysalis in Jinan, Linyi and Zhucheng are back to business, with the increase in purchasing volume and price. The price of dry pupa and fresh pupa continued to rise. The loading price of fresh pupa in Guangxi factory was 13500-14000 yuan / ton, and the loading price of grade B was 12500-13500 yuan / ton, and that of grade C was 11500-12500 yuan / ton. The middle price of basic loading is 12500-13500 yuan / ton, 5000 yuan / ton for A-class dry and wet pupae, 4500 yuan / ton for Grade B, and 7200-7500 yuan / ton for dry silkworm pupae. The international market began to prepare goods on New Year's day. The purchase orders increased, and the price continued to rise. Thailand received the goods at US $2550 / T, Vietnam 20000 Dun / kg, and South Korea dried and wet pupae 1450 US dollars / ton.

Near the end of November, the domestic textile market continued to cool down, and the start-up rate of traditional low-season textile enterprises decreased. For example, the conventional products in Shengze area of Jiangsu Province continue to cool down, especially the slow delivery of goods in the market. Some manufacturers are uneven, and the inventory has slightly increased. However, most manufacturers still have orders in hand, so the inventory growth rate is slow. At present, the inventory in Shengze area is about 40-41 days, and the opening probability continues to maintain at a high level of 80-90%.

Business agency analysts believe that, in the near future, under the stimulation of multiple favorable macro aspects, domestic and foreign trade market confidence has slightly recovered. In addition, in the terminal consumer market, with the approaching of double 12, new year's day and Spring Festival, the winter products such as silk quilt will also usher in the sales peak season, boosting the cocoon and silk market. But on the whole, the spot transaction is still relatively cold, and there are not many substantive orders issued. Before the downstream consumption is not significantly improved, it is expected that the price trend of cocoon silk will not continue to rise.