This week, the domestic cocoon silk market prices slightly rebounded (10.28-11.3)

According to the Commodity Market Analysis System of the Business Society, the domestic cocoon silk market prices have slightly rebounded this week (10.28-11.3), maintaining a high range consolidation trend. As of November 3rd, the average spot market price of raw silk in China was 500000 yuan/ton, an increase of 0.59% compared to last week; The average market price of dried cocoons is 163000 yuan/ton, which is the same as last week.

 

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This week, after experiencing a downward adjustment last week, the overall market price of raw silk has slightly rebounded this week. There were mutual ups and downs during the week, but the amplitude was mostly small, continuing to maintain a consolidation trend in the high range of 500000 yuan. The inquiry atmosphere for raw silk in the later part of this week was better than last week, which also led to a demand for goods according to one’s own pace. The transaction price was better than last week, and the overall transaction was average, with some reluctant to sell. On high-quality raw silk, some enterprises continue to sell at a favorable price, while some enterprises are still in a price adjustment with downstream enterprises. The market for silk wool raw materials continues to remain calm.

 

Autumn cocoons are on the market, entering November, and the national autumn cocoon market volume continues to decline, entering the later stage of phased listing. The fifth batch of autumn cocoons in the main production area of Yizhou, Guangxi and other places is in its final stages, with prices mostly unchanged from the previous days. At the same time, the purchasing unit has also strengthened cocoon quality control in the later stage of the cocoon listing. The prices in other parts of Guangxi are also basically the same as last week.

 

Compared to the previous hot trend, the weaving process appears relatively deserted. The domestic and foreign sales orders are limited, especially the overall number of distinctive export orders is not many. It is difficult to raise prices, and some may offer a counteroffer. In areas such as Hangzhou, Jiahu, and other areas, except for some highlight enterprises and some highlight fabrics such as velvet, fragrant cloud yarn, and jacquard, the order volume of conventional fabrics continues to perform average. At the same time, mid to back-end enterprises such as weaving are also striving to innovate their products, integrate with fashion, integrate across borders, and promote marketing channels, actively promoting the smooth transmission of the industrial chain.

 

At present, the front-end autumn cocoon acquisition is nearing its end, and the annual acquisition prices remain high, with some regions reaching new highs. With the support of high cocoon costs, the decline in raw silk prices in the later stage will not be significant. The overall order shortage in the downstream market is insufficient, and most factories adopt measures to reduce inventory, such as reducing the number of units, purchasing according to demand, and reducing inventory. The quotation is mainly based on a one-time price. Raw silk lacks sufficient support and lacks strength in its upward trend. In terms of stage, the industry will further tend to be desolate in recent years, and it is difficult to have a trend upward trend in the future.

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