The price of dry cocoon fell nearly 30% in three months due to lack of strong support from demand

According to the price monitoring of the business agency, the domestic cocoon and silk market has been declining all the way in the past three months. As of April 16, the average price of the dry cocoon market was 88000 yuan / ton, 29.88% lower than that of January 16, and the average price of the raw silk market was 276500 yuan / ton, 26.85% lower than that of January 16. At present, the price of dry cocoon in Jiaxing, Zhejiang Province is 87000 yuan / ton, the price of raw silk is 270000-290000 yuan / ton, the price of dry cocoon in Guangxi Province is 89000 yuan / ton, and the price of raw silk is 279000 yuan / ton. At present, the market transaction is still cold, there is no market for low-grade raw silk, and there are few transactions for high-grade raw silk.

 

Melamine

With the sunny weather, spring cocoons in Guangxi began to be listed one after another. Since last week (around April 10), the first batch of spring cocoons in Xincheng of Guangxi began to be listed in succession in the first half of the year. On April 14, it was learned from some local cocoon purchasing units that the number of local spring cocoons on the market was gradually increasing, and the quality of fresh cocoons on the market was different. The price of factory purchase was based on the quality. At present, the price was basically kept at about 28-30 yuan / kg, which is currently at the peak of cocoon listing, and the local cocoons are continuously on the market 。 At present, the purchase price in Hengxian County, Nanning is about 26-32 yuan / kg, and that in Baise Napo County is between 26-40 yuan / kg. According to the different quality, the purchase price varies greatly, with good quality and high price.

 

It is learned from some cocoon stations in Hengxian and Xincheng that on April 10, the first batch of spring cocoons in Xincheng silkworm district this year began to appear on the market. Thanks to the warm winter of this year, the listing time was earlier than last year, and the spring cocoon collection and drying work in Guangxi was fully started. According to some local purchasing units, the purchase price is about 30 yuan / kg, down from last year. With the continuous downturn of cocoon silk market, some factories automatically lowered the purchase price of fresh cocoon. As of April 15, Xincheng’s purchase price is about 26-28 yuan / kg. The purchase price of Hengxian County in Guangxi is 25-27 yuan / kg, down 1-5 yuan / kg compared with the previous day.

 

In addition, Yizhou silkworm district and Liucheng silkworm District of Guangxi, as the main production area of sericulture in Guangxi and even in China, will begin to market spring cocoons around April 25.

 

In terms of import and export, from January to February, the total import and export volume of China’s real silk goods was US $255 million, down 24.18% year on year, accounting for 0.74% of China’s total import and export volume of textiles and clothing. The export volume was US $225 million, down 24.02% year-on-year. Influenced by public health events, the export of China’s real silk goods fell sharply in February, resulting in a year-on-year drop of 10-30% in the three categories of exports from January to February, of which the decline of silk products was the largest, reaching 30.26%. From January to February, the import value of real silk goods was US $29.513 million, down 25.41% year on year.

EDTA

 

There is a serious shortage of orders in the downstream end textile market, and textile enterprises generally face greater operating pressure. Since the resumption of production, the utilization rate of steadily improved production capacity has gradually declined, and some enterprises have begun to reduce the start-up rate in the form of rotation and holidays. At the same time, due to the influence of insufficient demand and declining production and sales, many enterprises have overstocked inventory recently, and the pressure of capital turnover is prominent. Due to the demand for recovery funds or lack of confidence in the market prospect, many enterprises ship goods at low prices, which leads to the decline of silk price transaction price.

 

Business analysts believe that the traditional “gold, silver and four” demand peak season is difficult to flourish, the terminal enterprises cancel the external orders frequently, the internal single market is also relatively low, and the textile enterprise inventory is rising again. The consumption situation and market confidence have fallen sharply, and it is expected that the construction will be lowered. The demand lacks strong support, and the price of cocoon and silk will continue to weaken in the near future.

EDTA 2Na