According to the price monitoring of the business agency, since May, the price of domestic cocoon and silk market has rebounded under the support of domestic sales orders and cocoon cost. However, the pressure on the industry fundamentals has increased in the middle and late June. In addition, with the arrival of the off-season, both domestic and foreign markets are suffering from the pressure of demand, and the price begins to fall. In July, the cocoon market continued to be weak. As of July 10, the domestic market average price was 89500 yuan / ton, down 5.79% from the beginning of the month.
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The raw silk market price also fluctuated downward. As of July 10, the average market price was 271000 yuan / ton, down 7.03% from the beginning of the month. At present, the price of dried cocoon is 90000 yuan / ton in Jiaxing of Zhejiang Province, 260000 yuan / ton of raw silk, 89000 yuan / ton of dried cocoon and 277000 yuan / ton of raw silk in Guangxi. International market, India as of July 8, hybrid cocoon 135-263 rupees / kg, secondary cocoons 400-450 rupees / kg, poly cocoons 300-325 rupees / kg, Erhua silk 2650-3300 rupees / kg. (1 rupee = 0.0936 RMB)
At the beginning of July, the fifth batch of cocoons continued to appear on the market in Yizhou and other places in Hechi region of Guangxi. Most sericulture farmers chose to start cutting mulberry gardens in summer after the end of this batch. In some cocoon stations in Qingyuan Town, Yizhou, the price of cocoon on silk reeling is generally about 27-28 yuan, and the purchase price of double cocoon for making shuanggongmian is about 27 yuan per kilogram. Yizhou Tongde piece’s fifth batch of cocoon listing is coming to an end, and the purchase price is generally around 22-28 yuan per kilogram, which reflects the general price. For the fifth batch of cocoons listed on the market in Desheng, Yizhou, some cocoon stations strictly received cocoon quality, which reflected that the quantity on the market was small, and the quality of fresh cocoons received was generally good, and the purchase price was about 27.4 yuan per kilogram. Some cocoon stations received fresh cocoon quality gap is large, the price is about 22-28 yuan per kilogram. The fifth batch of cocoons of Yizhou Fulong tablets are gradually on the market, and the price is generally around 24-27 yuan per kilogram. Similarly, in Huanjiang County, the purchase price of reeling fresh cocoons is generally around 22-28 yuan per kilogram.
The second spring cocoon in Gaoxian County, Yibin City, Sichuan Province is on the market with good quality and high yield per unit area. The average yield of cocoon is more than 45 kg. If the 2 yuan prize is added, the price is generally above 37 yuan per kilogram and the highest is 41 yuan. The major cocoon stations in Yangcheng County of Shanxi Province have successively opened scales to purchase fresh cocoons. This year, there are more than 6000 spring silkworm varieties. It is estimated that more than 250000 kilograms of cocoons will be produced, and the unit price of spring cocoons is about 40 yuan / kg. The first batch of summer cocoons in Songxian County of Henan Province has also been purchased.
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Entering the midsummer, the main production area will cut mulberry garden in summer, and the cocoon listing will be suspended. At this stage, it is in the traditional off-season of textile industry, the downstream demand is obviously weaker than that in June, and the market trading atmosphere is not good. The overall market of domestic market is weak, and export orders have not recovered well. The demand for orders and small batch proofing orders are maintained. There is pressure on capital return, and now we still mainly buy as you use them. In the off-season, the industry chain has been cast a shadow again. Weaving enterprises generally reflect that the shipment is slow and the inventory has an increasing trend.
Domestic silk import and export data show that from January to may, the total import and export volume of China’s real silk goods was 559 million US dollars, a year-on-year decrease of 29.81%, accounting for 0.52% of China’s total import and export of textiles and clothing. The export volume of real silk goods was 484 million US dollars, a year-on-year decrease of 30.52%, accounting for 0.49% of China’s textile and clothing exports. From January to may, the import volume of real silk goods was US $75.326 million, a year-on-year decrease of 24.84%, accounting for 0.82% of the import value of textiles and clothing.
Business agency analysts believe that the continued downturn in the downstream market has become the biggest upward pressure on cocoon silk prices. At present, there is no good news release in domestic and foreign markets. Due to the superimposed influence of public health events and the arrival of traditional off-season, it is difficult to get goods in the spot market of raw silk, and the transaction power is obviously insufficient. The actual transaction price can be negotiated. In the current off-season of domestic sales and sluggish export, businesses purchase on demand, market demand is weak, product inventory continues to increase, the overall wait-and-see dominant, the fundamentals are flat, and there is no rebound signal. Overall, it is expected that cocoon silk prices will continue to maintain a downward trend of shock.
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