Guangxi Cocoon Trend Is Still Weak, Showing A Weak Shock.

Pure silk

17 Guangxi Market

Ups and downs, the overall market is still weak, price consolidation trend in the price range is still continuing, dry cocoon quotes 95 thousand to 100 thousand or so, raw silk 315 thousand - 320 thousand or so, the turnover is light, the market volatility is weak, the situation has changed little.

Dry cocoon rose 053 yuan in the past week, 200 yuan to close at 95 thousand and 200 yuan, 093 down 600 yuan to close at 94 thousand and 900 yuan, dry cocoon total 16 batches and 100 orders in total; raw silk dropped slightly, 3000 yuan in the last week, and 3000 yuan, which was now close to high and low.

Relatively stable recently, generally traded.

On the news, the purchase of the first batch of spring cocoons in Yizhou, Northern Guangxi, Guangxi is close. Only a small number of the first batch of cocoons are still on the market. The price is kept at 32 yuan - 35 yuan per kilogram. In the southern part of Hengxian, the second batch of spring cocoons have been collected. The purchase price is now around 34 yuan / kg. In Zhejiang Jiaxing, the local silkworm feeding has reached the five instar stage. It is understood that the growth of the local mulberry trees is the best year in recent years. At the same time, the order of feeding work is stable and normal. This spring and summer cocoon is expected to yield a bumper harvest.

China Chamber of Commerce for textiles import and export

According to the Ministry's data, due to the drag on the European debt crisis, the global economy continued to slump, the purchasing power of the market declined, and the demand for real silk products continued to shrink. In 1-3 months, China's silk products accumulated a total export of US $759 million, down 10.78% from the same period last year. In March, China's silk fabrics exported 271 million US dollars, down 3.58% from the same period last year.

In the first quarter of this year, the export market of cocoon silk was rather weak.