Guangxi Cocoon Silk: Cocoon Silk Prices Continue To Strengthen &Nbsp; Disk Once Again Full Up.
Raw silk is still strong, and the contract has closed at 390000 yuan in recent weeks.
As the market continues to push up, risks continue to escalate.
At present, no matter raw silk or dry cocoon.
Transaction price
It is already far higher than its silk and cocoon. The high price fresh cocoon as the support of the high market has already failed to stand up, let alone the problem of cocoon silk hanging upside down.
Inflation is the main driver at present. As for the supply and demand of cocoon silk, it is perhaps superficial that supply exceeds demand.
In fact, 380 thousand or even 39 tons of silk is difficult to digest in downstream silk factories, and exports are quite difficult.
Therefore, I believe that the current high cocoon silk prices do not have a solid foundation, and there is a high risk.
Today, the average output of dry cocoons is still relatively high, and the weekly contract 10122 rose by 900 yuan to 104700 yuan. The main contract 11033 increased by 1900 yuan, which received 108500 yuan, 14 batches, 72 orders, and 4 4.
In May, the contract rose 700 yuan to 98500 yuan.
The total number of dry cocoons is 36 batches, and the total order is 120 batches.
The overall rise of raw silk is still rapid, but the increase has been convergent on the previous trading day, up to 6000 yuan.
The contract rose 10122 yuan in the near future, 6000 yuan, 390000 yuan, 16 batches and 42 orders. The main contract 11033 increased by 6000 yuan, which received 385900 yuan, and the turnover was 160.
The high rise and high walk, with long shadow line and big foot line, remain unchanged. The technical level still gives strong support to the high cocoon silk price.
Influenced by policy regulation, recent
equity market
And the bulk product market is not booming.
In terms of bulk agricultural products, sucrose and cotton are in a downward trend today.
The rise of cocoon silk is a great risk in itself.
In addition, the current situation of cocoon silk market is uncertain, and there is no lack of bad news on the fundamentals. Therefore, we must not follow suit.
Avoiding risks, keeping profits and maintaining healthy development of enterprises may be a good choice.
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