Market Enters Busy Season Cocoon Silk Price Continues To Pick Up

Since March, the domestic cocoon and silk market has continued to warm up, and the market confidence has further recovered. As of March 10, the average price of dried cocoon market was 116500 yuan / ton, which was 3.56% higher than that at the beginning of the month and 2.22% lower than that at the beginning of the month; the average price of raw silk market was 359000 yuan / ton, up 2.87% compared with the beginning of the month, and decreased by 3.21% year-on-year.

Silkworm chrysalis Market: at present, the domestic market is in the gap period of silkworm pupa production. Before the spring cocoon is put on the market, the large and small businesses with inventory will have some deliveries, which are basically purchased on the same day and sold on the same day, and the price is basically stable. The loading price of fresh pupae in Guangxi and Guangdong factories: 12000 yuan / ton for Grade A, 11500 yuan / ton for Grade B, and 9500-11000 yuan / ton for grade C. The loading price of dry and wet pupae in Guangxi factory is 5800 yuan / ton for Grade A, 5300 yuan / ton for Grade B and 4500 yuan / ton for grade C. Southeast Asian market overall procurement is stable, Thailand due to the water sprinkling Festival is approaching, customers are more active, orders increased. The overall price was flat or slightly higher than last week. The price is about 2200-2400 US dollars / ton, 16000 Dun / kg in Vietnam and 1500 US dollars / ton in South Korea.

Downstream terminal traditional wholesale markets, such as Zhejiang Hangzhou and other places silk wholesale markets opened to enter the busy season, Shandong, Liaoning and other secondary wholesalers entered the market to see and take delivery of goods. Starting this week, companies of various kinds of silk underwear, silk quilts, scarves and other major categories of goods announced that the prices of goods would be increased.

Analysts believe that in the future, from the silkworm chrysalis market to the mid April new cocoon listing in Yizhou, the price of silkworm chrysalis will be firmer due to the rise of commodities including cocoon silk. But at present, with the continuous rise of raw material prices, downstream enterprises tend to be cautious in purchasing intention. Most enterprises choose to wait for the market to further stabilize before purchasing raw materials, and focus on the market cautiously. The inflation pressure is great under the superimposed monetary easing policy. It is not ruled out that the possibility of high-level adjustment and downward adjustment will occur after the cocoon silk rises sharply before the Spring Festival cocoon listing from March to April. Therefore, it is necessary to be cautious. At the same time, with the warm weather, in the fast order receiving season of various kinds of silk clothing, we should pay more attention to the order quantity in the later stage.