Guangxi: Cocoon Silk Prices Return To Narrow Range
March 2nd this week Cocoon silk price Returning to a narrow range of turbulence, the consolidation pattern looms, which can be regarded as a "rest" for last week's volatile market. Dry cocoon price The trend is to get rid of raw silk during the week, with an average daily turnover of about 40 batches.
Decision Dry cocoon The important factor of the price rise and fall of the stock market is that the cocoon is playing a role again. It shows that the "U" type from the GJ09024 line of a week's contract shows that its price can not be effectively broken before the important resistance level is 44500 yuan, and the fluctuation range is limited to 500 yuan.
The dry cocoon has gradually shifted from supply to demand, with no market price, lack of circulation, and reduction of production in reeling factories, making the price of dry cocoon in a dilemma. And with the warm weather in Guangxi, the growth of the dried mulberry trees has begun to grow. Dry cocoon price The fluctuation is slowing down. Before April, there is a large possibility of a narrow finishing of cowhide dishes.
2, March is the traditional season for raw silk purchasing in the first half of the year. The silk processing enterprises that have received spring and summer delivery orders are eager for the demand for raw silk. Last week, a lot of raw silk prices had fallen due to the combined effects. But, as I analyzed last week, raw silk returned to the fundamentals of supply and demand this week. The sharp fall in irrational factors is not the mainstream direction of this month's market.
However, this week's raw silk is not a unilateral rise, but it is still limited: SS08024 opened 164500 yuan on Monday, and the lowest level was 163500 yuan. The price of Friday's return to the starting point was 164500 yuan, which is consistent with the fact that the traditional raw silk spot price changes very slowly and almost no fluctuation on Friday.
February 22nd, China textile The cocoon silk industry should be handled by the business association. Crisis expanding domestic demand The forum was held in Shanghai, which is a rare forum in the industry to expand domestic demand. It also mentioned brand building and other contents. Expand domestic demand "No detailed recommendations or initiatives have been reported yet.
For cocoon and silk, a textile variety with great dependence on foreign trade, the prospect of consumption depends on the changes in the international macro environment. The narrowing of the scope of the current situation is that the order of the various silk enterprises is different, but the overall production can still be maintained. In this sense, there is no need to be totally pessimistic about this year's silk consumption.
Editor in chief: Xu Qiyun
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