Guangxi Cocoon Filament: Continuation Of Rising Pattern &Nbsp; Market Push Up Risk Escalation
Cocoon silk prices continue to strengthen today, the market in Guangxi once again closed up.
Dry cocoon
The total contract was progressed steadily. The highest price appeared in the far month 11033 contract, which closed at 108500 yuan, and nearly 104700 yuan in the near future contract.
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 what is
raw silk
Or the price of dry cocoon is far higher than its silk and cocoon. The high price fresh cocoon as the support of the high market has already begun to hold water, let alone the problem of cocoon silk hanging upside down.
The inflation problem is the main push, as for the supply and demand of cocoon silk,
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.
Affected by policy regulation, the recent stock market and bulk product market are not very prosperous.
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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