Guangxi Cocoons Continue To Maintain The Trend Of Regional Oscillation

Last week's Guangxi Market

Continue to maintain a weak pattern of consolidation, cocoon silk prices in a relatively high price range narrow saw the ups and downs complementary, the first week of the week rose to the weekend, then fell, the price of the contract changes are not obvious, has been maintained in recent weeks, the price of cocoon 100 thousand yuan / ton, raw silk 340 thousand yuan / ton.

Today, Friday, the number of cocoon silk fell down, dry cocoon 093 rose 100 yuan to close at 98 thousand and 600 yuan, while the price of the far month contract dropped slightly, but still kept at a price of more than 100 thousand. The raw silk is now down, 093 down 1100 yuan for 339 thousand and 500 yuan, 033 contracts next year will be reduced by 1900 yuan, and the volume will continue to increase slightly.

The total turnover is 280 batches and the total order is 1878 batches.

Judging from the performance in recent weeks, cocoon silk keeps oscillating in the interval, and the price fluctuates in a narrow range. The main contract continues to rise upward, but there is no obvious support for the downstream. With the gradual arrival of the autumn cocoon stage, the market will turn to the supply of new raw materials in the late stage. Before the new obvious profit margin factor has not yet arrived, it is expected that the cocoon wire will be dominated by high oscillations near the current price area.

Autumn silkworm production, Zhejiang, Jiaxing, Tongxiang, Haining and other places will begin to release mid autumn silkworms on the 24 day of this month. The number of them is greatly reduced. Among them, the Xiuzhou area of Jiaxing's main cocoon production area has set the number of mid autumn silkworm eggs to be reduced by about 52.49% compared with that of last year's mid autumn silkworm, and the reduction is obvious. According to this situation, the supply of cocoon materials will be tight in the second half of this year.

On the external macro side, this year, due to the slow economic recovery in Europe and the United States, the external demand of China's textile industry continued to be weak, orders were insufficient, and the cost of raw materials and labor increased greatly. China's textile industry suffered a real "cold current". The growth rate of textile raw materials, products and textile machinery exports dropped sharply, of which textile exports of raw materials decreased again after the impact of the financial crisis in 2009. The export situation of the whole year is not optimistic.

On the whole, the global economy is still weak, and the cocoon silk export industry relying on exports will continue to develop in a negative direction. For this reason, we should do well in the domestic market and base ourselves on domestic sales. In the short term, the industry market is waiting for new stimulus.

High volatility is still the main factor.