Data

Market quotation comment on 29 February

Time:2016-03-01 Source:worldsilk

 

Today the deal on dry cocoon is still cheerless with no quotation no deal in Guangxi Province of China. Raw silk has a sharp rebound, and increased deal volume, market outlook will continue to hold up. Raw silk 033 rises 3925 with the closing price of RMB 297800.Raw silk 093 rises 2767 with the closing price of RMB 295000 .Raw silk total deal is 34 batch and the total holdings is 458 batch.

 

Despite after the Chinese lantern Festival, industry companies starts to inventory, but there was no substantial improvement current pessimistic expectations, and various enterprises all have certain inventory base, so replenishment strategy will not much more, so the cocoon silk prices base is still weak. In the balance of supply and demand environment, industry market weak oscillation operation has no chang on the difficult, movementsof cocoon silk market outlook remains to observe.

 

According to the acquisition data statistics on nearly 30 counties (cities) cocoon by the Zhejiang Province Silk Association,The sending cocoon seed quality of entire Zhejiang province is 645000 copies in 2015, drops by last year 22.52% . The cocoon output is 29100 ton (about 582000 picul ) ,drops by last year 13.15%. The cocoon purchase volume is 17300 ton (34600 picul), drop by last year 11.64%,the average purchase price is 1746.93 RMB/50 KG(Picul), increase by last year 87.05 RMB/50 KG(Picul), growth rate 5.24%.