Market Quotation Comments on Nov. 22-Nov.27

Guangxi province cocoon silk market continued low prices this week. Delivery atmosphere continued cheerless situation, Market demand short-term will still maintain a weak shock pattern. Today the cocoon silk disk shock weakening, dried cocoon still paid no attention and no quotation. Raw silk 16033 fell 700 yuan with the closing prices of 305800 yuan, Raw silk 16093 fell 250 yuan with the closing prices of 307000 yuan with silk trading volume for 16 and total quantity for 486.

At present, the industry fundamentals are still weak, cocoon silk rebounds signs are not clear.

According to Chinese customs statistics, From Jan. to Oct. this year, China yarn imported us $7.63 billion, compared with the same period last year growth of 2.6%, which is given priority to with cotton yarn imports, import amount is $5.49 billion, up 6.6% from a year earlier, accounting for 25.6% of the total amount of the national textile and apparel imports. Under the recession circumstances of textile and clothing industry, in the first three quarters of this year, china cotton yarn imports keep still in active market, cotton yarn imports only flat with the same period of last year in October, imports of 174000 tons with 0.9% increase.