The raw silk 16033 rises RMB 500 in price with the closing price of RMB298500. The raw silk 16093 rises RMB1000 with the closing price of RMB301000. The trade volume is 12 batch and the total number of order quantity is 454 batch.
This year the breeding of autumn cocoon reduced of the output ,however, this is a litter effect on the market decline trend. At present,only a sharp rise in demand ,there would be likely to get rid of the weak market demand trend. With the closing of the Chinese spring festival, the downstream consumer demand market continued tobe weakness. Various factory still maintain conformist to keep stock. In a word,in the short term ,silk will remain weak demand market trend.
