From September 2 to 8, the domestic silk market continued to show a high consolidation trend, as of September 8, the average price of domestic raw silk spot market was 488,800 yuan/ton, up 0.16% from the end of last week; The average price of dried cocoons in the market is 160,000 yuan/ton, the same as the price last weekend.
From the point of view of raw silk spot, the price change is small, silk prices continue to show a strong game shock trend, silk fabric prices still can not keep up with the pace of silk price increases, order difficulties, high raw material resistance has also appeared, the procurement pace has slowed down compared with the previous period, but still maintain a certain rhythm. The gold market has not yet shown strong vitality, but as the peak season, September is indeed a little early, double 11 important nodes have not yet arrived, and the market situation is still optimistic. In terms of exports to India, prices are basically unchanged and it is difficult to increase prices.
This week is the concentrated time for the first batch of autumn cocoons listed in major producing areas such as Hechiyi Prefecture, Guangxi. The overall purchase price has increased, but at the same time, the quality has also improved compared with last week, resulting in obvious autumn cocoon buying, the price has risen from the initial 54-56 yuan to 55-57 yuan during the batch listing, and then to the peak of 56-58 yuan, and then to 60 yuan, and a few particularly good quality has reached 61-62 yuan. From September 2 to 8, this period is also the gradual listing period of autumn cocoon in the southwest region, from the trading volume and high price point of view, the negotiation is more difficult.
In terms of silk, in addition to a few popular varieties, it mostly reflects the basic end of summer orders in the season, and the fabric clothing orders in the next season are still not at a time node or the performance is still general. Some units reflect that the silk price quoted according to the current silk price is difficult for customers to accept, and it is still in the bargaining stage, but the overall price is slightly red than last week.
At present, the whole industry shows a light feeling before and after, from the current acquisition situation of each cocoon producing area, the acquisition price continues to rise is a high probability event, the downstream silk enterprises are under great pressure, raw materials and finished products inventory occupy a lot of funds, in order to ensure product quality and order production, the recent purchase volume is also appropriate to increase. At present, the production season has entered, and the orders have improved compared with the previous period, but this year's peak season is insufficient, and it is expected that there will be no significant change. Analysts believe that the downside of raw silk prices is limited, mainly because the entire textile industry is in the peak season or close to the peak season, short-term downstream demand is still in.
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