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Japan'S Earthquake Hit Global &Nbsp; Cocoon Silk Prices Fell.

2011/3/15 15:49:00 101

Cocoon Silk Japan Earthquake Retail Door

(Monday) the disk fell sharply, and the cocoon filament composite index fell 2.08% to 3592.84.

One thousand one hundred and four

Dry cocoon

It rose 100 yuan to close 127500 yuan, 1104B silk fell 5100 yuan to close at 384900 yuan; 1109 dry cocoon and B silk fell 1700 yuan and 6000 yuan respectively to collect 112200 yuan and 356400 yuan respectively.

All day dry cocoons traded 4 hands, B silk traded 73 hands.

Today B silk contract slightly increased in the previous month, while 1109B silk changed hands actively.

Today's 1203B silk's first trading day, the first day of trading 7 hands, charm can not be ignored.

Last Friday's earthquake triggered Japan.

market

Today's worries about the economy and Japan's demand have led to a sharp fall in cocoon silk prices.

Japan, as the fourth largest export market of Chinese silk products, exported to Japan in 2010, which amounted to US $260 million. Recently, Japan's energy supply was tight, and some retail stores were closed. It is estimated that the actual consumption of silk clothing will be temporarily affected, but the short-term is mainly psychological impact. After all, the export of silk to Japan is less than 10% of the total export volume of Chinese silk.

In 2010, China's textile and apparel exports to Japan amounted to US $21 billion 258 million, accounting for 10. 7% of the total exports of the industry.

Japanese textile and apparel consumption accounts for 3 to 5% of the world's total, and short-term fluctuations will not have a significant impact on the demand side of the industry.

It is understood that the orders received (2~3 months shipped in the future) are not affected.

Shortly after the earthquake, textile companies had not yet been asked to adjust orders by Japanese customers.

The export orders for textile and garment industry are usually determined in advance of 2~3 months. The credibility of Japanese customers is relatively high, and the possibility of cancelling the order is smaller.

However, some factories in China will not take the initiative to share the pressure and negotiate with Japanese customers.

For the consumption of silk,

Domestic market

The backbone is stronger and stronger, so it may be more pertinent to analyze the impact of the earthquake on China's economy.