Cocoon Silk Rises And Loses Strength, &Nbsp; The Whole Line Falls!

The cocoon silk market was sluggish this week, and after a few weeks of rising, it returned again, and the price plummeted.

No matter the spot or the disk, there was a small price drop in the market this week.

This also proves that the early "air market" rise - there is no market price, once the cut-off point rises, there will be a rapid decline.

Spot market

As can be seen from the chart, the spot price has dropped a lot this week, and the average price of the weekend has basically fallen below 325 thousand.

And this week, the market is divided into two points. First, prices are still rising on the first two days of this week, and the high inflation can show this point. With the weakening of the market on Wednesday, the price of silk began to decline rapidly, and the decline continued to the end of the week.

This week's price, the average price of domestic 3A commodity inspection silk spot was around 329000 yuan / ton at the beginning of the week, and then the price showed signs of rise. But on Wednesday, the market began to drop sharply, the average price of weekend was around 323000 yuan / ton, and the overall price drop was 6000 yuan / ton, or 1.8%.

The overall spot market this week, although the price has dropped, compared with the beginning of the new market and the beginning of this month, there has been a slight increase in prices.

Between the rise and fall, the main reason is that the rise is mainly due to the recent relative rise in the decrease in the total actual inventory, the March contract delivery, the withdrawal of market funds and the delayed production in the cocoon market, which led to a surge in cocoon prices in the past two weeks. The main reason is that, obviously, the rise in the cocoon silk market for two weeks is "necessary", though it is "necessary".

Therefore, subject to the "price without market" overall constraints, cocoon silk market this week, the callback is also being cleaned up.

Electronic disk Market:

This week, like the spot market, there was a big drop and a big drop.

Especially in the far month, the main market in September, the weekend settlement price has dropped to less than 325 thousand, the market decline is extremely fast, and next year March contract prices also fell sharply, weekend prices fell to 330 thousand near.

Market data: the settlement price of Jiaxing market at the beginning of 0925 weeks is 338100 yuan / ton, the weekend settlement is 324000 yuan / ton, 14100 yuan / ton falls 4.17%; (2013) the settlement price of 0325 weeks is 346800 yuan / ton, and the weekend settlement price is 330900 yuan / ton, down 15900 yuan / ton. Decline 4.58%.

The price drop this week is mainly due to the influence of the empty disk. The rise in the previous price caused the market to a certain degree of empty shell - only the rising price did not trade the market.

Therefore, as the market and the capacity of the enterprise to reach saturation, and the downstream market has not been solved, the disk will fall, and the spot market will take off.

Last week, the writer said that we should be cautious about the sharp rise of the disk market. As for the trend of this week, the abnormal fluctuation of cocoon wire surface seems to have been shown at the end of last week.

Dry cocoon Market: the cocoon market is stable this week, basically maintaining around 110 thousand.

Analysis and comment:

This week, the cocoon silk market has fallen sharply, but it is not without signs.

At the news level, the textile export market fell in the first two months of export data, coupled with the import tariff policy of raw silk in India, and 5% of import tariffs remained unchanged, so the favorable factors were limited, and the cocoon silk market callback was inevitable.

It is reported that sericultural sericulture has been actively carried out by local sericultural sericulture, and the weather has improved in recent days, and the temperature has gradually picked up.

This week's decline also shows that the "shell price" of the previous period - price free market and spot no follow-up.

So this week is a market pullback.

As far as the current situation is concerned, the production of spring cocoons has been reduced this year. The tariff system of raw silk in India has not changed, and the consumption situation in the downstream is still weak. Therefore, cocoon silk market is expected to be dominated by interval concussion in the near future.