The price of silk fabrics has seen a slight decline this month. This has led some silk and silk fabric companies to stock several bales in warehouses. The decline is in spite of an increasing trend witnessed in the prices of raw silk and cocoons in China since 2009.
The price of raw silk has increased from about 165,000 Yuan/ton in March 2009 to nearly 410,000 Yuan/ton in May this year. The price was 253,000 Yuan/ton and 395,000 Yuan/ton in March 2010 and March 2011 respectively.
In Zhejiang province, the price of fresh cocoon has crossed 23 Yuan/Jin (1 Jin = 500 gm) this year from 16 Yuan/Jin in 2010. At other places, the price has even touched 25 Yuan/Jin. The price of dry cocoon is 120,000 Yuan/ton.
Fibre2fashion News Desk - China
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