Home / Knowledge / News / Textiles / Rally in cocoon & silk prices cools down
Rally in cocoon & silk prices cools down
28
Jul '10
After raw silk broke through 300,000 Yuan mark last week, the rally in cocoon and silk market cooled down, due to lack of support from transactions, and no improvement of external environment.

In recent days, the trade volumes of cocoon and silk do not justify the rising prices and the market is increasingly deserted with trade volumes dwindling.

Dry cocoon prices fell across the board on July 26. Some contracts were unable to stabilize at 82,000 Yuan / ton. Dry cocoon contract 083 fell 600 Yuan to close at 82,200 Yuan / ton and the most active contract 093 fell 600 Yuan to close at 82,200 Yuan / ton.

Contract 10103 fell 1,700 Yuan to close below 82,000 Yuan and forward month contract 11033 fell 1,200 Yuan to close at 82000 Yuan / ton.

After raw silk broke through 300,000 Yuan mark last week, its market performance was not up to expectation, as the market sustained and wavered within 300,000 Yuan range, its upward momentum was blocked.

The market closed at 300,000 Yuan on July 26, but trade volume was only 4 lots without any orders, which portends bad prospects. Contract 083 fell 2,200 Yuan to close at 29,700 Yuan / ton.

The most active contract 10093 fell 2,100 Yuan to close at 289,000 Yuan / ton, contract 10103 fell 1,800 Yuan to close at 287,000 Yuan / ton; forward month contract 11033 fell 2,200 Yuan to close at 284,600 Yuan / ton.

By observing the market trend in recent times, cocoon and silk prices are expected to continue high-level fluctuations in the short term and may undergo a slight decline.

Fibre2fashion News Desk - China


Must ReadView All

Indian govt relaxes cabotage rule for cotton transport

Textiles | On 25th May 2018

Indian govt relaxes cabotage rule for cotton transport

The Government of India has relaxed cabotage rules for transportation ...

Courtesy: Teejay Lanka

Textiles | On 25th May 2018

Teejay Lanka doubles production capacity at Indian mill

Teejay Lanka, one of Sri Lanka’s largest textile manufacturers, has...

Courtesy: Messe Frankfurt/Yarn Expo Autumn edition

Textiles | On 25th May 2018

Yarn Expo Autumn 2018 scheduled earlier

Over 500 exhibitors are expected at the Yarn Expo Autumn 2018, being...

Interviews View All

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Suresh P Bagrecha

Komal Texfab, founded in 1981, is into manufacturing of knitted fabrics,...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search