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

Textiles | On 23rd Jun 2017

Textile ministry organises training workshop on GST

The ministry of textiles had organised training workshop on GST which ...

Apparel/Garments | On 23rd Jun 2017

Uware Brands into licensing agreement with Polaroid

Uware Brands has entered into a licensing agreement with Polaroid for ...

Textiles | On 23rd Jun 2017

Ralph Lauren ex-president Tiger of Sweden's new CEO

Hans-Christian Meyer, former president of Ralph Lauren Corporation,...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Yash Agarwal
Hitansh Online

Every market region has its own culture and trends

Prabu Mohanram
Balavigna Weaving Mills Pvt Ltd

The biggest challenge that the weaving industry faces is high price

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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

news category


Related Categories:
June 2017

June 2017

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

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search