Home / Knowledge / News / Textiles / Cocoon & raw silk prices run out of steam
Cocoon & raw silk prices run out of steam
13
Aug '10
Dry cocoon and silk prices in Guangxi market fell on August 12. Except nearby week dry cocoon contract 083, all other contracts declined in a range of 400-900 Yuan / ton. Raw silk contracts dropped across the board, after a steady increase for several days.

The rising momentum in the dry cocoon as well as raw silk market has started to ease. In recent days, raw silk prices had touched a high of 310,000 Yuan / ton, but both the commodities now seem to be running out of steam.

In the dry cocoon market, nearby week contract 083 rose 200 Yuan to close at 84,200 Yuan / ton, contract 093 fell 400 Yuan to close at 84,300 Yuan / ton, contract 10103 fell 500 Yuan to close at 84,500 Yuan / ton, forward month contract 11033 fell 900 Yuan to close at 83,800 Yuan / ton.

The market has been at low ebb for a long time. Forward month contract 11033 retreated from 84,000 Yuan to 83,800 Yuan. The market will not see any major changes before autumn cocoon comes into the market.

In the raw silk market, nearby week contract 083 fell 1200 Yuan to close at 307,500 Yuan / ton, contract 093 fell 1700 Yuan to close at 306,300 Yuan / ton, contract 10103 fell 100 Yuan to close at 302,500 Yuan / ton and forward month contract 11033 fell 2700 Yuan to close at 297,000 Yuan / ton.

Spring Cocoons hit 310,000 Yuan / ton, much beyond market expectation, but the price is very close to the limit of this year,

Spot dry cocoon was offered at 90,000 Yuan, but no deal was reached. Spot raw silk was offered at 315,000 Yuan, but no deal reached, either, as there was a wide psychological gap between sellers and buyers in spot market.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 29th Jun 2017

Nan Ya files trade petition in US against Korea & Taiwan

Nan Ya Plastics Corporation, America, a US synthetic fibre producer,...

Textiles | On 29th Jun 2017

Indian textile industry will reach new milestone by 2020

By 2020, textile technologies will be highly advanced not only with...

Apparel/Garments | On 29th Jun 2017

Amazon intends to keep investing and growing in India

American online retail giant Amazon intends to keep investing and...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Vasanth Kumar
Max Fashion India

‘Traditional high-street retailers are now willing to offer franchisees to ...

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Giorgio Mantovani
Corman S.p.A

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

Eric Scholler
Groz-Beckert

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

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Judy Frater
Somaiya Kala Vidya

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

Karan Arora
Karan Arora

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

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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:
July 2017

July 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



X