Home / Knowledge / News / Textiles / Raw silk prices touch new highs
Raw silk prices touch new highs
Aug '10
Most dry cocoon and raw silk contracts closed higher in Guangxi market on August 17, high-level operation continued to be stable. Dry cocoon trading witnessed mixed reactions on the day, nearby week contract 083 significantly fell for two consecutive days after it closed at 88,500 Yuan last weekend.

Other contracts rose slightly and mainly above 84,000 Yuan. Most transactions of raw silk contracts were reached at high level, actual trade volume greatly improved compared with previous days, offers of several raw silk contracts maintained above 300,000 Yuan, the highest reached 312,000 Yuan, and crossed the previous high.

Currently overall dry cocoon market is maintaining relatively stable trend; prices are still running at high level. Mid-term contracts of dry cocoon were active on the day, nearby week contract 083 fell 4200 Yuan to close at 82,500 Yuan, while other dry cocoon contracts stabilized at 84,000 Yuan.

The most active contract 093 rose 500 Yuan to close at 85,000 Yuan, forward month contract 11033 rose 400 Yuan to close at 84,700 Yuan.

Raw silk prices increased for two days. Nearby week contract 083 rose 2,000 Yuan to close at 312,000 Yuan on the day, to set another new high, contract 093 rose 200 Yuan to close at 309,600 Yuan, forward month raw silk contract 11033 rose 2,700 Yuan to close at 306,000 Yuan.

A meeting of National Silk Industry and the Development Summit of Western China Silk Industry concluded last week, but the impact is not obvious on the market, cocoon and silk market is expected to maintain strong momentum before macro control policy is implemented and before the policy really plays a role over the market.

Fibre2fashion News Desk - China

Must ReadView All

Apparel/Garments | On 28th May 2017

Over 45% US retailers to use AI in next 3 years: Report

Over 45 per cent retailers in the US plan to utilise artificial...

Neelesh Hundekari speaking at the event. Courtesy: Subir Ghosh

Textiles | On 27th May 2017

Fabric of Change initiative announces €250000 scaling fund

The Fabric of Change initiative of Ashoka and the C&A Foundation is...

Apparel/Garments | On 28th May 2017

Naked Brand, Bendon sign agreement to reorganise

Naked Brand Group, a fashion and lifestyle brand, and Bendon Limited, ...

Interviews View All

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Evelyne Cholet

‘France had a reputation of being big in new ideas, but poor in marketing...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Steve Cole
Xerium Technologies

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

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
May 2017

May 2017

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


Browse Our Archives


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