Home / Knowledge / News / Textiles / Cocoon & raw silk trends continue to flare-up
Cocoon & raw silk trends continue to flare-up
03
Sep '10
Dry cocoon and raw silk markets in Guangxi were very active on September 2, showing desire to break recent sideways pattern. Dry cocoon rose 100-300 Yuan per ton, raw silk prices too increased across the board, with the maximum rise up to 9000 Yuan per ton.

Both trade volume and positions expanded. Dry cocoon retained the price of 85,000 Yuan per ton on the day, while the highest price hit 86,000 Yuan. Raw silk collectively approached 330,000 Yuan per ton, trade volume of forward contract 11033 enlarged.

Dry cocoon contracts continued their recent smooth performance; prices gradually rose to 85,000 Yuan per ton. Nearby contracts were flat, nearby week contract 091 was quoted at 86,000 Yuan, contract 093 rose 100 Yuan to close at 85,800 Yuan per ton and contract 11033 rose 200 Yuan to close at 86,000 Yuan.

Raw silk contracts rose sharply across the board on the day. Nearby week contract 091 rose 6000 Yuan to close at 329,000 Yuan, contract 092 rose 9000 Yuan to close at 329,000 Yuan, or up 2.81 percent. Nearby main contract 093 set another new high by increasing 56,000 Yuan to close at 332,000 Yuan and forward main contract 11033 rose 6,400 Yuan to close at 323,700 Yuan.

Autumn cocoon has already come into markets in Guangxi and Yunnan and it has been reported that, pod price is the same as the spring cocoon price and was quoted at 32 Yuan / kg. High pod purchase prices have driven spring cocoon and silk prices to high level, in addition, spring cocoon yield is less than expectation.

Cocoon and silk prices have increased all the way up this year. Autumn cocoon market performance will directly determine next trend of cocoon and silk markets. Market reactions are expected to be more dramatic in the future on receipt of positive news.

Fibre2fashion News Desk - China


Must ReadView All

Textiles | On 21st Aug 2017

GST payment & filing for July extended till Aug 25

The GST Implementation Committee, consisting of state and Central...

Textiles | On 21st Aug 2017

India’s cotton production may grow by 3.76% in 2016-17

India’s cotton production is likely to rise by 3.76 per cent to 345...

Textiles | On 21st Aug 2017

Telangana announces sops for textile, apparel sector

The Telangana government recently announced a string of incentives,...

Interviews View All

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Steve Cole
Xerium Technologies

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

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

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

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


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