Home / Knowledge / News / Textiles / Cocoon & silk price trends dip in tandem
Cocoon & silk price trends dip in tandem
10
Sep '10
Sichuan, Yunnan and Guangxi provinces have started the acquirement process of autumn cocoon in early September. The current purchase price is above 30 Yuan / kg, the price in some local places even has risen to 35 Yuan / kg.

But the support from acquirement news to the cocoon and silk markets was less than the impact from decline in stock and futures markets on Thursday, as both, the cocoon as well as silk markets fell on Thursday.

Contracts of dry cocoon fell 200-300 Yuan per ton. Contract 10093 fell 200 Yuan to close at 87,200 Yuan per ton and contract 11033 fell 400 Yuan to close at 87,600 Yuan per ton.

The price trend of autumn cocoon are like those witnessed for spring cocoon. The price rapidly rises in early times after the opening price, but quickly falls back to a stable level.

Off course, it all depends on the actual cocoon production and another important factor is how far, the price of raw silk can carry on. Now export price has increased from US $47 / kg to $50/ kg, directly reaching the bottom line of Indian psychological price.

Raw silk contract 10093 fell by nearly 3,100 Yuan on the day to close at 338,000 Yuan per ton. The main contract 11033 opened at 330,000 Yuan but closed at 324,200 Yuan, down 6000 Yuan from the previous day.

Looking from a technical point of view, contract 10033 formed a new head and shoulder formation after it hit 330,000 Yuan. Although the market was in resonance of declined external markets, the possibility of a technical correction in raw silk prices could not be neglected.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: American Silk Mills

Textiles | On 18th Oct 2017

Sutlej Textiles adds American Silk Mills to its portfolio

Sutlej Textiles and Industries Ltd (STIL) has announced the...

Arvind Limited executive directors Punit Lalbhai (left) and Kulin Lalbhai explaining the project to Gujarat chief minister Vijay Rupani. Courtesy: Arvind Ltd

Apparel/Garments | On 18th Oct 2017

Arvind to set up mega apparel facility in Gujarat

Arvind Limited, one of India’s largest textile to retail...

Cotton stocks accumulating everywhere outside of China

Textiles | On 18th Oct 2017

Cotton stocks accumulating everywhere outside of China

Global cotton stocks outside of China are expected to rise by nearly...

Interviews View All

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Vikas Banduke

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

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Larry L Kinn
Suominen Corporation

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

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

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

October 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
77.3%
No
13.6%
Skip
9.1%

Total Votes: 66

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
60.6%
No
28.8%
Skip
10.6%

Total Votes: 66

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
84.8%
No
10.6%
Skip
4.5%

Total Votes: 66

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
74.2%
No
12.1%
Skip
13.6%

Total Votes: 66


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