Home / Knowledge / News / Textiles / Cocoon & raw silk prices continue surge
Cocoon & raw silk prices continue surge
09
Nov '10
Cocoon and silk prices continued to rise last week. The highest trade price of dry cocoon reached 99,500 Yuan per ton in Guangxi market and is very near the 100,000 Yuan / ton price mark.

Raw silk contracts broke the 340,000 Yuan per ton level. Forward month contract 11093 hit 347,000 Yuan, just a yard stick away from the psychological price of 350,000 Yuan per ton.

Dry cocoon contract 11093 fell 100 Yuan to close at 92,100 Yuan per ton, contract 11013 rose 500 Yuan to close at 94,000 Yuan per ton and the main contract 11033 fell slightly by 100 Yuan to close at 99,000 Yuan.

Raw silk contract 11011 rose 2800 Yuan to close at 343,400 Yuan per ton and contract 11033 rose 3500 Yuan to close at 342,000 Yuan. The main contract 11033 rose 1100 Yuan to close at 345,300 Yuan and forward month contract 11093 fell 200 Yuan to close at 323,000 Yuan.

Judging from the surface, current market situation of cocoon and silk moves step by step, overall situation is more realistic, but there are still many uncertain factors.

According to Xinhua News Agency, nearly hundreds of counties in Guangxi have been suffering autumn drought since the second half of this year; therefore, silkworm production will face serious challenges next year.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Textiles | On 25th Mar 2017

MEGlobal to build first ever US MEG plant

Monoethylene glycol (MEG) producer MEGlobal plans to construct a new...

Courtesy: Ulster Carpet

Textiles | On 25th Mar 2017

Ulster Carpets acquires Griffith Textile Machines

Northern Ireland based manufacturer of carpets, Ulster Carpets said...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Lynda Kelly
Suominen Corporation

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

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Karan Arora
Karan Arora

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

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

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
March 2017

March 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search