Home / Knowledge / News / Textiles / Raw silk extends high level consolidation
Raw silk extends high level consolidation
27
Nov '10
Cocoon and silk market rose in Guangxi province and thereby extended its high-level of consolidation. Dry cocoon contract 10121 rose 100 Yuan to close at 98,100 Yuan per ton; contract 10123 rose 300 Yuan to close at 99,900 Yuan per ton and the most active contract 11033 fell 300 Yuan to close at 102,600 Yuan per ton.

Raw silk achieved the largest increase in nearby week contract, which rose 3,900 Yuan to close at 358,500 Yuan per ton, contract 10121 rose 2,000 Yuan to close at 360,000 Yuan per ton, the most active contract 11033 rose 900 Yuan to close at 358,800 Yuan per ton and forward month contract 11093 rose 2,900 Yuan to close at 334,000 Yuan.

In recent days, cocoon and silk supply was relatively tight in the spot market and spot prices seemed firm, however the Chinese domestic market faces many uncertain factors.

India will make public tender for 100 tons raw silk under duty-free import quota by the end of December and should raise hopes of Chinese raw silk exporters, but it is unknown whether India will release more quotas for duty-free imports, or whether India will stick to its announcement made previously, saying that it will import 2500 tons raw silk under duty-free quota in March.

There seems no substantial force to push the market, either up or down in recent time, therefore the market is expected to maintain its high-level consolidation.

Fibre2fashion News Desk - China


Must ReadView All

Apparel/Garments | On 27th Jun 2017

Vietnam to build fashion, textile, trading centres

Vietnam's Ho Chi Minh City will build large centres for designing...

Textiles | On 27th Jun 2017

Barcelona’s Unitin develops recycled Indigo yarns

Unitin, a trademark of Industrias Morera SA and a leading textile...

Information Technology | On 27th Jun 2017

ThreadSol to bring fabric solutions to Thailand

ThreadSol, an enterprise material management provider for the sewn...

Interviews View All

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

DK Sharma
Velocity Apparelz

We constantly communicate with employees at all levels

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Larry L Kinn
Suominen Corporation

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

Steve Cole
Xerium Technologies

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

Karan Arora
Karan Arora

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

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

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