Home / Knowledge / News / Textiles / Bulls still running amock in cocoon & silk markets
Bulls still running amock in cocoon & silk markets
Dec '10
Cocoon and silk prices in Guangxi market continued to rise, dry cocoon extended its steady gains, most contracts was over 102,000 Yuan mark, raw silk showed strong momentum, nearby week contract was close to 390,000 Yuan / ton.

Nearby week contract 10122 of dry cocoon rose 2,300 Yuan to close at 104,500 Yuan / ton, forward month contract 11033 rose 1,200 Yuan to close at 107,000 Yuan / ton.

Dry cocoon price has been steadily rising since the end of national acquisition, purchase price in various producing areas is 35-38 Yuan / kg, which sends strong support to high price of dry cocoon, and market price is expected to see less falling momentum before spring cocoon enters the market next year.

Raw silk rose significantly. Nearby week contract 10122 rose 12,000 Yuan to close at 383,000 Yuan / ton and a new historical high seems to be coming at any time. Forward month contract 11033 rose 9,000 Yuan to close at Yuan / ton, while contract 093 of next year gave an eye-catching performance as it rose 10,800 Yuan to close at 373,000 Yuan / ton.

After rising for days, cocoon and silk exceeded the 100,000 Yuan / ton and 380,000 Yuan / ton, mark, respectively. Currently the bulls as a major force still occupy the market, most traders holding nearby month contracts are cautious in face of current record highs.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Binoy Ravjani
Hero's Fashion

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

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Larry L Kinn
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

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

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

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

January 2017

January 2017

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


Browse Our Archives


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