Home / Knowledge / News / Textiles / Cocoon & raw silk trends extend gains
Cocoon & raw silk trends extend gains
01
Apr '11
As the first batch of spring cocoon has arrived in the market in Hainan's Qiong County, the prices of cocoon and raw silk extended their gains further. In initial trading, purchase price of spring cocoon was quoted at 35 Yuan / kg. But industry expects average acquisition price of spring cocoon to surpass 40 Yuan / kg mark.

In the last few days, dry cocoon market has gained significantly. The trend continued on March 30 as well, with all contract prices breaking 110,000 Yuan per ton barrier. Actually, the lowest price recorded on the day was 111,000 Yuan per ton. On the other hand raw silk market also maintained momentum showing upward trend.

On March 30, dry cocoon contract 053 weakened by 1,800 Yuan per ton closing at 118,000 Yuan per ton while contract 063 rose by 2,800 Yuan per ton to close at 113,000 Yuan per ton.

In other varieties, contract 073 registered a rise of 2,400 Yuan and was quoted at 114,500 Yuan per ton and dry cocoon contract 093 was up by 2,200 Yuan at 114,000 Yuan per ton. In this segment trade volume was 16 lots with orders of 54 lots.

Dry cocoon contract 12033 too witnessed improvement in closing at 111,000 Yuan per ton, 1,900 Yuan per ton up from the previous day closing. In this variety, total trade volume was 36 lots and total orders stood at 124 lots.

In raw silk markets, nearby week contract 053 of raw silk recorded an increase of 300 Yuan per ton, closing at 393,500 Yuan per ton. Contract 043 improved by 900 Yuan to 392,800 Yuan per ton. This variety recorded trade volume of 26 lots and orders of 213 lots.

Contract 053 was 3,500 Yuan higher than previous day, closing at 391,500 Yuan per ton with trade volume of 26 lots and orders were 140 lots. Raw silk contract 063 added further 1,900 Yuan in its price, closing at 379,000 Yuan per ton while contract 073 rose 1,700 Yuan closing at 364,100 Yuan.

In the market, most active variety was contract 093, which recorded a hefty rise of 2,500 Yuan per ton, closing at 365,500 Yuan. This variety registered trade volume of 120 lots. The highest price rise was witnessed in contract 12033 which rose 4,000 Yuan to reach 363,300 Yuan per ton. For this variety, trade volume was 12 lots and orders were 32 lots.

As the seminar of 2011 National Cocoon Harvesting and Drying Work is being held in Xiamen, the industry expects new opportunities as well as challenges for the cocoon and silk sectors to prevail this year too.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Textiles | On 23rd Jan 2017

MagnaColours develops new sustainability standard

MagnaColours, manufacturer of printing inks and ink bases, discharge...

Courtesy: ZDHC

Textiles | On 23rd Jan 2017

ZDHC adds six new contributors for sustainability

Zero Discharge of Hazardous Chemicals (ZDHC) programme has added six...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Giorgio Mantovani
Corman S.p.A

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

Eamonn Tighe
Nature Works LLC

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

Ashok Desai
Bombay Textile Research Association

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

Rupa Sood and Sharan Apparao
Nayaab

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

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

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
January 2017

January 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