Home / Knowledge / News / Textiles / Cocoon & silk prices close lower on May 24
Cocoon & silk prices close lower on May 24
25
May '11
Cocoon and silk contracts in Guangxi market generally opened higher but moved lower on May 24. However, trade activities were deserted.

Nearby week contract 054 of dry cocoon closed at 117,500 Yuan, contract 062 closed at 116,000 Yuan, contract 093 fell 600 Yuan to close at 114,900 Yuan, contract 097 rose 600 Yuan to close at 116,000 Yuan. There was no report of transaction in the afternoon; Dry cocoon market was under great pressure, as overall raw silk market fell down in the afternoon.

Raw silk market opened higher in the morning, but all the contracts collectively turned around in the afternoon.

The main contract 093 fell 3,600 Yuan to close at 365,000 Yuan, contract 054 rose 500 Yuan to close at 393,000 Yuan, contract 063 fell 2,600 Yuan to close at 380,400 Yuan, contract 073 fell 2,700 Yuan to close at 374,000 Yuan and contract 083 fell 1,300 Yuan to close at 365,000 Yuan.

Purchase price of fresh cocoon in Southern Guangxi rose to 20-22 Yuan/ kg; in the north, it grew to 22-24 Yuan/ kg. Recent orders from downstream silk fabric factories are down and demand for raw silk has declined.

Fibre2fashion News Desk - China


Must ReadView All

Courtesy: Philippine Information Agency

Apparel/Garments | On 29th Jul 2017

Philippines govt issues guidelines for garment firms

The Department of Trade & Industry-Board of Investments (DTI-BOI) and ...

Textiles | On 29th Jul 2017

Bangladesh govt takes 8 jute mills back from private firms

The Bangladesh government has taken 8 jute and textile mills back...

Textiles | On 29th Jul 2017

Textile machinery orders grow in second quarter: ACIMIT

ACIMIT, the Association of Italian Textile Machinery Manufacturers...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Headhonchos
Indian textile value chain

'One nation, one tax' is a great concept

Lynda Kelly
Suominen Corporation

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

Giorgio Mantovani
Corman S.p.A

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

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Anisha Chaudhari
Threads & Shirts

Threads & Shirts is a freshly-tailored concept providing men/women a...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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

July 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
61.1%
No
22.2%
Skip
16.7%

Total Votes: 18

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
33.3%
No
44.4%
Skip
22.2%

Total Votes: 18

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
83.3%
No
5.6%
Skip
11.1%

Total Votes: 18

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
50.0%
No
11.1%
Skip
38.9%

Total Votes: 18


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



X