The price of raw silk has increased by more than 10000 yuan in the past 10 days

After the Spring Festival, the domestic textile raw material market price adjustment is obvious. The spot prices of cotton, cotton yarn, chemical fiber, etc. are rising all the way. The prices of cocoon and silk varieties are also increasing significantly. The prices of raw silk are generally increased by more than 10000 yuan per ton. According to the price monitoring of the trading society, the average price of dry cocoon market is 112500 yuan / ton as of February 28, which is 4.17% higher than that of February 18 (the seventh day of the first month). The average price of raw silk was 349000 yuan / ton, up 3.71%.

 

In view of the sharp rise of raw materials, silk enterprises need to speed up the pressure of cost growth to the downstream terminals. At present, the difficulty of transaction has increased significantly. According to the Convention, the downstream weaving enterprises are earlier than the Silk Reeling Enterprises, and generally start work in a large area. However, most of the silk mills will start operation after January 15, Guangxi cocoon silk logistics will start ahead of schedule, but the shipment volume is less. On the one hand, most of the printing and dyeing factories have not yet entered the production state, and the quantity of the dyestuffs that can reflect the market situation is not clear; on the other hand, even if there are orders at present, they are likely to be overstocked orders before the year, and the order market after the year is still not clear.

 

In the international market, the export of raw silk to India is at a small peak after the Spring Festival in previous years. This year’s Spring Festival is relatively late. Since the Spring Festival, there have been few inquiries from India. In addition, affected by the epidemic, India announced on February 1 that in order to encourage its cocoon and silk industry, it would import Chinese silk products, and the tariff would be increased from 10% to 15%, and the tariff on silk and satin would be increased from 15% to 20%, which has been implemented since February 2. The costs of Indian importers have increased significantly, and the prices of related goods in the domestic market have also increased significantly. The prices of raw silk, silk and satin have generally increased by about 5-10% compared with those in January, some of which are higher, making it more difficult for the terminal to accept them.

 

Analysts of business news agency believe that the current high price of cocoon and silk needs to pay attention to whether it has a greater impact on the profits of downstream enterprises, whether the price / cost will be smoothly transmitted downstream, and whether it will affect the order quantity of silk fabrics and clothing, and whether it will suppress the demand side. At the same time, we need to pay attention to the export. With India’s tariff adjustment, it is expected to affect India’s enthusiasm for China’s import of raw silk in the later period.

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