Demand Recovery Is Relatively Slow, Short Term Cocoon Silk Market Will Be Stable And Weak.

According to the price monitoring of the business community, the domestic cocoon silk market has been decreasing slightly since February. As of February 21st, the average price of dry cocoon market was 119750 yuan / ton, 4.51% lower than the beginning of the month, and the average price of raw silk market was 375750 yuan / ton, which was 0.66% lower than that of the beginning of the month. At present, the price of dry cocoon is 113000 yuan / ton in Jiaxing area of Zhejiang Province, the price of raw silk is 370000~380000 yuan / ton, the price of dry cocoon in Guangxi area is 126500 yuan / ton, and the price of raw silk is 381500 yuan / ton.

International market, as of February 20th, India cocoon silk market price quotation, hybrid cocoon 391-490 rupee / kg, two cocoons 575-1400 rupee / kg, cocoon 400-530 rupee / kg, two silk 3750-3950 rupee / kg. (1 rupees =0.098 yuan)

The downstream textile industry is a labor-intensive traditional industry. At present, the factory is actively resuming work and resuming production, but the demand recovery is relatively slow. From the view of Guangxi silk mill, most of them are expected to start construction in the middle of 2. The shortage of staff is an important factor affecting Guangxi's resumption. At the same time, the shortage of factory protective materials and the shortage of raw materials also restrict the process of resuming work. It is expected that the factory will gradually improve in the near future. There is still a certain distance between Zhejiang's silk and silk factories in order to resume their work in full scale. Silk and silk factories in Sichuan are also working hard to return to work. Most of Jiangsu, Jiangxi and Anhui have resumed work. Most of them are still waiting for government notification.

Business analysts believe that, first of all, the delay of rework and reemployment affects the normal production of cocoon silk factories. Secondly, the terminal demand, the closing of shopping malls and stores will result in a reduction in the consumption of silk fabrics in the short term. In addition, logistics and transportation will be limited and export will be affected. Therefore, the price of cocoon silk will be stable and weak in the near future. It is expected that with the gradual orderly resumption of enterprises, the market will also usher in a good turning point.