According to the price monitoring of the business agency, the domestic dry cocoon market fell slightly this week (June 12-june 19), with the average market price of 94000 yuan / ton as of June 19, down 0.79% from the beginning of the week.

The raw silk market showed a slight increase, with the average market price of 292500 yuan / ton as of the 19th, up 0.69% from the beginning of the week. At present, the price of dry cocoon is 92000 yuan / ton in Jiaxing, Zhejiang, 290000 yuan / ton in raw silk, 96000 yuan / ton in Guangxi and 295000 yuan / ton in raw silk.

Since the acquisition of spring cocoon on June 6, Qianjiang District of Chongqing has taken many measures to ensure the smooth acquisition of spring cocoon and safeguard the interests of sericulture farmers. By June 13, the whole district had acquired 353780 kg fresh cocoon. In Fengdu County, Chongqing, the purchase price of cocoons in spring fell year on year. The purchase price was 25 yuan / kg, down 7 yuan / kg compared with 32 yuan / kg in the same period last year. At present, the purchase of spring cocoons in the north bank area has been completed on June 10, with a total of more than 1000 loads (50000 kg) of spring cocoons purchased. Nan’an area will be purchased on June 25, and it is expected to purchase more than 500 Dan (25000kg) of spring cocoon. At present, Yingde, a traditional sericulture producing area in Guangdong Province, is the second batch of cocoons to be listed on the market at a price of about 26-28 yuan per kilogram.

At present, the production and marketing pressure of raw silk in various grades is relatively large, and the overall turnover is less than May. Entering the middle of June, the off-season atmosphere of the textile and weaving market gradually deepened, and the stock moving speed was not as fast as that of the earlier stage. The market demand is insufficient. At present, the number of high-quality raw silk transactions has declined, and the transactions are mainly in small batches. The transaction situation is general. There is a brand gap between the prices of manufacturers. There is a slight gap between the negotiations of different customers in the factory, but the prices are still in a stalemate. It will take time for foreign trade orders in foreign markets to recover, and the effective situation of foreign sales still hasn’t been opened. For example, the price of raw silk in medium and low grade is not low according to the quoted price of cocoon, but the delivery price is not high, which to a certain extent affects the enthusiasm of trade, and the sales operation is not smooth. As a result, the delivery of goods reflects that some of them are slow and weak, and the financial pressure of silk factories is also increasing.

In terms of import and export, from January to April 2020, China’s total import and export of real silk goods amounted to 473 million US dollars, down 23.94% year on year, accounting for 0.62% of China’s total import and export of textiles and clothing. Among them, the export value of real silk goods was $413 million, down 23.91% year on year, and the import value was $60.329 million, down 24.12% year on year.

According to analysts of business club, domestic production has been restored to normal one after another, but the textile industry is still facing a severe situation, especially in the recent off-season atmosphere of the cocoon and silk market, the transaction power is obviously insufficient, with rigid demand as the main demand, orders can still maintain a small quantity of goods, but the subsequent connection is more difficult, the textile enterprises maintain a low startup, and the inventory slowly climbs. At the same time, there are still many uncertainties in foreign trade orders, and it will take time to recover. The market is not optimistic about the future market, and it is expected that the cocoon and silk market will be dominated by weak adjustment.