According to the price monitoring of SunSirs the domestic cocoon market rebounds slightly. As of December 25, the average price of the dry cocoon market was 124,000RMB/ton, up 1.22% from the previous trading day, down 5.70% from the beginning of the month; the average price of the raw silk market was 370,000RMB/ton, down 3.39% from the beginning of the month. At present, the price of dry cocoon in Jiaxing, Zhejiang Province is 120,000RMB/ton, the price of raw silk is 365,000-385,000RMB/ton, the price of dry cocoon in Guangxi Province is 128000RMB/ton, and the price of raw silk is 375,000RMB/ton.

In the international market, as of December 24, the price of Indian cocoon silk market is 280-480 rupees/kg for hybrid cocoon, 500-925 rupees/kg for bivoltine cocoon, 370-400 rupees /kg for polyvoltine cocoon and 3,050-3,750 rupees /kg for bivoltine silk.

Due to Christmas, new year's day and other shopping holidays, the downstream consumer demand has been stimulated to some extent, and the cocoon silk trading atmosphere has warmed up. In addition, with the end of the winter order transaction, the pace of looking for samples, proofing and placing orders in spring and summer in the market began to speed up. Among them, the transaction of polyester grey fabric products such as crepe, hemp and chiffon improved, and the inventory of some manufacturers decreased.

In terms of import and export, from January to October, China's total import and export of real silk goods amounted to US $1.653 billion, down 38.88% year on year, accounting for 0.67% of China's total import and export of textiles and clothing. Among them, the export value of real silk goods was US $1.463 billion, down 41.93% year-on-year, accounting for 0.65% of China's textile and clothing exports. Over the same period, the export volume of textiles and clothing decreased by 2.65% year on year. The import volume was US $190 million, an increase of 2.72% year on year, accounting for 0.93% of the import volume of textiles and clothing. In the same period, the import of textiles and clothing fell 6.71% year on year.

Analysts of the SunSirs believe that holiday consumption drives back-end sales, and the price of cocoon silk market has been boosted by this. However, this year's overall situation of the textile industry is not good, and the enterprise's capital chain is very tight, especially near the end of the year. In order to collect funds, most of the enterprises are reducing prices to remove inventory. Some silk factories in Hangzhou, Jiahua, Huzhou and other places have also taken double rest and extended double rest to deal with the problem of insufficient inventory increase and order follow-up. It is expected that in the short term, the market of cocoon silk will be subject to weak adjustment.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.