Lack of demand side support, cocoon silk prices slightly consolidated

According to the price monitoring of the business agency, the domestic cocoon and silk market price was slightly adjusted this week (may 2-may 6). As of May 6, the average price of the dry cocoon market remained 128000 yuan / ton at the beginning of the week, up 0.39% year-on-year. The average market price of raw silk was 390125 yuan / ton, down 0.16% from the beginning of the week and 1.55% year-on-year. This month, the market is dominated by narrow consolidation, and the trend is calm.

Azodicarbonamide (AC foaming Agent)

 

In terms of the purchase price of spring cocoons, the purchase price of spring cocoons in all parts of Guangxi continues to be listed, and the purchase price of spring cocoons has increased slightly. At present, the purchase price in Yizhou is maintained at about 44-46 yuan / kg, that in Liucheng county is maintained at about 43-46 yuan / kg, that in Xincheng County is maintained at about 40-42 yuan / kg, that in Huanjiang County is maintained at about 40-45 yuan / kg, and that in Napo County is maintained at about 44-48 yuan / kg, The purchase price of Pingguo County is maintained at about 46-47 yuan / kg, which forms a certain support for the recent price.

 

In terms of demand, there is not much good news in the downstream consumer market. The spot price is weak and stable, the transaction is light, the downstream production and sales are weak, the product shipment in the end consumer market is not smooth, the downstream weaving, processing and production enterprises purchase on demand, and there is still a lack of substantive guarantee for the promotion of the market. In the future, it will continue to consolidate in a narrow range.

 

Business analysts believe that the upstream raw material supply is sufficient and the cocoon cost has a certain support for the market, but the downstream demand has not recovered significantly. Raw silk lacks the basis for forming a long-term upward trend, and the probability of continuous shock consolidation in the future market is still too high.

http://www.lubonchem.com/

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