Guangxi Cocoon Silk Paction Fatigue Market Continues Stalemate Weak Trend

26 days

Recently, the autumn cocoons of the main silkworm producing areas in the north and south of Guangxi have been on the market. The quality of the cocoons purchased locally has declined somewhat compared with the previous period, and the purchasing prices have declined in varying degrees.

A few days ago, the purchase price of the second batch of autumn cocoons in northern Yizhou remained at 34 yuan / kg. The purchase price of autumn cocoons in Hengxian area of southern Guangxi was maintained at around 30 yuan / kg, and the purchase price of autumn cocoons in that area remained at 31 yuan / kg.

At the same time, the autumn cocoons of all silkworm areas in China are also gradually coming into the market. According to relevant reports, on the 25 day, the purchase price of autumn cocoons in Huzhou District of Zhejiang was 30 yuan / kg, and the purchase price of autumn cocoons in Yunnan Dali and Xiangyun district was basically at the price of 34 yuan - 37 yuan / kg, while in Chongqing area, the purchase price of autumn cocoons was more obvious than that of other provinces and cities, and the gap was more than 22 yuan - 24 yuan / kg.

Generally speaking, the purchase price of autumn cocoons in most parts of the country is running at a high level since the spring Cocoon acquisition this year. It is estimated that the cocoons are mostly between 290 thousand and 300 thousand. It seems that the possibility of falling cocoon silk prices is not great in the second half of this year.

On the disk, cocoon silk prices are expected to return to the high level.

On the other news, Premier Wen Jiabao said recently that if the RMB appreciated by 20%, China's export industry, which already had a small profit, would go bankrupt in large scale, which had to make the export oriented cocoon silk industry pinch. At the same time, since the middle of September, the central parity of RMB against the US dollar has risen to 6.7181, which is the fifth consecutive trading day of the RMB against the US dollar, which has hit a new high since 2005.

Most believe that the trend of RMB appreciation is expected to continue in the future.

Judging from the current situation, the appreciation of RMB has increased the cost and quotation of China's textile and clothing, thereby losing the low competitive advantage of our products in the international market to a certain extent, and the export will be restrained. It is estimated that the profit margins of many enterprises will be kept shrinking. It seems that if the RMB continues to appreciate, more and more textile enterprises will be faced with the danger of being eliminated.