Raw Silk Is Not Warm, But First Goes Down And Then Rises.
Last week
Cocoon filament
First fall and then rise, the central bank announced the increase of the deposit reserve ratio by 0.5 percentage points, plus the pre holiday interest rate increase.
Last Monday and two continued last week's trend and continued to fall.
There was a sharp rebound last Wednesday and continued to pull up two days after last week.
Dry cocoons are still not hot and dry for a week. The main reason is that there are not enough dry cocoons to circulate, and the cost of purchase has been fixed. The owners are reluctant to sell cocoons.
In general, the raw silk is still in a wide concussion situation. The contract performance in the far month is active, the 11093 continuous volume rises, the number of positions exceeds 700 batches, the Spring Festival holiday is getting closer and closer, most silk mills have been closed for business, and there are no signs of the basic trend. Many investors may want to gamble on the many factors of cocoon production and circulation this year, making the current concussion higher, but it still needs to be deliberated and cautious.
The cocoon market in India is earlier than ours. About March, fresh cocoons came into the market. Last year, the import of 2500 tons of duty-free raw silk has not yet been listed below.
For India
Importer
For now, about 370 thousand of us.
raw silk
Price is still a high price.
If India enterprises survive this period of time, waiting for the use of local raw silk is not a bad thing.
However, there is another key point now: the production of silkworm in India. What is the expected output of local enterprises? If the expected reduction of production is possible, the process of import can be accelerated.
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