Jiaxing Market: Decline Of Cocoon Silk

Today (Friday), the decline in the disk has slowed down, the cocoon silk composite index fell 7.23 points to close at 37.2.22.

One thousand one hundred and seven Dry cocoon 120100 yuan was closed yesterday, 1107B silk fell 1200 yuan to close at 384300 yuan; 1109 dry cocoon rose 800 yuan to close at 121200 yuan, 1109B silk reported 372300 yuan unchanged from yesterday, 1203 dry cocoons rose 300 yuan, and 120300 yuan, 1203B silk dropped 600 yuan to close to 120300 yuan. All day dry cocoons traded 15 hands, B silk traded 153 hands. Today, the main contract volume of cocoon silk has changed little, and turnover has been positive.

Today, the main contract 1109B silk fell to 370 thousand near the rebound, the final closing on the 30 day moving average near the whole day to lower the shadow of a longer T font, the short term is a more positive signal, cocoon plays a supporting role.

The latest authoritative statistics show that China's textile and clothing exports totaled US $70 billion 255 million in the first half of April this year, representing an increase of 27% over the same period last year, and the growth rate increased by 11.29 percentage points over the same period last year. Before April this year, China's textile and clothing exports to the United States and Europe showed steady growth, and the Japanese market was slightly warmer.

In the context of the overall growth of China's major export markets for textiles and clothing, silk Textile SMEs also face some new contradictions and difficulties. The first is capital.

Now the policy of national macro-control is to put CPI (consumer price index) is in a reasonable range, so monetary policy is getting tighter and tighter.

With the size and growth rate of credit controlled by the state, it is more and more difficult for textile enterprises to obtain funds from banks. Another pressure is inflation. For textile industry, inflation is mainly manifested in the price of some production factors, such as coal, electricity, oil and gas. The textile industry also has a pressure from the market. This year, the global economy is in a period of slow recovery and climbing. Especially in some major economies, the US economy is unstable at present, while some mainstream European countries are good. But the European sovereign debt crisis has dragged down the euro zone economy of the European Union, and the inflationary pressure of other emerging economies is also very large. Therefore, the current economic environment of China's textile industry is still uncertain.