According to the price monitoring of the Business Agency, the price of raw silk fluctuated at a high level this week. As of February 3, the average market price was 437975 yuan/ton, 0.12% higher than last week’s price (437450 yuan/ton), and 1.88% lower than the previous year; The dried cocoon market remained stable, with an average market price of 145000 yuan/ton, up 0.69% year on year.

This week, on the spot market, the overall price and trading volume of raw silk increased compared with the last trading week before the year. On high-quality raw silk, the trading performance of the first trading week of this week after the year was slightly better than that of the last trading week before the year. The transaction price of some units is higher than that of the year before, and the transaction price of some units is basically the same as that of the year before. On the whole, the price index of high-quality raw silk is higher than that of the year before. In terms of silk floss, since the end of the year, whether it is customer maintenance needs or just needs to get the goods, more or less deals have been made, and the price of some varieties is better than that before the year. As for dry cocoons, the expectation of the selling unit is higher than that of the year before due to the good start of the Spring Festival consumption and the increased cost of capital and other factors. However, the dry cocoon buyer does have a shortage of raw materials after the year, but the acceptance is limited, and the transaction is still difficult. In addition, the start of construction this week is gradually starting, and the dry cocoon continues to have no transaction data.

Downstream, although light textile markets in Jiangsu, Zhejiang, Guangdong, Shandong and other places have opened in succession, textile and fabric enterprises that have resumed production in advance after the festival have also opened the inquiry mode, and the whole industry chain is in good mood. However, due to the fact that weaving enterprises in Jiangsu, Zhejiang and other places are still in the state of resumption of production, and it is expected that the enterprises will resume work fully on the 15th of the first month, and the yarn procurement has not actually started (the wait-and-see atmosphere is strong). Although the stock of raw materials (yarn) is not high before the Spring Festival, we still hope to replenish the stock after the production is completely restored, and it still depends on the terminal orders. It is expected that downstream enterprises will resume work fully after the Lantern Festival, and the market will gradually enter the key stage of verifying demand.

Analysts from the Business News Agency believe that the stock of grey fabric enterprises is high before the year. Although the demand for raw materials will be expected to be good as the downstream production resumes, due to the slow recovery of the start of construction and the limited effect of the boost, it is expected that the short-term dry cocoon and raw silk market will be mainly subject to shock adjustment, and it is necessary to pay attention to the changes in the downstream demand in the future.