Jiaxing Market: Cocoon's decline in attitude has not been changed

Spot market: In the fourth week of November, the silk stock market continued its downward trend. From the price data shown, the average price of the domestic 3A-class commodity seizures was around 308,000 yuan/ton at the beginning of the week, and the average price at the weekend was about 345,000 yuan/ton. This week, the rate of decline reached 1.1%, and the market further entered a weak state. The silk in Jiangsu and Zhejiang Weixian has been falling this week, the price has dropped back to less than 300,000 in the weekend, and the price of the commodity inspection silk in Guangdong and Guangxi has dropped by a few thousand yuan. The overall fall in prices in the major regions led to a rapid decline in the silk market this week. Since this week, with the re-declining of the silk market, some people think that it is a state of bottoming out, but from the perspective of the industry's market, the strong support factors in the silk market should not have emerged. The cognac market also showed a downward trend this week. This week the Cognac fell about RMB 2,000/ton. This is also a factor that has affected the downstream market for raw silk.

Electronic disk market: As with the spot market, this week saw a more obvious decline in the disk, the main contract fell significantly in March, from the beginning of the main contract fell to 300,000 on Monday, then it has been down, know that the weekend market was a little smooth, but sad The atmosphere spread, and 300,000 miles are getting farther and farther. Judging from the two markets, the trend of the disk is almost the same, this week, the main decline in price, the composite index, the reeling prices are basically around 295,000 in the weekend. The only thing that is gratifying is that the near-week contract is still sticking to more than 300,000 yuan, which is only slightly lower than the spot price. This week, the turbulence on the side of the market was a few times close to the 60-day moving average. From the current trend, the 60-day moving average is likely to be at risk.

Market commentary analysis: Obviously, one of the reasons for this week's drop in prices was that Qiuqi gradually withdrew from the market, and silkworm work basically ended. Therefore, the strong price support from Xinyi's high quality has gradually faded away. Therefore, there was a drop in spot or plate prices this week. The spot fell, the plate appeared a long sideways, and the silk market once again fell into a stalemate last month. The news from the workshops is that it is now the end of the autumn season when Qiu Jun will be listed in the spring market. Therefore, the market generally does not experience large fluctuations, and the probability of a big drop is small. In a comprehensive view of the silk industry in the recent period, more than 90,000 cognacs and more than 300,000 silks are in fact more stable for many thick and silk factories than they were before. Still good. The downturn in the consumer market is an important reason for the lack of support for the silk market, coupled with the current end of the national autumn harvest, the current industry downstream procurement in general, the upward support for the reel prices has declined; followed by the European debt crisis continues to constitute commodity prices The crackdown has had a huge impact on the consumer market in Europe and the United States. The issue of *** has been restricting the export of domestic silk and silk enterprises. The external market has always been difficult, the overall decline in domestic and foreign bulk commodities has not been changed, the external lack of favorable factors to support the silk market.