SILK MARKET REPORT

OCTOBER – NOVEMBER 2019

 

CHINA
New tussah cocoons came out at the end of October. The production is similar to last year, but the price has increased by around 10% and the tussah silk filament increased by around 20% sharply in November. As per Tussah top, the price is stable due to a positive demand and most of the cocoons are used for silk quilts which were more profitable and sold well throughout this season.
Mulberry cocoons season was finished before the end of October. Stock cocoons are mainly used for silk quilts. As per tops, the prices and demand are still steady. So the prices have not changed although the price of cocoons went up 20% in October. Close to the end of the year, prices come down to a reasonable level.
All in all, the market has been quiet, with the exception of tussah filament and silk quilts. Without growing demand, the offering prices have recently stayed stable.
Even if the Chinese New Year is approaching soon, both market activity and prices should continue to stay stable with no big changes to be expected.

SILK MARKET REPORT

July – August 2019

 

CHINA

Due to smaller production on new cocoons, which is 30/40% less than last year, the price of raw silk increased 30% from mid July. Good materials are limited both on mulberry and tussah. As the silk quilts business rebound, the prices of kibiso and tussah cocoons increased 20% even though the market of silk tops is still quiet.

SILK MARKET REPORT

April 2019

CHINA

The new mulberry cocoons came out from Guanxi Province in April of this year. The price is 30% lower compared to last year while production is 35% lower than last year. The market for raw silk shrank noticeably during the last season therefore farmers stopped seeding their silkworms. This leads to a sharp decrease of new cocoons.

SILK MARKET REPORT

February – March 2019

CHINA

As per silk, the price of Kibiso silk went down due to a quiet market. With the VAT reduced from 16% to 13% from April 1st, the price for materials has reduced accordingly. The price of raw silk is still in low position, which might lead to lower price for new cocoons which will come out during the mid of April.