Silk Market ReportPosted on: June 06th 2018
Tussah tops keep quiet and the production has been smaller due to Chinese Environmental Protection Agency (EPA) and its stricter control. The price for raw materials are stable.
The price for new cocoons from Guangxi province comes down from the peak position in April. So does the price for Silk Filament. With these reasons and RMB goes weaker in the middle of May, the price for Silk Tops has decreased a little bit. The new cocoons from Jiangsu, Zhejiang, Shandong will start to come out from beginning of June. We will see the price of new cocoons here how they will affect market price.
On top of that, the home textile is still supporting on the price of raw materials. Although the exporting is not good, domestic market is increasing on silk purchase.