Silk Market Report
Published August 30th, 2018 by Marco Spina
The price of raw silk continued downwards over the last two months, but the price of new cocoons from Guangxi province has been still 20% higher than last July. At the same time, the production of new cocoons from Sichuan province increased 15% compared to last year.
The price of Kibiso, which is mainly used for silk tops, came down a little but still remained limited on good quality.
Tussah raw materials have faced a little decrease in pricing in July and August. The top makers are willing to sell the stock in this moment in order to buy new good materials.