Jiaxing silk market prices continue to fall On November 12th, the prices of various contracts continued to fall. The raw silk index fell 0.36% to close at 3,658.23 points. Raw silk: 131,115 fell 1800 to 373,200, 131,225 fell 1,500 to 373,320, 140,325 dropped 1,500 to 379,500, 140,925 fell 900 to 376,500; Cognac: 131,225 flat newspaper, 114,700. Today, 40 contracts were traded, and the position has increased slightly.

In 2013, the purchase of silkworm cocoon is about to end, and the high cost of raw material for cocoons this year is a foregone conclusion. The support of this paper is undoubtedly the reason why the raw silk market maintains its high position. This year, raw silk prices continue to rise steadily, making the cost pressure on downstream industries such as weaving, garments, silk quilts, and home textiles significantly higher than in previous years. Some garment companies have no choice but to replace real silk with cotton and chemical fiber, especially silk quilt products. In the case of growth, the first negative growth occurred in the first half of this year, and the apparent restriction of raw material prices on downstream processing began to become prominent.

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Necklace

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