According to the price monitoring of the business club, this week (5.30-6.3), the domestic cocoon and silk market held more upward sentiment, and the price focus continued to move upward. As of June 2, the average price of the dry cocoon market remained 130000 yuan / ton, down 6.47% year-on-year. The average market price of raw silk was 388037.5 yuan / ton, up 1.05% from the beginning of the week and down 7.39% year-on-year. This week, the prices of raw silk contracts in the domestic raw silk electronic disk rose, and the transactions were active. On the spot, some factories seized the opportunity to make transactions, and some were reluctant to sell.

On the market of spring cocoons, according to the forecast of Guangxi Meteorological Bureau, affected by cold air and low vortex shear, the rainfall in Guangxi began to strengthen from June 3, and the strongest period was from June 4 to 6. Due to weather factors, the listing of fresh cocoons in Hechi and other places in Guangxi has been affected to a certain extent. Some factories have recently reduced cocoon collection, and the overall cocoon purchase price has little difference. The listing price of fresh cocoons in Yizhou is mostly about 42-46 yuan per kilogram, and that in Xincheng is mostly about 42 yuan per kilogram. The spring cocoons from Xiangyun, Dali and Heqing, one of the main production areas in Yunnan, were listed from the weekend to the beginning of this week. The 3-4-day acquisition period has basically ended. The cocoons are priced according to their quality.

On the demand side, with the deregulation of the epidemic situation, the production activities in the Yangtze River Delta are expected to gradually return to normal, and the end consumption is expected to improve month on month. However, the current global economic environment is generally poor, and the terminal is about to enter the traditional seasonal off-season. Under the pressure of high inventory, the space for load increase will also be limited. Therefore, it is difficult to be optimistic about downstream demand, and the demand side drive for silk terminal products in the future is still insufficient, However, attention should be paid to the phased replenishment of terminal stocks and the strength of domestic steady growth policies in the second half of the year. At this stage, the price mainly follows the cost fluctuation, and closely pays attention to the trend of cocoon price. At the same time, it also needs to pay attention to the demand recovery and the conflict between Russia and Ukraine.

According to the analysts of the business agency, since the spring cocoon came into the market this year, the cocoon silk has remained strong, and there is a great possibility that it will continue to rise in the future market. The raw silk market is greatly driven by the rising raw materials, but it is still necessary to observe the acceptability of downstream links.