Index Downward for Price and Quantity Shrinkage
Author: Aug 12, 2011 11:55
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168Tex News: Silk fabric price index this week is closed at 101.97 points, dropped 0.11 points. The downward factor is mainly for the drop of fiber price. The Federal Reserve announced this morning that the low interest rate will be maintained till the middle of the year 2013. Influenced by which, the U.S. stock bounced back, most of the future products price bounced back and the China future price bounced back all fronts. Cocoon silk price also began to increase, most cocoon silk contract closed up and the overall fluctuate price trend will be continued. Future products contract increased by 3900CNY, closing at 302400CNY, while the strike price is fluctuating around 300 thousand CNY for the buyer and suppliers’ negotiation. See from the quotation trend, cocoon silk quotation vibrated up, the short term rebound trend is terminated. In the future, whether it will hit a new peak, it is not ensured. Compare with the historic price trend, the present cocoon silk price is still relatively high. Through the continual price increase for the past two years, the downstream consumers are heavily battered. Currently, no matter export trade market or the domestic market, there are quite less orders. Now it may be said that the bear market in this slack season. On the whole, silk fiber price will continue downward consolidate. In order to avoid risk, plants prefer process according to orders. Therefore, both price and quantity shrank, silk index will continue downward.
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Editor: Candy From: 168Tex.com
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