Search
Info Center
Home > Info Center > CCSE Review
Return
ReturnSURESH MEHTA ANALYSIS(13)--Review on silk market(Dated on Dec. 27)
Author：
admin
PublishDate：
2005-12-28 14:37:00
Hit：
519
Raw silk :
2006 is around the corner and we are witnessing the final price jump in raw silk . where will it end ? no one dares to guess or make an
assumption . however it is time for raw silk to stop its upward movement and remain stable for few weeks as the demand from india is reducing substantially and with raw silk 20/22 expected from uzbekistan ,vietnam and brazil next month . it may lead to a price correction in india and chinese exporters may get stuck with high value cargo and few buyers. it is a bad situation for all. correction of prices is required in china now for a robust flow of orders from india.
Dupion
dupion momentum is gaining strength and it seems like it still has some room to go up . the real demand for dupion expected in 2006 however the initial round of buying is over from india at lower levels and may take some time for the next momentum to start . hopefully in late january 2006
Tussah
tussah is remaining steady in india and seems will do so for some time as the import volume and demand is equal now so locally further
movement can be expected if quotes from china go up.
Fabric
fabrics finally got the deserved attention and the jump overnite caught every one unawares , the situation is strange with many buyers but the new quotes are making them hesitant to buy ,this may be a short gap and then the buying will start again after the buyers come to terms with the new prices.
Bangalore open market prices
raw silk yarn 20/22 rs 1675.00
dupion 100/120 - rs 1210.00 normal rs 1250 top mills
tussah 33/37 - rs 1550.00
thrown silk - rs 1690.00
organzine - rs 1750.00
