This week(July 22nd), the China Cocoon and Silk Coordination Office has completed the 2024 National Raw Silk Reserve Collection Project reviewing work. According to the relative announcement, 50 bids of 5A grade raw silk have been collceted with a total of 300 tons. Subsequently, based on the procedure, the winning bids will be inspected and then put into warehousing.
According to the bidding results, the price range of the top 50 bids was between 545,800 yuan and 577,400 yuan/ton, and Guangxi enterprises are the majority, with 39 bids, accounting for 78% of the total. It was followed by 5 bids in Zhejiang, 3 bids in Anhui, 2 bids in Shanxi, and 1 bid in Yunnan.