Guangxi Cocoon Keeps Its Stalking Trend &Nbsp; The Market Remains Unchanged.
This week
Guangxi cocoon silk
Continue to maintain the trend of stalemate, but raw silk has a slight strong performance, most of the contract price near the far 300 thousand price again, and then pull back at this price.
Saw
Since then, it has always been more than 300 thousand, and has a strong foundation. The dry cocoon is near weak and far strong. The price in the far month is broken by 100 thousand, and the price in the near future is hovering around 90 thousand - 95 thousand.
Most of the cocoon silk contracts were opened, and the trend of low opening began to continue.
Dry cocoon nearly 11113 yuan in the past week fell 700 yuan to close at 90800 yuan, 12033 yuan in the far month fell 200 yuan to close at 98400 yuan, the dry cocoon total turnover 28 batches and the total order 239 batches.
Fall
1300 yuan to close 302000 yuan, 154 batches, 10 batches, 1422 batches, 8 batches, raw silk total 244 batches, 1829 orders.
Judging from the recent market performance, the commodity market fluctuates frequently. On the external fundamentals, the US economic recovery is weak and European debt problems continue to cause panic among investors. The European debt problem is undoubtedly a blow to market confidence, and the macro level of negative interest makes the commodity market uneasy, causing the market to fall back and forth.
Technically speaking, raw silk has been overcharged by 12033 this week, but today it has fallen below the 5 day moving average. However, it still keeps a steady upward trend from the medium and long average. However, there is a lack of strong basic support at present. It is estimated that there will be a slight shortage of hyperkinetic energy in the future market. Most of them will also be dominated by concussion. Other cocoon silk contracts on the entire surface will also be kept in a range of shocks, so that it is advisable to wait or see carefully or operate with caution.
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