The Ministry of Commerce decided to release 900 tons of national reserve factory silk
On the afternoon of May 31, the Department of Consumption Promotion of the Ministry of Commerce issued the “Announcement of the Ministry of Commerce on the Release of National Reserve Factory Silk.”
The quantity of silk labels from the warehouse reserve this time is 900.49 tons, which was put into storage in March 2015. The quality grade is 3A or above (including 3A grade), and the specification is 20/22D. For Baichang silk, please refer to the original inspection document for detailed quality information.
There are 150 packages in total, and each package is an independent bidding unit. The quantity per package is 10 batches (approximately 6 tons). The maximum bidding quantity for each enterprise is 5 packages (50 batches, about 30 tons).
The release of the raw silk reserve is in line with the State Council’s requirements since May to ensure the supply and stable price of bulk commodities work to keep the economy running smoothly.
The national silk reserve policy is one of the country’s important measures for macro-control of the cocoon silk market. It has played a good role in stabilizing and regulating the market. As an important means to ensure the stability of the cocoon silk market and the balance of production and sales, its application It depends on timely throughput according to market supply and demand. The adjustment of the state reserve has adjusted the supply and demand of the factory silk market.
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