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We are an apparel company based in Australia and have a unique research task we require assistance with. We are considering a new project opportunity surrounding silk textiles from China and we are hoping to become more informed on pricing of silk yarn textile in China, which is likely to be linked to one or two raw silk related commodity pricing. This research task is twofold
1. We need to identify the main commodities or inputs which impact silk yarn pricing. For example, the article below talks about pricing of silk cocoons and raw silk which impact the cost of the textile. As with economics, shortages of key inputs will result in price increases, or demand increases will also drive the price higher
2. Once we understand what are the main commodity inputs that are a good proxy or guide for silk pricing movements (e.g. silk cocoons or raw silk) we would then like to find a way to track the pricing over the past 12 - 18 months. We are hoping there is some sort of index which may provide the price of a key input daily or weekly. We should then be able to look over the period and see a trend that pricing has increased, decreased or remained relatively unchanged.
The article below, published recently suggests silk pricing has declined in January. The article references one of China's largest silk producers, and further research of this company may shed some light as to where can can procure additional silk pricing details.
Please note, we are focused on China's silk industry. Furthermore we would also be interested in articles providing ideas on the outlook for silk pricing in the next 6 months.
Please feel free to request clarification of any element of this task and we look forward to hearing from you.
Skills: economics, research