Zhongyin Cashmere Industry ((000982): Cashmere Is A Kind Of Precious Textile Raw Material, And Its Output Is Scarce

Some investors have asked the cashmere industry of Bank of China that China has been the world's largest producer and exporter of silk and cashmere over the years. But in terms of rarity, cashmere seems to be more than silk. Is the real market situation the case? Cashmere is more expensive than silk, and the output is much less than silk, and the output has been decreasing year by year in recent ten years?

The company replied, "Hello! Your question is very professional. According to public information, cashmere is a kind of precious textile raw material, and its output is scarce. It is considered as "diamond of fiber", "Queen of fiber" and "soft gold". However, I have not conducted a comparative study on the use and market of cashmere and silk, so it is difficult to answer your question. It is suggested that you consult a professional research institution. Thank you for your attention!