资讯 1 10 英文网 298 Stocks 593362 China Industrial Cotton Stock (June) 2020-06-10 15:42:54 yangfang
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China Industrial Cotton Stock (June)
2020-06-10

NCMMS reported that by early June, average industrial cotton stock held by sampled mills totaled about 37.4 days, including port arrivals. This is up 1.7 days from previous month and up 4.6 days from a year ago.  

  

Based on this assumption, NCMMS pegs national industrial cotton stock at 721,000 tons, up 4.8% from a month earlier and  up 0.4% from a year earlier. Stock levels are various between provinces, with Jiangsu, Zhejiang and Hebei reporting the biggest stock this month. 

  

By early June, 64.9% mills intend to purchase raw material, up 14.9 points from previous month and up 21 points from a year ago. 31.2% are undecided, down 7.3 points from previous month and down 11.5 points from a year ago. 3.9% refuse to purchase, down 7.6 points and 9.5 points respectively.   

  

By early June, 94.8% mills maintain current cotton's share, up 7.6 points from previous month and up 5.9 points from a year ago. 1.3% intend to increase cotton's share, down 3.8 points and 1.2 point respectively. 3.9% intend to reduce cotton's share, down 3.8 points from previous month and down 4.7 points from a year ago.  

  

By early June, 50.6% report a healthy financial status, up 4.5 points from a month ago and down 4.8 points from a year ago. 35.1% report a poor financial situation, down 3.4 points and up 1.3 points respectively. 14.3% report a very difficult financial situation, down 1.1 point from previous month and up 3.4 points from a year ago.  

  

By early June, 66.2% mills report a normal workforce, up 0.8 point from previous month and 3.6 points from a year ago. 28.6% report a poor workforce, down 0.9 point from previous month and down 2.8 points from a year ago. 5.2% are in serious shortage of labour, up 0.1 point from previous month and down 0.8 point year on year.   

  

Sales ratio for yarn was 85.4% by early May, up 0.2 point and down 2.6 points respectively, down 11 points from recent 3-yr average. Stock totals about 29.2 days of sale, down 0.7 day from previous month, down 1.5 days from a year ago and up 9.4 days more than recent 3-yr average. Fabric report a sales ratio of 85.2%, up 1.8 points from previous month, down 6.7 points from a year ago and down 9.9 points from recent 3-yr average. Stock is equivalent to 46 days of sale, down 2.9 days from previous month, down 3.2 days from a year ago and up 3 days from recent 3-yr average.