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Enterprises carry alarmingly low levels of cotton inventory
10
Jul '09
According to sample survey by the National Cotton Market Monitoring System, as of July 6, the average inventory level of surveyed cotton enterprises was about 27.04 days.

Nationwide inventory of the cotton industry was about 697,500 tons, down 31.66 percent year-on-year, and 4.18 percent from the previous month, when calculated on national annual spinning consumption of 9,418,400 tons and average daily use of 25,800 tons in 2008/09.

Cotton industries of Shanghai, Anhui, Shaanxi held relatively large stocks.

Fibre2fashion News Desk - China

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