Spinners' Unsold Yarn/Fabric Inventories Decline
Source: Globecot Date: 2007-08-10
For several months, Chinese spinners have been complaining about the volume of unsold yarn stocks. Yarn inventories began to build in March and April and increased in May --according to the NCMMS survey, unsold yarn stocks averaged 30 days at the end of May. However, these inventories have been steadily declining; and at the end of July, stocks fell to 28.7, which represented a .55-day decline from June. Mills generally view unsold yarn stocks above 24 days as burdensome. Downstream, weavers are reporting a small improvement in conditions as well. In the Shijiazhuang market, increased sales of cotton grey fabric have been noted over the past ten days.
