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China Mill Inventories Build

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The National Cotton Marketing Monitoring System (NCMMS) monthly survey of cotton mill inventories found that mill stocks, as of November 7, had significantly increased since early October. The November survey revealed that average mill inventories had 36 days of consumption. Total mill stocks were estimated at 1.184 million tons, placing industrial stocks at the highest level since June. Zhejiang, Shandong and Hubei had the largest mill inventories.