China's warehouse storage sector continues to expand in November

Time:2019-12-03 11:30:30      Source: xinhuanet.com

China's warehouse storage sector continued to see robust activities in November, industrial data showed.

The index tracking the sector's development climbed by 3.5 percentage points over the previous month to reach 54.4 percent in November, according to the China Federation of Logistics and Purchasing.

A reading above 50 percent indicates expansion, while one below 50 percent reflects contraction. The index had stayed above the boom-or-bust line for four consecutive months.

Booming e-commerce activities were reported last month as many Chinese consumers went on a shopping spree during an annual online shopping festival.

The sub-indices for business volume, inventory turnover and profits all increased over October.

The warehouse storage market is expected to remain steady growth as the new orders and business prospects sub-indices stayed in the expansionary field.

Index RMB/t DoD Basis Date
Datong 5500 700 0 ex-mine 05-04
Shuozhou 5200 680 0 FOR 05-04
Ordos 5500 700 0 ex-mine 05-04
Yulin 6200 780 0 ex-mine 05-04
Liulin Low-sulphur 900 0 ex-mine 05-04
Gujiao Low-sulphur 1770 -50 FOR 05-04
Xingtai Low-sulphur 2360 0 ex-Factory 05-04
Yangquan PCI 1280 -30 FOR 05-04
Index RMB/t WoW WoW% Date
Qinhuangdao 507.0 1.0 0.20 05-04
Caofeidian 541.0 9.0 1.69 05-04
Huanghua 216.9 12.4 6.06 05-04
Guangzhou 291.2 3.0 1.04 04-27
coastal 6PPs 1629.8 44.7 2.82 07-02
North Ports 2697.8 53.0 2.00 02-01
Yangtze River delta 1242.5 -74.7 -5.67 02-01
South Ports 2233.4 -216.0 -8.82 02-01
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