Retail stocks of the five major finished steel items stored in the commercial warehouses across China that Mysteel regularly checks declined faster during May 8-14, compared with the dip the week before, the results of Mysteel's latest weekly survey revealed.

The Baltic Exchange's main sea freight index, a benchmark for global dry bulk shipping rates, has staged a strong rebound this week after a decline last Friday, climbing to its highest level in more than two years with all vessel segments posting solid gains.

To sum up, the live hog market is at a crucial bottomfirming stage. Price trends are expected to remain broadly stable, with movement likely confined to a narrow range, that is, the upward resistance is notably stronger. And a nearterm price breakout remains unlikely under the combined weight of ove