WEEKLY: Chinese traders' stainless stocks mount during holiday

Total inventories of finished stainless steel in commercial warehouses in Wuxi and Foshan China's two main stainless trading hubs increased during October 1-10, with the total tonnage reaching 926,190 tonnes on October 10, rising by 66,075 tonnes or 7.7% from the end of September, according to Mysteel's latest weekly survey.

The sample size under Mysteel's tracking comprises 50 warehouses in Wuxi in East China's Jiangsu province and 28 warehouses in Foshan in South China's Guangdong province. Among the total, stainless steel inventories in Wuxi increased by 5.6% during the survey period, while those in Foshan posted a sharper rise of