WEEKLY: Chinese traders' stainless stocks dip 1% WoW

Total inventories of finished stainless steel in commercial warehouses in Wuxi and Foshan China's two main stainless trading hubs declined over October 11-16, with the tonnage moving down by 10,474 tonnes or 1.1% on week to sit at 915,716 tonnes, 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 slipped by 1.3% from the prior week, while the volume in Foshan posted a smaller fall