WEEKLY Chinese traders' stainless stocks rise slightly

Total inventories of finished stainless steel in commercial warehouses in Wuxi and Foshan China's two main stainless trading hubs increased slightly over November 21-27 after the dip over the prior week, with the total volume up by 7,836 tonnes or 0.8% on week to 935,233 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 in Foshan in South China's Guangdong province. Stainless steel inventories rose at warehouses in both Wuxi and Foshan during the latest survey week, with the tonnage in Wuxi up by 1% on