WEEKLY: Chinese traders' stainless stocks fall for 6th week

Total inventories of finished stainless steel in commercial warehouses in Wuxi and Foshan China's two main stainless trading hubs continued the downtrend over January 1-8, with the tonnage down for the sixth consecutive week by 15,218 tonnes or 1.8% on week to reach 818,001 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. During the latest survey period, stainless steel inventories piled at warehouses in Wuxi slipped further by 1.2% from one week earlier, and the volume in