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 rose during January 16-22 after the continuous fall over the prior seven weeks, with the total tonnage edging up by 1,792 tonnes or 0.2% on week to 810,541 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 survey period, stainless steel inventories at warehouses in Wuxi slipped by a tiny 0.5% on week, while the tonnage at warehouses in Foshan