WEEKLY: Chinese traders' stainless stocks rise faster on week

Total inventories of finished stainless steel in commercial warehouses in Wuxi and Foshan China's two main stainless trading hubs maintained the uptrend during the week of February 6-12 to reach 889,019 tonnes, increasing faster by 37,034 tonnes or 4.4% on week than the rise of 2.1% over the prior week, 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 at warehouses in Wuxi mounted by 2.9% compared to one week earlier, while the volume held in