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 reversed up during the week of March 20-26 after the declines over the previous three weeks, with the total tonnage rising by 12,866 tonnes or 1.3% on week to reach 992,147 tonnes, according to Mysteel's latest survey.

The survey covers 50 warehouses in Wuxi, East China's Jiangsu province, and 28 in Foshan, South China's Guangdong province. Stainless steel inventories at warehouses in both Wuxi and Foshan mounted during the survey period, with the volume in Wuxi up by a tiny 0.4% on week, while the stocks in