WEEKLY: Chinese traders' stainless stocks at 2-mth low

Total inventories of finished stainless steel in commercial warehouses in Wuxi and Foshan China's two main stainless trading hubs maintained the downtrend during April 17-23, with the total tonnage down for the fourth consecutive week by 12,319 tonnes or 1.3% on week to hit a two-month low of 950,659 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. Inventories at warehouses in the two trading hubs both declined during the latest survey period, with the volume in Wuxi moving down by 1.1% on week, while the tonnage in Foshan