WEEKLY: Chinese traders' stainless stocks rise 1% WoW

Total inventories of finished stainless steel in commercial warehouses in Wuxi and Foshan, China's two main stainless trading hubs, rose slightly during the week of May 29-June 4, with the tonnage increasing by 8,990 tonnes or 1% on week to 951,698 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 edged up during the survey period, with the volume in Wuxi rising by 0.5% on week, while stocks in Foshan grew