WEEKLY: Chinese traders' stainless steel stocks rise slightly

Total inventories of finished stainless steel in commercial warehouses in Wuxi and Foshan, China's two main stainless steel trading hubs, rose during August 14-20 after the decrease over the prior two weeks, with the total tonnage nudging higher by 7,686 tonnes or 0.8% on week to 928,669 tonnes, according to Mysteel's latest weekly survey.

The survey covers 50 warehouses in Wuxi in East China's Jiangsu province and 28 in Foshan in South China's Guangdong province. Stainless inventories in both Wuxi and Foshan accumulated by varying degrees during the survey period, with the tonnage in Wuxi rising by 1.1% on week, and the volume in