WEEKLY: Chinese traders' stainless steel stocks rise further

Total inventories of finished stainless steel in commercial warehouses in Wuxi and Foshan, China's two main stainless steel trading hubs, mounted further during October 1-9, the period that coincided with China's National Day week holiday.

During the period, the stocks total rose for a second week by 32,277 tonnes or 3.4% from the end of September to reach 969,464 tonnes, according to Mysteel's latest weekly survey. The survey covers 50 warehouses in Wuxi in East China's Jiangsu province and 28 warehouses in Foshan in South