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MYSTEEL: China’s stainless stocks gain 1.5% on week

Stainless steel inventories at commercial warehouses in Wuxi and Foshan, China’s two stainless trading hubs, reversed up over July 31-August 6 after having slid for three weeks, as more products had been delivered from producers to traders’ warehouses, Mysteel Global learned.
Mysteel’s latest weekly survey showed that the total tonnage at the two trading hubs came in at 474,508 tonnes as of August 6, seeing a week-on-week increase of 1.5%, though it was still 2.8% lower on year. Among the total, stainless inventories in Wuxi in East China’s Jiangsu province,recovered by 3.1% on week after a

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