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MYSTEEL: China’s stainless stocks dip on low deliveries

Total stainless steel inventories at commercial warehouses in Wuxi and Foshan, China’s two core stainless trading hubs, began declining once more over September 18-24, dipping by 2.8% on week after mounting for the two prior weeks, mainly thanks to fewer consignments of stainless products arriving at traders’ warehouses and higher consumption among users, according to Mysteel’s latest weekly survey.
In fact, stainless stocks at the two hubsreached a five-week low of 449,491 tonnes as of September 24.Among the total,inventoriesin Wuxi, in East China’s Jiangsu province, reverseddown after the short-lived rise over the prior week, and those inFoshan in South China’s Guangdong provinceended their four-week climb over September 18-24 to post a week-on-week decline of


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