NOTE: No news updates over Sept 20-21 due to the Mid-Autumn Festival in China.
UTC+8 ( BJT)

MYSTEEL: China traders’ stainless stocks down 3.6%

ABSTRACT

Total inventories of stainless steel at commercial warehouses in Wuxi and Foshan, China’s two core stainless trading hubs, emptied for the second week over July 23-29, down 3.6% on week to 498,171 tonnes as of July 29, largely attributed to the disrupted deliveries to the traders by the devastating Typhoon In-Fa, according to market sources on July 30.
Among the total,inventories in Wuxi in East China’s Jiangsu province fellfor the second week by 17,901 tonnes or 4.9% on week to 348,967 tonnes,while the volume in Foshan in South China’s Guangdong provincereversed down but by just 0.4% on week the prior week’s gain, the survey showed. Stainless Steel Stocks in Wuxi and Foshan Note: Including all the

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