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MYSTEEL: China traders' stainless stocks retreat 3.5%

ABSTRACT

Over November 26-December 2, total inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs under Mysteel's survey, shrank by 3.5% on week after two weeks of rises. Survey respondents cited the modest improvement in buying from end-users and the decline in deliveries to the surveyed warehouses.
As of December 2, the total volume being warehoused had thinned by 21,928 tonnes on week to 598,563 tonnes, though it was still 53,400 tonnes or 9.8% higher on year. Among the total, stocks in Wuxi in East China's Jiangsu province reversed down by 3.2% on week from a three-week

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