NOTE: There will be no news and data updates over January 31-February 4 due to the Chinese New Year holiday.
UTC+8 ( BJT)

MYSTEEL: China traders' stainless stocks at 1-year low

ABSTRACT

Inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs, declined for the seventh week over January 7-13 to hit a one-year low of 454,676 tonnes, as demand from end-users improved somewhat with the strength of stainless prices, according to Mysteel's latest weekly survey.
Total stocks at the two hubs were lower by 6,265 tonnes or 1.4% from one week before. Among the total, stocks in Wuxi in East China's Jiangsu province were almost stable, just up 0.1% on week, while the volumes in Foshan in South China's Guangdong province underwent a significant fall

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