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MYSTEEL: China traders' stainless stocks retreat 3.5%

ABSTRACT

Over May 6-12, inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs, retreated by 3.5% on week after the rise over the previous week, mainly owning to limited deliveries to traders' warehouses, though demand from end-users remained tepid, according to Mysteel's new survey.
Total stocks at the two hubs came in at 759,907 tonnes as of May 12, down 27,754 tonnes from the prior week. Among the total, inventories in Wuxi in East China's Jiangsu province reversed down 3.5% on week against the significant on-week growth of 10.2% over the prior week, and

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