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MYSTEEL: China traders' stainless stocks fall 1.1%

ABSTRACT

Inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs, emptied by another 8,192 tonnes or 1.1% on week over May 13-19 to reach 751,715 tonnes, according to Mysteel's new survey.
Among the total, inventories in Wuxi in East China's Jiangsu province decreased at the slower pace of 0.8% on week – compared with the on-week fall of 3.5% over the prior week – while the volume in Foshan in South China's Guangdong province slipped for the fourth week by another

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