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MYSTEEL: China traders' stainless stocks rise 1.4%


Inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs, resumed climbing during August 12-18, mounting by 1.4% on week to 627,537 tonnes after the short-lived retreat over the prior week, according to Mysteel's latest weekly survey.
Among the total, stainless stocks in Wuxi in East China's Jiangsu province reversed up 5.4% on week against the previous on-week dip of 1.5%, while the volume in Foshan in South China's Guangdong province continued to fall but at the slower pace of 9.5% on week, compared with the on-week


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