WEEKLY: China traders' stainless stocks jump 6%

Inventories of finished stainless steel at commercial warehouses in Wuxi and Foshan, China's two core stainless trading hubs, reversed up during September 15-21, with the total volume jumping by 52,946 tonnes or 6% on week to 938,815 tonnes, the highest since mid-May, according to Mysteel's latest weekly survey.

Stainless stocks in both Wuxi and Foshan accumulated during the survey period, with the tonnage in Wuxi in East China's Jiangsu province rising by 4% on week, while the volume in Foshan in South China's Guangdong province posted a sharper on-week rise of 9.3%, the findings showed. Stainless products delivered