Singapore stock levels rose despite global destocking

Stocks of raw materials and semi-manufactured goods fell for the second quarter in 4Q10, HSBC said.

As the Singapore's stock levels rose along with India, Saudi Arabia, Czech Republic, South Africa and Mexico, inventory levels fell in China, Brazil, Poland, Taiwan, South Korea and Israel.

Russia recorded by far the sharpest rate of stock depletion in Q4.

However, HSBC said the rate of destocking was only marginal, and slightly slower than in Q3.

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