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Tong Ming and YC Inox See Rising Q2 Sales
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2014-04-28
With the international nickel price reaching the highest point at NTD 18 thousand per ton and the stainless steel market performing well, the operation of downstream companies like Tong Ming and YC Inox in Q2 is expected to hike again.
 
The artificial person analyzes and points out that, under the influence of India’s prohibition against laterite-nickel export, the price of nickel is steadily increasing and is expected to continue the increase in a short term. The quotations of companies in the upstream like YUSCO and Tang Eng Iron Works in the first 4 months of 2014 show 3 months of increase and one month of flat development. The price of stainless steel per ton has escalated to nearly USD 200.
 
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