Steel Guru: "Ton Yi Industrial Corporation allocation for the Q2 has been fully booked and its buyers have accepted price hike.
Normally, the Q3 is hot season for beverage market and accordingly tinplate demands are expected to rise. Because of uncertainty on the Q3 steel price, the company would like to take conservative attitude toward the tinplate market.
Market analyst said that rising RMB currency is favorable for Ton Yi Industrial Corporation because its sales in China accounts for about 50% of its total sales."
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