1, the export tariff reform: abolish tariffs on most tungsten

Customs Administration: State Council approved the adjustment of export tariffs on some products, as follows: First, the elimination of export tariffs on steel particles, rare earths, tungsten, molybdenum and other products. Second, the aluminum timber products such as zero-rated exports. Third, the above adjustments effective from May 1, 2015.

2, the resource tax reform: ad valorem

Rare earth tungsten and molybdenum resource tax reform, starting from May 1, 2015, will be levied starting from the amount valorem, and not to increase the corporate tax burden in accordance with principles reasonably determine the tax rate. While further clean up and standardize the charges, the rare earth tungsten and molybdenum mineral resources compensation rates drop to zero, stop expropriation price adjustment fund, ban related charges fund local governments below the provincial irregularities established.

3, tungsten businesses temporarily wait and see

Although customs duties and resource tax reform message has been officially released, but the market is still waiting to see the main businesses, tungsten prices and no significant fluctuations, mainly are: ① domestic tungsten market demand remained weak, the lack of direct ore upward price momentum; ② business in the hands funds are tight, caution; ③ time policy reform and the principles generally published, but the resources tax and other relevant details were not clear.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Tungsten smelter home started smoothly, little change compared with early, dragged down by weak demand, support the abolition of tariffs, the recent market sentiment thicker material ore prices stabilize or temporarily based.

Macro level, 18 regions in the first quarter GDP outperformed the national Academy of Social Sciences forecast annual GDP growth of 7%; the central bank experts deny China Version QE: not the direct purchase of new local government bonds; or will the Fed raise interest rates in September.


Tungsten Manufacturer & Supplier: Chinatungsten Online - http://www.chinatungsten.com
Tel.: 86 592 5129696; Fax: 86 592 5129797
Email:  sales@chinatungsten.com
Tungsten & Molybdenum Information Bank: http://i.chinatungsten.com
Tungsten News & Tungsten Prices, 3G Version: http://3g.chinatungsten.com
Molybdenum News & Molybdenum Price: http://news.molybdenum.com.cn

Tungsten market: tungsten smelter home started smoothly, little change compared with early, dragged down by weak demand, although customs duties and resource tax reform message has been officially released, but the market is still waiting to see the main businesses, tungsten prices and no significant fluctuations. Most manufacturers offer concentrated outside the mainstream in 12.4-12.5 yuan / ton (cash), 125,000 yuan / ton offer rarely heard, upper and lower limits of the relative price range last week slightly lower. Actual transactions, APT low turnover even 123,000 yuan / ton. Recent market sentiment thicker material ore prices stabilize or temporarily based.

Tungsten market: Although most of tungsten products export quota is about to be canceled, but the current domestic tungsten price support is very limited, APT products continued sluggish sales, cash transaction prices continue to decline tentative. Home smelter operational difficulties, little enthusiasm for production, but the money was plentiful manufacturers are actively procuring low raw material tungsten concentrate, tungsten continue this week quoted slightly lower range limit.