Most tungsten products abolition of tariffs, market sentiment concentrated

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.


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