Fertilizer industry: strengthening the international competitiveness of the export tariff adjustments Comment
To promote the stability needed to adjust the structure of exports since July 1, 2009 onwards, China's export tariffs on some products to adjust.
Fertilizer and fertilizer raw materials for export tariff adjustment, the abolition of yellow phosphorus, phosphate rock, ammonia, phosphoric acid, ammonium chloride, re-superphosphate, fertilizer and other products of binary special export tariffs on yellow phosphorus to continue to levy 20 % of export tariffs on other phosphorus, phosphate rock continued to charge 10% -35% of the exports of the provisional tariff of ammonia, phosphoric acid, ammonium chloride, re-SSP, and other binary compound fertilizer products (including industrial use of chemical fertilizers) 10% uniform levy provisional tariffs on exports. Extension of urea, monoammonium phosphate, diammonium phosphate imposition of export tariffs for low season periods, the off-season urea export tax rate applicable to a one-month extension of time, monoammonium phosphate, diammonium export of the off-season rates apply to one and a half months time.
The export tax rebate adjustment is part of products in order to strengthen the competitiveness of the international market. Domestic chemical fertilizer market in March this year, the demand has been weak, urea prices fell 11%, DAP 30% year-on-year decline. Excess of domestic fertilizer production capacity, exports of excess production capacity to digest an effective way at home and abroad this year, product prices as a result of hanging upside down, the weaker demand in developed countries in agriculture, 1-April export 301,000 tons of urea, up 78.3 percent decline; export 471,000 tons phosphate yuan, down 40.1 percent.
The mainstream of the international urea price fob particular days for 230 U.S. dollars / tons, China's exports of urea 264 U.S. dollars / ton; mainstream DAP price of 285 U.S. dollars / ton (approximately 1946 yuan / ton). Therefore, we think in terms of urea, the tariff adjustment has little effect on prices at home and abroad play a decisive role in the foreign natural gas prices, because prices of domestic anthracite relatively stable recently. Phosphate price competitiveness of exports, the effect of policies necessary to refer to a specific chain in June, because June is the off-season before the adjustment.
The adjustment of the overall idea is to ensure the basic species (urea, ammonium phosphate) in agricultural demand and increase exports. Relatively speaking, a greater number of phosphate fertilizer business income.