Ten Numbers Of Non-ferrous Industry

- Dec 28, 2018-

Ten Numbers of Non-ferrous Industry

[943 points] On January 29, this year, the non-ferrous index reached its peak of 943 points, which was only 62 points lower than the peak of 1005 points (2012-1-31), after which the shock fell.

[13%] The Ministry of Finance announced on October 25 that in order to further simplify the tax system and improve the export tax rebate policy, the Ministry of Finance and the General Administration of Taxation have adjusted the export tax rebate rate of VAT for some products. The export rebate rate of lubricants, aircraft tyres, carbon fibers and some metal products will be raised to 13%.

[1.8%] BMI predicts that global absolute tin production will continue to grow due to increased production in Myanmar, Bolivia, Peru and Australia. The report predicts that from 2018 to 2026, global tin production will grow at an average annual rate of 1.8%, which is lower than the 2% growth rate in the previous nine years. The decline in growth was mainly caused by Asia, such as the decline in ore grade in Myanmar, while Indonesia was due to stricter environmental regulations.

[1.4 to 14 yuan] Since January 1, 2018, the Environmental Protection Tax Law of the People's Republic of China has been implemented, and the environmental protection tax has a historical inheritance on sewage discharge fees and mineral development protection fees. According to the regulations, environmental protection tax is declared and paid on a quarterly basis, starting from April 1 to 15, 2018. At present, the taxes of Heilongjiang, Liaoning, Jilin, Zhejiang, Anhui, Fujian, Jiangxi, Shaanxi, Gansu, Qinghai, Ningxia and Xinjiang are determined according to the low limit. The taxes of air and water pollutants are 1.2 yuan and 1.4 yuan per pollution equivalent respectively. Taxes of Shanxi, Inner Mongolia, Shandong, Hubei, Hunan, Guangdong, Guangxi, Hainan, Chongqing, Sichuan, Guizhou and Yunnan are in the middle level, with air pollutant tax ranging from 1.8 yuan to 3.9 yuan per pollution equivalent and water pollutant tax ranging from 2.1 yuan to 3.5 yuan per pollution equivalent. Taxes of Beijing, Tianjin, Hebei, Shanghai, Jiangsu and Henan are at a high level, with air pollutant tax ranging from 4.8 yuan to 12 yuan per pollution equivalent and water pollutant tax ranging from 4.8 yuan to 14 yuan per pollution equivalent.

[7,500 tons shortage] Data released by the International Tin Association on Friday showed that in 2019, the global tin supply surplus was 500 tons, mainly due to weak demand in China. In 2018, the global tin supply shortage was 7 500 tons.

[20,000 tons] Copper producer Cradle Arc will restart the Mouna Copper Mine in Botswana, with annual output increasing to 12,000 tons. More and more African countries are taking advantage of rising metal prices to develop mining assets.

[September 1] The coding standard for non-ferrous metals was formally implemented on September 1. From June 26 to 28, the "Coding Rules and Bar Code Marking" industry standard (hereinafter referred to as Coding Standard) propaganda meeting of the National Non-ferrous Metals Standardization Technical Committee and the previous period was held in Urumqi. Representatives of copper, aluminium, lead, zinc, tin and nickel non-ferrous metal smelting enterprises and futures delivery warehouses attended the meeting.

[80.80 USD/ton] Shanghai, Nov. 15, three people familiar with the matter said that Jiangxi Copper Smelter and Antofagasta, a Chilean miner, had agreed to reduce the processing and refining fees (TC/RCs) for copper in 2019 to $80.80 per ton and 8.08 cents per pound.

[6 yuan/hand] According to the announcement issued in the previous period, the handling fee for the NI1811 contract of the last period has been adjusted from 1 yuan/hand to 6 yuan/hand since the trading on August 3, 2018 (i.e. the night trading on August 2), and the handling fee for closing the current position has been adjusted to 6 yuan/hand in the day.

[10 million tons] According to the Ministry of Energy and Mineral Resources, Indonesia's nickel exports may surge from 5 million tons in 2017 to 10 million tons this year, mainly because nickel miners want to increase production. Bambang Gatotari, Indonesia's Minister of Mines and Coal, said that with the expansion of Indonesian smelters, more and more miners have applied for nickel export licenses.