Recently, the Customs Tariff Commission of the State Council for consideration and report to the State Council for approval, since January 1, 2013, domestic import and export tariffs will be part of the adjustment.Natural rubber import tariffs recommended provisional tax rates: latex 10% or 720 yuan / ton, both from low; Smoked sheets and technical classification of natural rubber 20%, or 1,200 yuan / ton, both from low.
Downstream enterprises, whether natural rubber as the main raw materials will benefit?
To have little effect on the upstream and downstream enterprises
Is quite overwhelmed by tax cuts for the tire companies has little effect. “Rubber procurement staff said a large tire companies, tire companies mostly use adhesive lamination adhesive zero tariffs, by contrast, imports of standard rubber prices high.
So-called adhesive natural rubber content of 95% to 99.5%, and add a small amount of stearic acid, styrene-butadiene rubber, butadiene rubber, isoprene rubber, zinc oxide, carbon black or peptizing agent, the mixing composite rubber.
According to the tariff plan announced by the Ministry of Finance in 2009, the domestic composite rubber ASEAN countries agreements tariff lowering of different magnitudes. Agreement rate, Brunei, Indonesia, Malaysia, Philippines, Singapore, Thailand, Cambodia, Laos, Myanmar, from 5% to 0%, Vietnam remained at 5%.
An industry source said, compared to the amount of tax to be levied on, with adhesive zero tariff in this adjustment, the gap is still great, therefore, enterprises are still the main choice of imported adhesive. And for the use of the gum, most of the enterprises are relying on export verification and the use of domestic rubber to reduce costs.
The industry also said, In fact, the other use of imported natural rubber industry enterprises, mostly written off, actually involving real pay tax to the small number of natural rubber.
No significant volatility in natural rubber futures
Natural rubber import tariffs reduced, in theory, is bad news for the futures market, but the disk is not significant fluctuations. Securities Futures Rubber Research Institute researcher Liu Bin said.
December 18, Hujiao closing: main contract 1301 closed at 24,565 yuan / ton, up 20 yuan / ton; 1305 contract closed at 25,290 yuan / ton, up 35 yuan / ton; 1309 contract closed at 25,090 yuan / ton, rose 145 yuan / ton.Futures market does not respond to basic New Deal.
Wide passers Rubber analyst Xie Lingzhi analysts believe that, apart from macroeconomic not obviously good news to pull the recent spot market take the goods of the natural rubber is not positive, does not constitute a strong support to the futures market, therefore, has been in a low recent Hujiao run operation. In addition, the futures market early “digestion” of tariff reduction this bad news, which also led to the futures market reaction is limited.
The unanimous view of the industry, the decline in natural rubber import tariffs can see the impact of domestic futures delivery of the subject matter – the 3rd smoked sheet delivery costs in Thailand decreased. But because of the smaller tariff decrease, its symbolic significance than practical significance.
Translated by Google Translator from http://news.cria.org.cn/3/11974.html
