在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

US EUROPE AFRICA ASIA 中文
Business / View

Half of China's aluminum smelters running at a loss

By Andy Home (China Daily) Updated: 2015-01-27 10:18

Safety valve

The main safety valve for Chinese smelters remains the leakage of domestic surplus into the international market in the form of semi-manufactured products.

While there is still a 15 percent export tax on primary metal, semi-manufactured products still qualify for value-added tax rebate.

Disconcertingly for non-Chinese producers, such exports have been steadily increasing thanks to the gap between domestic and international prices. December's implied tally from the preliminary figures released on Jan 15 was a fresh all-time high.

And really disconcertingly for non-Chinese producers, it is now widely accepted by analysts that some of this outbound flow is metal that has undergone minimal cosmetic transformation to classify as a "semi" and therefore qualify for the tax rebate.

That means not only are Chinese semis displacing demand for products outside of China, they are partly displacing demand for primary metal as well.

AZ China's Adkins suggests that China may be getting wise to this situation, increasing the level of inspections of outbound cargoes. Simple market forces may also limit growth in Chinese exports to what is an increasingly saturated Asian market.

Those non-Chinese producers still holding the line on production cutbacks can only hope so.

Until then they will be clapping the price higher with only one hand.

The author is a columnist for Reuters.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 成年人免费在线观看 | 国产精品一区二区免费 | 91蜜桃视频| 日韩亚洲欧美在线观看 | 亚洲成人免费观看 | 久久免费视频观看 | 国v精品久久久网 | 亚洲综合在线播放 | 蜜桃av一区| 亚洲精品一区中文字幕乱码 | 免费av一区 | 亚洲精品社区 | 中文字幕av网站 | 五月天婷婷社区 | 九九国产精品视频 | 色婷婷中文字幕 | 黄色成年人视频 | 欧美午夜在线观看 | 手机看片欧美 | 精品国产一区二区在线观看 | 精品日韩一区二区三区 | 欧美日本一区 | 五月天网址 | 激情一区二区三区 | 中文在线字幕观看 | 99re国产| 久久精品视频一区二区 | 草草视频在线观看 | 欧美精品黄色 | 欧美日韩国产在线播放 | 免费网站黄色 | 在线观看国产黄色 | 91福利区 | 久久精视频 | 8x8ⅹ国产精品一区二区 | 一区二区三区网站 | 超碰成人免费 | 日本一级一片免费视频 | 成人爽a毛片一区二区免费 亚洲午夜在线观看 | 久久激情视频 | 国产1区2区3区 |