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- Beijing raising FeMo export tax by 5%
Beijing raising FeMo export tax by 5%
- By Tomaso Veneroso
- Published 10/24/2007
- Raw materials and scrap
- Unrated
Beijing is considering raising China's ferro-molybdenum export tax by 5% at the end of this year.
Overseas speculation has tagged November 1st as the likely date for imposition of the tax. Most Chinese traders said they were aware of a planned date, but agreed it was likely.
The impact on the market of a new export tax rise will have a limited impact on volumens,but may effect the price.
Enquiries from overseas on Chinese ferromolybdenum have picked up over the week,but the transaction prices have softened slightly to$72-73 per kg fob due to a lack
Overseas speculation has tagged November 1st as the likely date for imposition of the tax. Most Chinese traders said they were aware of a planned date, but agreed it was likely.
The impact on the market of a new export tax rise will have a limited impact on volumens,but may effect the price.
Enquiries from overseas on Chinese ferromolybdenum have picked up over the week,but the transaction prices have softened slightly to$72-73 per kg fob due to a lack
