Beijing raising FeMo export tax by 5%
http://www.amcastonline.com/news/articles/21/1/Beijing-raising-FeMo-export-tax-by-5/Page1.html
Tomaso Veneroso
By Tomaso Veneroso
Published on 10/24/2007
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