Reported Earlier, 'China To Cut Or Cancel Export Tax Rebates For Products Including Aluminum' - Reuters News
Reported Earlier, 'China To Cut Or Cancel Export Tax Rebates For Products Including Aluminum' - Reuters News
The announcement triggered a jump in aluminium prices on the London Metal Exchange as traders anticipated it may curb a heavy flow of Chinese aluminium abroad.China's finance ministry said on Friday it would reduce or cancel export tax rebates for a wide range of commodities and other products, effective Dec. 1.
中国财政部周五表示，计划自12月1日起降低或取消一系列商品和其他产品的出口退税。
The country will reduce the export tax rebate rate for some refined oil products, photovoltaics, batteries, and certain non-metallic mineral products from 13% to 9%.
该国将把某些精炼石油产品、光伏产品、电池以及某些非金属矿产品的出口退税率从13%降低至9%。
It will also cancel the rebate for aluminum and copper products and chemically modified animal, plant, or microbial oils and fats.
同时，将取消铝和铜产品以及化学改性动物、植物或微生物油脂的退税。
The announcement triggered a jump in aluminium prices on the London Metal Exchange as traders anticipated it may curb a heavy flow of Chinese aluminium abroad.
这一公告导致伦敦金属交易所铝价飙升，因为交易者预计这可能会抑制中国铝材的大量外流。
The news also contributed to a sharp rise in U.S. soyoil prices as it appeared Chinese used cooking oil would be covered by the changes.
这一资讯也导致美国大豆油价格大幅上涨，因为看来中国的废弃食用油将受到这一政策的影响。
Chinese shipments of used cooking oil to the United States and Europe for use in biofuel have challenged locally produced feedstocks like soyoil.
中国向美国和欧洲出口的废弃食用油用于生物燃料，已对本地生产的大豆油等原料构成挑战。
China's used cooking oil exports typically fall under the customs category of chemically modified animal, plant, or microbial oils and fats category, for which export rebates will be scrapped.
中国的废弃食用油出口通常归类于化学改性动物、植物或微生物油脂类别，出口退税将被取消。
