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.
中國財政部週五表示，計劃自12月1日起降低或取消一系列商品和其他產品的出口退稅。
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%.
該國將把某些精煉石油產品、光伏產品、電池以及某些非金屬礦產品的出口退稅率從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.
同時，將取消鋁和銅產品以及化學改性動物、植物或微生物油脂的退稅。
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.
這一公告導致倫敦金屬交易所鋁價飆升，因爲交易者預計這可能會抑制中國鋁材的大量外流。
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.
這一資訊也導致美國大豆油價格大幅上漲，因爲看來中國的廢棄食用油將受到這一政策的影響。
Chinese shipments of used cooking oil to the United States and Europe for use in biofuel have challenged locally produced feedstocks like soyoil.
中國向美國和歐洲出口的廢棄食用油用於生物燃料，已對本地生產的大豆油等原料構成挑戰。
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.
中國的廢棄食用油出口通常歸類於化學改性動物、植物或微生物油脂類別，出口退稅將被取消。
