Vice President of China Nonferrous Metals Industry Association, said the military documents, the industry association has suggested that 17% of the aluminum on the VAT export tax refund in full practice. He said the "high energy consumption of primary aluminum exports should be controlled, but should encourage the export of aluminum." Association of the Chinese Government proposed to increase the first half of the aluminum part to respond to the requirements of the export tax rebate, export tax rebate rate of aluminum alloy profiles to 13%. "13% of the tax rate is still slightly lower, not raise China's export competitiveness in overseas markets." Jun said literature.
Industry analysts estimated that China's enterprises to use more aluminum will help ease the oversupply situation in the Chinese market, while export tax rebates do not provide direct subsidies to enterprises, the Government has been carried out to avoid criticism of unfair trade.
Aluminum processing enterprises in Guangdong Province, a senior official said, "The government may raise tax rebate on aluminum." He said, estimated that aluminum in the fourth quarter expected to raise the export tax rebate rate to 15%. He also said the government will also raw aluminum ingot and billet export tax rebate of 5%.
A large copper tube manufacturer's executives said the government may consider to include copper brass, including increased export tax rebates. "All the copper prior to access to 13% export tax rebate, but only a few thin brass and other copper can get 13% tax rebate."
Data show that in the first 7 months China's exports of copper 247,664 tons, down 26%; the same period, aluminum exports to 660,000 tons, down 42%.