ANNOUNCEMENT 01 Jan 2010In January 2010, the government of China announced a change in export taxation.
NUMBER OF INTERVENTIONS
Urea Prices and Pricing Information
China unveils new tariffs on chemicals, fertilizers for 2010
16 December 2009
Large-scale fertilizer enterprises will become the market leader
As of January 1, 2010 China adjusted tariffs for fertilisers and some chemical products.
The off-season export tax on urea was cut from 10% to 7% and will be applied provided the exports were priced at or below specified base prices. For exports priced higher, a specific formula will be used for calculating the amount of tax.
Urea is primarily used as a fertiliser and widely traded on the market. It is also used in the manufacture of urea-formaldehyde resins, the synthesis of melamine, in adhesives and paints, and for laminates, moulding compounds, impregnating paper and textiles.
No changes were made to the peak-season fertilizer export tax, exports is then subject to a 110% export duty.
According to the Ministry of Commerce, the off-season periods in 2010 for Urea are January, 1 July to 15 September and 16 October to 31 December, while those for diammonium phosphate (DAP)/monoammonium phosphate (MAP) are January, June to August and 16 October to 31 December.