According to the website of the Ministry of Finance, China will adjust some import and export tariffs from January 1, 2019. The news pointed out that in order to meet the reform needs of the export management system, promote the structural adjustment, quality improvement and efficiency improvement of the energy resources industry. Since January 1, 2019, chemical fertilizers, apatite, iron ore, slag, coal tar, 94 items such as wood pulp are no longer subject to export tariffs.

It is understood that in 2018, China will impose zero tariffs on exports of urea, fertilizers such as ammonium chloride, ammonium sulfate, monoammonium phosphate, diammonium phosphate, and heavy calcium. The price of potassium nitrate and phosphorus and potassium binary compound fertilizers is 5%. The tax rate is levied, and the amount of potassium sulphate and potassium chloride is levied at 600 yuan/ton, and the amount of NPK ternary compound fertilizer is levied at 100 yuan/ton.

From January to November 2018, China exported a total of 22.76 million tons of various fertilizers, a decrease of 1.5% year-on-year. Among them, the cumulative export of urea was 1.8 million tons, down 55.0% year-on-year; the total export of diammonium phosphate was 7.1 million tons, an increase of 18.7%; the cumulative export of NPK compound fertilizer increased greatly, and the export from January to November was 341,100. Ton.

According to industry analysis, this tariff adjustment is a major positive for ternary compound fertilizer and potash fertilizer. The elimination of export tariffs on potash (including potassium-containing fertilizers) will increase the international competitiveness of domestically produced potassium sulfate and drive up the price of domestic potassium chloride. The ternary compound fertilizer from the 100 yuan per ton tax to the current cancellation, is expected to further promote the export of domestic compound fertilizer, which is of great significance for Chinese compound fertilizer enterprises to export products, technology, services and brands.

Guangzhou Liwei ● This article is reproduced in WeChat public number ● Fertilizer and pesticide assistant