Coal import and export policy will affect ferrous sulfate mono price
Publish Time: 2011-10-04 Origin: Rech Chemical Co. Ltd
The policy of Value-added tax levied and then returned for oil and natural gas is not suitable for coal importing. In recent years, the consumption in domestic kept a rising trend, and at the same time, the exporting volume decreased year by year.
On one hand, the policy for coal exporting is tightened constantly.
On the other hand, the policy for coal importing is relaxed accordingly. The cancelation of coal importing tax played a very important role to coal importation.
Although the coal importation is increasing day by day, the international coal price have increased, which lead that domestic coal price increased accordingly, or importation decreased.
Coal is one of the most important raw materials for sulfate salts, and the price rise in coal will lead price rise in sulfate salts such as ferrous sulfate monohydrate, whose price is on the high side in the end of July and in the very beginning of August.