Phosphorus Association Continues to Maintain Wet Purified Phosphoric Acid Export Tax Refund Policy
Triangle Tripods,Aluminium Tripods,Ellipse Tripods Jiangsu Laiao Material Technology Co., Ltd. , https://www.jslaiao.com
I. Diammonium phosphate has become the only product to be added to VAT in fertilizers. In the early period of the “10th Five-Year Planâ€, except for diammonium phosphate and large urea, other fertilizer products were already exempt from VAT. Later, large urea also enjoyed this preferential policy. Diammonium phosphate is the only fertilizer product currently subject to VAT. Therefore, DAP producers strongly demand exemption of VAT and enjoy the same preferential policies as other fertilizer products.
2. The price of raw materials soared. The price of diammonium phosphate was lower than the cost increase rate. The phosphoric acid industry will face losses. The price of international phosphate fertilizer has soared since the beginning of this year, which has driven up the price of domestic phosphate fertilizer, but the price of phosphate fertilizer has not risen as fast as raw materials. The price increase. In June 2007, the average ex-factory price of phosphoric acid was 2,470 yuan per ton, which was 217 yuan higher than 2,253 yuan in January and 130 yuan higher than the same period last year. The price of imported sulphur to rock has increased from US$70/tonne at the beginning of the year to more than US$220 today, and this alone has increased the cost of DAP by about RMB 450/ton, plus the price of raw materials such as phosphate rock and synthetic ammonia. It is expected that the cost of DAP will increase by more than RMB 500/t in the second half of this year. The price will be affected by the purchasing power of the farmers and the government's macro-control. The price increase will still be lower than the cost increase, and the whole industry will face losses.
Third, the production of domestic diammonium phosphate increased, the self-sufficiency rate increased, the import volume decreased, and the export volume increased.
Before and after the year 2000, due to the impact of imported phosphate fertilizer, the loss of domestic diammonium phosphate severely punished the low driving rate. More than 70% of the diammonium phosphate required by China's agriculture will be imported. The import volume will determine the price of diammonium phosphate in the world. At that time, the domestic DAP was 40-80 yuan per ton, and the import of DAP was about 260 yuan. The levy of VAT protects the competitiveness of domestic diammonium phosphate, which has played a role in feeding imports and reducing the impact of imports on domestic fertilizers. In 2006, the output of diammonium phosphate in China reached 5.99 million tons and the import volume was 1.44 million tons. The domestic self-sufficiency rate of diammonium phosphate increased from 30.8% in 2000 to 90.2%. Exemption of VAT can not only reduce the cost of diammonium phosphate, but also reduce farmers' expenditures.
To sum up, in order to reduce the cost of diammonium phosphate products, support farmers' expenditures, and better meet the needs of agriculture, it is recommended that countries exempt the value-added tax of diammonium phosphate products.