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| China`s Exports Of Ferro-Alloys In CY 2005 Had Considerable Decrease Of 20% |
| Exported 1.73 Million Tons, Having Come Down To A Lower Level Than 2.00 Million Tons |
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According to the customs-statistics released in China on the end of last week, the total quantity of ferro-alloys exported from China in the calender year ( January - December ) of 2005 came to 1,736,000 tons, having had a considerable decrease of 20.7% compared with that ( 2,188,000 tons ) in the preceding year of 2004. China exported ferro-alloys on a higher level than 2.0 million tons in 2004 as the highest record in its history but that in 2005 decreased to a large extent. However, the amount of ferro-alloys exported from China in 2005 was US$2,629.1 million as a slight decrease of 0.7% compared to that ( US$2,646.8 million ) in 2004. The unit price of ferro-alloys averaged for exports in 2005 was US$1,514.5 per ton as a sharp rise of 47.1% from that ( US$1,029.3 ) in 2004. The prices of such special ferro-alloys as ferro-molybdenum, ferro-vanadium and ferro-tungsten had risen steeply in 2005 in the international market and, consequently, China was certainly in the direction to specialize their exports of ferro-alloys in such special ferro-alloys as mentioned above, which were able to export at higher prices from China. However, the quantities of manganese, silicon and chrome - based ferro-alloys exported from China in the calender year of 2005 had a considerable decline. In view of the countermeasures for energy and hard currency, the Central Government of China has decided in July of 2005 the policy to restrict the exports of such commodities as ferro-alloys, which consume more energy and require to import a majority of ores from overseas sources as raw materials, and the actual aspect on exports of Chinese ferro-alloys in 2005 accorded with this policy. The Central Government of China ( National Development and Reform Commission ) announced on the 20th July of 2005 the policy to develop the steel industry in China and this announcement has included the measure to restrict the exports of ferro-alloys from China. In addition to the two points as mentioned above, another point is the countermeasures for environmental pollution. Part of this policy has already come up to the surface with the revocation of export tax rebates ( 8 - 13% ) enforced from the 1st January of 2005 and, following this revocation, the system to treat consigned conversion trade on a preferential base ( to exempt export and import taxes ) was abolished from the 22nd August of 2005. This system was so-called as Red Book and became a spring to export more Chinese ferro-alloys. Furthermore, in line with the resumption to impose tax on export of ferro-silicon from China ( revived from nil to 5% ), effective from the 1st June of 2005, the Central Government of China indicated unofficially the ferro-alloy industry about an intention to impose higher taxes on exports of manganese and chrome - based ferro-alloys from China. This program to impose higher taxes on the exports has been postponed to 2006 or afterwards but, in compensation for this postponement of the impositions, Chinese producers had put the brake on their exports of ferro-alloys. The reason, why the total quantity of ferro-alloys exported from China in 2005 was on a lower level than 2.0 million tons, was due to the background as mentioned above. Also, another reason for this substantial decline of the exports from China in 2005 was due to the fact that prices of manganese, silicon and chrome - based ferro-alloys had fallen in the international market in 2005 and these lowered prices were not payable for costs at Chinese producers. However, in consequence of that prices of ferro-molybdenum, ferro-vanadium, ferro-tungsten and ferro-titanium had risen steeply in the international market, the amount of these special ferro-alloys exported from China in 2005 had a considerable increase from that in 2004 and, accordingly, the total amount of all ferro-alloys exported from China in 2005 was maintained on a similar level to that in 2004. The total quantity of Chinese molybdenum products exported in 2005 decreased from that in 2004 but the amount increased. Also, both quantity and amount of vanadium products exported from China in 2005 had a substantial expansion. When the quantities of main ferro-alloys exported from China in 2005 are compared with those in 2004, <> high carbon ferro-manganese : decreased by 45.5%, <> silico-manganese : decreased by 45.8%, <> ferro-silicon : increased by 0.9%, <> high carbon ferro-chrome : decreased by 23.4%, <> ferro-molybdenum decreased by 64.3% and <> ferro-vanadium : increased by 27.2%. Namely, the exports of Chinese ferro-alloys in 2005 were uneven depending on the situation of each ferro-alloy but a decline of the quantities for manganese and chrome - based ferro-alloys exported from China in 2005 was remarkable. The movements of quantities and prices for ferro-alloys exported from China in January - December of 2005 were as per the tables (1), (2) and (3) shown below ; |
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| last modified : Fri 03 Feb, 2006 [11:01] |
