Editor: Lena
Since the beginning of the year, Liaoning magnesia market has been in a downward trend, the quotation has been repeatedly reduced, so far the decline has reached 500 yuan/ton for some of the products, some products even greater.
Haicheng began to issue explosives in early 2019, and magnesite mining is gradually normal. Although the government is controlling the amount of mining at the same time, with the increase in ore mining, the inventory of magnesia has increased significantly. There are fewer downstream procurement plans. In the process, some enterprises can only sell at a reduced price because they cannot keep up with the problems of capital circulation. The price of magnesia has dropped by 500 yuan/ton and may even fall in the future.
On March 5, Premier Li Keqiang, on behalf of the State Council, made a report on the government work at the Second Session of the 13th National People's Congress, proposing to deepen the VAT reform and reduce the current 16% tax rate in manufacturing and other industries to 13%. On March 13, the Ministry of Transport and the National Development and Reform Commission issued a notice to reduce some government pricing port charges since April 1. Whether it is tax reduction or lowering port charges, it is a good thing for Liaoning Magnesium Refractory Enterprises.