Chinese silicon traders’ lobbying for export tax reductions seen futile
Jun 01, 2009 | 10:28 AM
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Major silicon traders in China have been asking the country's central government for lower export taxes in a deteriorating market, according to market sources.
"Some big traders have been lobbying the government to cut export taxes on silicon metal because they have been experiencing great difficulties due to the slumped international demand and strong competition from Russia and other nations," one source in Shanghai said.
China's silicon metal production is primarily exported, with traders required to pay a 15-percent export duty and some anti-dumping tariffs for exports to the United States and Europe.....
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