Titanium dioxide price is expected to continue to rise; Boao Forum, director of Wacker group, issued a new "toughness" view on manufacturing industry

1 The reduction of import value-added tax will reduce the burden of enterprises by about 225 billion yuan, said the person in charge of the Department of tariff collection and management of the General Administration of Customs on April 27 After the implementation of the new value-added tax rate on April 1, it will reduce the import value-added tax burden of import enterprises by about 225 billion yuan in the whole year, effectively reduce the tax burden and capital pressure of import enterprises, and further stimulate market vitality Value added tax is generally levied on imported goods in China, and the collection standard is consistent with that of domestic products It is understood that the VAT rate reduction is less than one year from the last adjustment On May 1, 2018, China adjusted the original value-added tax rate of 17% and 11% to 16% and 10%, and this time reduced from 16% and 10% to 13% and 9% respectively 2 Clariant catalyst was used in Yuhuang with remarkable effect Ryan announced that styromaxul3 ethylbenzene dehydrogenation catalyst was successfully used in the styrene monomer production unit of Shandong Yuhuang chemical group, which increased the capacity of styrene monomer to 120% of the design capacity within three months Since the catalyst was put into operation in March 2018, the capacity and production efficiency have been improved The annual production capacity of the styrene monomer production unit has increased by 50000 tons, equivalent to the output value of 13 million US dollars In addition, the catalyst achieved this excellent result under the condition that the water oil weight ratio was stable at the ultra-low value of 1.1, so it can save an additional $2.5 million in steam energy consumption Styromax UL3 is expected to continue to play a strong role and is expected to bring more than $15 million in economic benefits to Shandong Yuhuang group every year 3 The price of titanium dioxide in Asia is expected to rise in the near future Affected by the recent rise of China's spot export price, the contract negotiation price of titanium dioxide in Asia in the second quarter may rise accordingly Although the price negotiation is still in the early stage, some contract buyers have received higher quotations from the manufacturers, which are 100-150 US dollars / ton higher than that in the first quarter Due to exchange rate related fluctuations, the spot price of China's titanium dioxide exports has increased recently According to ICIS data, the spot price of titanium dioxide exported by China on March 15 was US $2250-2400 / ton (FOB, China), up about 3.3% since the beginning of February 4 Japan chemical industry sets emission reduction targets JCIA has recently set new targets for carbon dioxide emission reduction by 2030 fiscal year, which are part of the plan to build a low-carbon society Based on the standard of fiscal year 2013, the plan determines that the emission of normal operation (BAU) in fiscal year 2030 will be reduced by 6.5 million tons compared with the base value in 2013 Another goal of the plan is to reduce total emissions by 6.79 million tons, or about 10.7%, compared with 2013 These calculations are based on a baseline estimate of 637.2 million tonnes of CO2 emissions in fy2013 5 American ethylene production meets "cooking without rice." last week, American Chemistry weekly pointed out that because the investment in the middle reaches of ethane raw material production in the United States lags behind the soaring level of ethylene production capacity, flexible feed cracking units will be forced to accept more heavy cracking raw materials, thus driving up the cost of ethylene production By the end of this year, five new cracking units will be put into operation along the Gulf Coast, which will make the ethylene production capacity of the United States exceed the consumption capacity for the first time in decades With the new cracking unit put into operation, the supply of ethane in the United States will be in short supply 6 2018 annual report of Dongfang Yuhong: its operating revenue was 14.046 billion yuan, a year-on-year increase of 36.46% On March 27, Dongfang Yuhong (002271) released its 2018 annual report In the whole year, the company achieved an operating revenue of 14.045.7 billion yuan, a year-on-year increase of 36.46%, mainly due to the smooth development of various businesses and the increase of sales volume of main products The net profit was 1.508 billion yuan, up 21.74% year on year Basic earnings per share was 1.01 yuan, up 21.69% year on year 7 Dongfang Yuhong attended the promotion meeting of mining construction in Beijing, Tianjin and Hebei in 2019 On March 26, "promotion meeting of mining construction in Beijing, Tianjin and Hebei in 2019" was held in Beijing International Trade Hotel This meeting was initiated by Vanke mining and Construction Co., Ltd and undertaken by Dongfang Yuhong and Jiangsu Funiu Mountain It aims to deeply integrate industry resources, reduce procurement costs, strictly control quality standards, improve procurement efficiency, optimize supply chain and a series of construction material supply issues The concept of mining and construction platform was put forward in 2015, and it will take shape at the beginning of 2017 By 2018, the total transaction volume of the platform will exceed 80 billion, and it is estimated that the transaction volume will exceed 100 billion in 2019 This is closely related to the experience of Building Procurement and standardized and standardized service system accumulated by the mining and construction platform relying on Vanke's 30-year practice 8 Dr Heda, director of Wacker group, shared his views on the new "toughness" of manufacturing industry On March 27, Dr Christian Hartel, director of Wacker chemical company, was invited to participate in the "new" toughness "of manufacturing industry TV Forum As a discussion guest, he shared his views and views on the current manufacturing industry When it comes to the ways that manufacturing industry needs to cope with the rising labor cost, Heda said that Wacker has invested and operated in China for more than 25 years, not because of China's labor cost, but because this developing market has a strong attraction for us The key to the success of many enterprises is not low human cost, but R & D innovation The world is changing and our customers are changing, so we always need innovation, including technology research and development, as well as an open attitude to look at our business model 9 Ministry of Commerce: the Ministry of Commerce continued to impose anti-dumping duties on nonylphenol from India and Taiwan announced on March 28 that since March 29, 2019, the Ministry of Commerce continued to impose anti-dumping duties on imported nonylphenol from India and Taiwan for a period of 5 years The anti-dumping rates are as follows: 12.22% for India Shina hetiriya Co., Ltd., 20.38% for other Indian companies; 6.87% for Heyi Chemical Industry Co., Ltd., 4.08% for China man made Fiber Co., Ltd., and 20.38% for other Taiwan companies 10 Crude oil inventory unexpectedly increased significantly US crude oil price increased by 1% US crude oil price increased by 1%, boosted by us threat to impose sanctions on Venezuela, but the increase was limited by us record gasoline inventory and crude oil inventory International oil prices fluctuated on the 24th At the end of the day, light crude oil futures for March delivery on the New York Mercantile Exchange rose $0.51, or 0.97%, to $53.13 a barrel London Brent crude oil futures for March delivery fell $0.05, or 0.08%, to $61.09 a barrel.