Titanium dioxide prices expected to continue to rise; WACKER Group Director Boao Forum offers new "resilient" views on manufacturing

1The reduction of import value-added tax will reduce the burden of enterprises by about 225 billion yuan
the head of the Customs Collection and Administration Department of the General Administration of Customs and Excise Department said on the 27th, the new value-added tax rate will be implemented on April 1, the whole year will reduce the import link value-added tax burden of about 225 billion yuan, effectively reduce the tax burden of import enterprises and capital pressure, and further stimulate market vitalityChina generally collects value-added tax on imported goods, and the standard is consistent with domestic productsIt is understood that the reduction of VAT rate from the last adjustment less than a yearOn May 1, 2018, China adjusted the original VAT rate of 17% and 11% to 16% and 10%, and this time from 16% and 10% to 13% and 9%, respectively2Clariant Catalyst spree in JadeEmperor using the show-effectLane announced that StyroMaxUL3 ethyl benzene dehydrogenation catalyst was successfully used in the styrene monomer production facility of Shandong Yuhuang Chemical Group, bringing the production capacity of the styrene monomer to 120% of the design capacity within 3 monthsProduction and productivity have improved since the catalyst was used in the drive in March 2018The average annual production capacity of the styrene unit has increased by 50,000 tons, equivalent to $13 million in output valueIn addition, this catalyst achieves this excellent achievement with a water oil weight ratio of an ultra-low value of 1.1, thus saving an additional $2.5 million in steam energy consumptionStyroMaxUL3 is expected to continue to be strong and is expected to bring more than $15 million in economic benefits to Shandong Yuhuang Group each year3The price of titanium dioxide in Asia is expected to rise
in the near term, affected by the recent rise in spot export prices in China, the second quarter of Asian titanium dioxide (TiO2) contract negotiation prices may riseAlthough price negotiations are still in their early stages, some contract buyers have received higher offers from producers, up $100 to $150/tonne from the first quarter The spot price of China's titanium dioxide exports has recently risen due to exchange rate fluctuations According to ICIS data, the spot price of titanium dioxide exported from China on March 15 was $2,250-$2,400 a tonne (FOB, China), up about 3.3 percent since early February 4 The Japan Chemical Industry has set emission reduction targets the Japan Chemical Industry Association (JCIA) has recently set new targets for carbon dioxide reduction by fiscal year 2030 as part of its plan to build a low-carbon society Based on fiscal year 2013, the plan determines that emissions under normal operating (BAU) in FY2030 will be 6.5 million tons lower than the 2013 base value Another objective of the plan is to reduce total emissions by 6.79 million tons, or about 10.7 per cent, compared with 2013 These calculations are based on a baseline estimate of 637.2 million tons of CO2 emissions for FY13 5 U.S ethylene production in the "rice-free cooking" the U.S Chemical Weekly pointed out last week that flexible feed-in lysate devices will be forced to accept more heavy-duty cracking raw materials, driving up ethylene production costs, as U.S midstream investment in ethane production lags behind the soaring ethylene production capacity By the end of this year, five new fracking units will be put into operation along the U.S Gulf Coast, which will allow U.S ethylene production to exceed consumption capacity for the first time in decades With the start of new lysis plants, the supply of ethane, the U.S raw material, will be tight 6 Oriental Yuhong 2018 Annual Report: Operating income of RMB14.46 billion, up 36.46% YoY
March 27, Oriental Yuhong (002271) announced its 2018 Annual Report Full-year operating income of RMB14,045.7 million, up 36.46% YoY, mainly due to the company's business development smoothly, the main product sales increased Net profit was RMB1.508.2 billion, up 21.74 percent year-on-year Basic earnings per share were RMB1.01, up 21.69% YoY 7 Oriental Yuhong attended the 2019 Beijing-Tianjin-Tianjin-Tianjin-Tianjin Promotion Conference
March 26, "2019 Mining Beijing-Tianjin-Tianjin-Tianjin-Tianjin Promotion Conference" was held at the Beijing International Trade Hotel Launched by Vanke Tsu, Oriental Yuhong, Jiangsu Wobushan, this conference aims to deeply integrate industry resources to reduce procurement costs, strictly control quality standards, improve procurement efficiency, optimize the supply chain and a series of building materials supply issues The platform from the concept of 2015, to 2017 to take shape, to 2018 the total annual transaction volume of the platform more than 80 billion, is expected to be more than 100 billion in 2019 transaction scale, which is closely related to the platform relying on Vanke 30 years of practice accumulated architectural procurement experience and standardized, standardized service system 8 Wacker Group Director Dr Heda shared his views on the new "toughness" of manufacturing
On March 27, Dr Christian HARTEL, Director of WACKER Chemical, was invited to participate in the "New 'Resilient' Television Forum for Manufacturing" as a panellist, sharing his views and views on the current manufacturing industry When it comes to how manufacturing needs to cope with rising labor costs, Heda says WACKER has been investing in China for more than 25 years, not by focusing on China's labor costs, but because the developing market is attractive to us The key to the success of many enterprises is not low labor costs, but research and development innovation The world is changing and our customers are changing, so we always need to innovate, both in technology development and in terms of an open mind, our business model 9 Ministry of Commerce: Continue to impose anti-dumping duties on pyridine sofones in India and Taiwan
the Ministry of Commerce announced on March 28, 2019 that from March 29, 2019, anti-dumping duties will continue to be imposed on imports of pyridine originating in India and Taiwan for a period of five years The anti-dumping duty rates are as follows: India Tena-Hetlia Co., Ltd 12.22%, other Indian companies 20.38%, Heyi Chemical Industry Co., Ltd 6.87%, Chinese Fiber Co., Ltd 4.08%, and other Taiwan companies 20.38% 10.A Crude oil inventories unexpectedly surged 1 percent in U.S crude oil prices
u.S crude rose 1 percent, buoyed by u.S threats of sanctions against Venezuela, but the rally was limited by record U.S gasoline inventories and an unexpected surge in crude inventories International oil prices rose and fell on the 24th Light crude futures for March delivery rose $0.51, or 0.97 percent, to $53.13 a barrel on the New York Mercantile Exchange Brent crude for March delivery fell $0.05, or 0.08 percent, to $61.09 a barrel