The hottest focus is to halve the resource tax, an

Focus: the resource tax will be halved, and the large-scale reorganization of domestic mines will speed up

focus: the resource tax will be halved, and the large-scale reorganization of domestic mines will speed up

China Construction machinery information

the window period of large-scale mergers and acquisitions of domestic mines is coming. At present, the first "medium and long term development plan of China's iron ore industry" has been basically finalized. In the next decade, domestic mines will build world-class mining enterprises and improve industrial concentration through new construction, expansion, merger and reorganization and other ways

it is noteworthy that the window period of large-scale mergers and acquisitions of domestic mines is coming. It is revealed that the first "medium and long term development plan of China's iron ore industry" has been basically finalized. In the next decade, domestic mines will build world-class mining enterprises and improve industrial concentration through new construction, expansion, merger and reorganization and other ways

imported ores returned to the "50" era

as of the end of March, China's iron ore price index (hereinafter referred to as ciopi) was 197.49 points, down 14% month on month; Among them, the price of imported ore fell by more than 17%. On April 1, the CIF price of 62% grade dry base fine ore of directly imported iron ore fell to $50.01/ton, down $1.17 per ton month on month, a decrease of 2.3%. The price of imported iron ore has returned to the "50" era, and the last time the price of imported iron ore was fixed at about $50, it can be traced back to 2008, seven years ago

with the continuous decline of ore prices, the national imported iron ore port inventory has also stood at a high level of 100 million tons. By the end of March, the inventory of imported iron ore ports across the country had returned to the level of 100 million tons, with a month on month increase of 1.84 million tons, an increase of 1.87%. But at the same time, in the first two months, the national pig iron output was only 119 million tons, and the application method of steel bar repeated bending testing machine decreased by 22300 tons year-on-year; The import volume of iron ore was 147 million tons, a year-on-year decrease of 1.51 million tons; The output of domestic iron ore (raw ore) was 176 million tons, a year-on-year decrease of 10.76 million tons. Due to the sufficient supply of low-cost iron ore abroad and the serious backlog of domestic iron concentrate, the supply still significantly exceeds the production demand, and the oversupply of iron ore market is difficult to change

to make matters worse, this year's steel enterprises suffered a bad start. Affected by the continuous decline of steel prices, the loss face of the steel industry has further expanded. Under the situation of overcapacity, weak domestic market demand and vicious competition in the same industry, steel prices are difficult to rebound significantly, the production and operation of steel enterprises are still facing a severe situation, and iron ore prices also lack the conditions for a sharp rebound

CISA predicts that although the steel market demand has started after the weather warms up, due to the significant increase in foreign low-cost iron ore production, the iron ore port inventory has turned from decline to rise, and the oversupply situation has not changed. It is expected that the iron ore price will not rebound significantly in the later period. Industry experts pointed out that the price of imported iron ore will hover around $50 more in April, and a "new normal" of ore prices is brewing

resource tax reduction by 9billion yuan

over the years, the problem of excessive tax burden has been plagued the healthy development of domestic mining enterprises. The author understands that the current resource tax standard for iron ore originates from the Interim Regulations on Resource Tax issued by the state in 1994, which mainly stipulates different collection standards according to the status of iron ore resources. Due to the tax system reform at that time, the determined tax amount was too large, and the tax standard was 10-25 yuan/ton, with an average of 15 yuan/ton. Due to the high resource tax standard of iron mines, the tax burden rate of China's iron mining enterprises once reached 25% in 2013. In order to solve the problem of excessive tax burden on domestic iron mining enterprises, the state has adjusted the collection standard of resource tax on iron mines for several times, which was reduced by 40% in 2002. Since 2003, with the price of iron ore rising year by year, the state has raised the collection standard of resource tax on iron ore twice. In 2012, the plastic film blowing machine manufacturers began to levy 80% of the resource tax standard, and entered a new stage of development with continuous innovation and brand-new appearance. The tax standard is 12 yuan/ton

however, with the slowdown of China's economy and the increase of iron ore supply, the global iron ore price has decreased significantly since last year, and the domestic iron mining enterprises fell into trouble, resulting in a sharp decline in the export amount of extruders in March; With the impact of the financial crisis on the world economy gradually weakening, the state of total loss. On November 3, 2014, CISA submitted to the Ministry of Finance and the Ministry of industry and information technology the emergency report on adjusting the resource tax standard of iron ore mines (Steel Association [2014] No. 215, 223), proposing that it is urgent to reduce the resource tax of domestic iron mines. It is suggested that the resource tax be reduced by 40% of the standard before the reform of iron ore tax, so as to alleviate the urgent need of domestic iron mines and ensure the implementation of China's resource security strategy. At the same time, the old leaders of the steel industry actively reported to the leaders of the State Council, and the China Mining Federation also rushed to call for reducing the burden on domestic mines

after unremitting efforts, the voice of "reducing the burden on domestic mines" finally achieved results. The recently held executive meeting of the State Council decided that in order to improve the production and operation environment of iron ore enterprises, promote structural adjustment, support the coordinated development and upgrading of upstream and downstream industries, and ensure the safety of national resource supply, it was decided to appropriately reduce the collection ratio of iron ore resource tax from 80% of the specified tax to 40% of the specified tax from May 1

CISA predicts that under the current situation of overall low iron ore prices and serious losses of domestic iron mining enterprises, the iron ore resource tax will be reduced by 40% of the standard. Based on the national iron ore output of about 1.5 billion tons in 2014, it will reduce the tax burden for iron mining enterprises by about 9billion yuan every year, which is conducive to improving the production and operation environment of iron ore enterprises

domestic mines have ushered in a "big reshuffle"

in fact, the "oversold" of imported mines has begun since 2014. Last year, affected by the contradiction between supply and demand of iron ore, the price index of imported iron ore fell from 492.82 points at the beginning of the year to 260.61 points at the end of the year, a decrease of more than 47%; The average price of imported iron ore in the whole year was 22% lower than that in 2013

the steep fall in the price of imported iron ore may be "profitable" for steel production enterprises and help reduce production costs, but it is a fatal blow to domestic mining enterprises. According to statistics, about three quarters of the domestic iron ore production capacity is suffering losses due to the impact of imported ores. In January this year, the operating rate of domestic mines was only 53%, including 63% for large mines and 19% for small mines. Among the top ten mining enterprises counted by the China Metallurgical Mines Association, six of them lost 290million yuan. The situation in Hebei Province, a big steel Province, may be even worse. It is understood that at present, 80% of the mines in the province have stopped production, and it is expected that this year's iron ore production will be reduced by 40%

statistics show that there are about 4037 iron mines in China, of which large-scale mines account for only 3%, and the rest are small mines. According to Yang Jiasheng, chairman of the presidium of the China Metallurgical and mining enterprises association, if those small iron mines that continue to lose money are forced to close down, thereby prompting large mines to accelerate mergers and acquisitions, this will be a good thing for the domestic iron ore market

small enterprises are generally at 1800 yuan per cubic meter. However, the good news is that the first "medium and long term development plan of China's iron ore" aimed at regulating the domestic iron ore market has been nearly completed. Yang Jiasheng revealed that all the special topics and regional plans for this plan have been basically finalized. According to the plan, in the next decade, domestic mines will speed up the building of world mining enterprises and improve industrial concentration through new construction, expansion, merger and reorganization and other ways