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New comsunption tax on Non-National Standard Liquid Petrochemicals
According to the latest chemical news,China begin to collect comsunption tax on Non-National Standard Liquid Petrochemicals this week or other time in Jan.2013.No doubt upstream suppliers of the liquid raw materials will transfer the rising cost to the downstream consumers by price adjustment.Once the new tax policy down to the earth,the production cost of the petroleum resin,hydrcarbon resin related chemicals refined from petrochemicals will go up in short time.