Platts clarifies VAT, duties in Chinese domestic petrochemical assessments

S&P Global Platts would like to clarify the value added tax and duties reflected in its China domestic assessments in Yuan/mt.

All of Platts China domestic assessments for petrochemicals, including benzene, polyethylene, PVC, acetic acid, vinyl acetate monomer and caustic soda, include the prevailing VAT. The polypropylene raffia China domestic assessment on ex-works basis also includes the prevailing VAT, and does not include import duties.

For the import parity equivalent of Platts benzene East China domestic assessments, these prices reflect the prevailing VAT and import duty of 2%.

These assessments are published on Platts Petrochemical Alert pages 965, 282, 206, 235, 436, 322, 274, 266, 270, 262, 174, 458, 460 and 534, Asian Petrochemicalscan, Polymerscan and Solventswire publications under the price database codes below:

Assessments
Code
Mavg
Wavg
PP Raffia China Domestic Yuan/mt Daily
AAOUY00
PP Raffia China Domestic Yuan/mt Weekly
AAOTY00
Benzene Domestic East China Prompt
AAYCA00
AAYCA04
Benzene Domestic East China Bal-Mo01
AAYCB00
AAYCB04
Benzene Domestic East China Mo02
AAYCC00
AAYCC04
Benzene Domestic East China Marker
AAYCG00
AAYCG03
AAYCG04
Benzene East China Prompt Import Parity
AAYCD00
AAYCD04
Benzene East China Import Parity Bal-Mo01
AAYCE00
AAYCE04
Benzene East China Import Parity Mo02
AAYCF00
AAYCF04
Benzene Domestic East China Import Parity Marker
AAYCH00
AAYCH03
AAYCH04
HDPE Film China Domestic Yuan/Mt Weekly
AAOTX00
LDPE China Domestic Yuan/mt Weekly
AAOTV00
LLDPE China Domestic Yuan/mt Weekly
AAOTW00
PVC ethylene-based China Domestic
AAUHB00
AAUHB03
PVC carbide-based China Domestic
AAUHC00
AAUHC03
Acetic Acid China Domestic Yuan/mt Weekly
AAUNG04
AAUNG03
VAM China Domestic Ex-Tank Yuan/mt Weekly
AAVSD04
AAVSD03
Caustic soda domestic China Ex-works
AAXDE00
AAXDE03

Please send any questions or comments to petchems@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.