The Ministry of Finance and the State Administration of Taxation announced the "Notice on Canceling Export Tax Refunds for Some Commodities". Starting from July 15, 2010, my country will cancel export tax rebates for 406 commodities. The PFA particle products involved include waste and scrap of ethylene polymer, waste and scrap of styrene polymer, waste and scrap of vinyl chloride polymer, waste and scrap of polyethylene terephthalate, waste and scrap of other PFA particles.

In fact, China began to reduce the export tax rebate for two high and one capital commodities in 2007, and raised the export tax rebate for some commodities under the influence of the financial crisis in 2008. This year, China has stepped up the regulation and control of energy conservation and emission reduction. This adjustment fully illustrates the direction of regulation and control of such commodities. However, he stressed that Guangdong is our country.PFA GranulesIn a large industrial province, the total output of PFA products accounts for about 23-24% of the country's total output, and the total output and export volume are the first in the country. After the 2008 financial crisis, small and medium-sized PFA particle enterprises were greatly affected. In 2009, enterprises accelerated their transformation, and enterprises above designated size increased significantly compared with 2008. The development of PFA particle industry in the past two years is also in line with the development direction of national energy conservation and emission reduction. The export tax rebate adjustment, involving a small variety of PFA particles, has limited impact on the current spot price.

Although PFA futures have been listed for three years, there are still a large number of small and medium-sized PFA particle enterprises in the region who do not know enough about the function of futures market, and the participation and utilization of futures instruments is not very active. "In the face of large fluctuations in PFA particle prices, we traders urgently need PFA futures to manage risk." The appeal from the person in charge of a large PFA particle trader in Foshan was generally responded to by the participants. The PFA particle traders who participated in this salon said that enterprises need to be familiar with the process of participating in PFA futures. By gradually exploring the operation rules of PFA futures, they can sum up the operation mode suitable for the needs of enterprises themselves.

Qu Zhengzhe, chairman of Zhujiang futures, introduced the problems faced by futures companies in the process of market education. He said, "the awareness of PFA spot enterprises in the region to use futures tools is still relatively weak, which is related to the spot structure and industrial maturity. Futures companies need to carry out long-term market publicity and cultivation, and constantly tap the potential of futures tools service industry."

It is understood that Dalian Commodity Exchange listed linear low density polyethylene (LLDPE) and polyvinyl chloride (PVC) in 2007 and 2009 respectively. By the end of 2009, the trading volume and turnover of LLDPE and PVC reached 0.126 billion hands and 5.74 trillion yuan respectively, accounting for 15.08 and 15.24 of the futures trading volume and trading volume (0.834 billion hands and 37.64 trillion yuan) of DCE in that year, making DCE the world's largest PFA futures market. At present, PFA futures and spot markets are closely integrated, and PFA futures prices have gradually become an important reference price for the domestic PFA pellet market, and are having an important impact on the PFA pellet market prices in Asia.

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