Business trends

Duration: June 18 - June 20, 2024

Venue: Zibo, Shandong

At present, soybeans are about to enter the harvest season, soybean acidified oil is expected to usher in a wave of peak, China's annual total imports are constantly rising price ups and downs are also very frequent, annual production and import and export volumes are rising.

I mainly focused on the content of UCO. In August last year, the European Union enacted a law to strictly inspect whether imported biodiesel is transshipped through China, India and other places, but this regulation was cancelled in May this year. It also gave me some inspiration to ask whether goods can be transshipped in other countries during the process of transporting goods, because different countries have different taxes. It's also a way to save costs.

At present, China's UCO enjoys a 13% tax refund, and the UCO customs code is 15180000

At present, many downstream businesses in China are still relatively short of acidified oil, and when communicating with some oleic acid manufacturers, they expressed a high interest in acidified oil, and further commercial activities can be conducted for acidified oil in the future.