On Friday, November 15, China’s Ministry of Finance announced the cancellation of the 13% export tax rebate for aluminium products, including sheet materials. The removal of the tax rebate will take effect from December 1st.
This decision will have an immediate impact in Australia, as all materials shipped from China on or after December 1 will see a 13% increase in price.
As Australia’s leading supplier of premium aluminium cladding brands, MondoClad® and Nucleo®, we understand the challenges this sudden policy change may pose for your business.
Please rest assured that we are committed to supporting our customers during this transition. Our team will work closely with you to minimise the impact wherever possible.
Due to this decision a general price rise will take effect from January 1, 2025.
We encourage you to use this opportunity to purchase the stock you need before January 1, 2025, to avoid the anticipated price adjustments.
We also expect broader market effects stemming from this decision and will continue to monitor developments closely, keeping you informed with timely updates.
If you have any concerns or would like to discuss how this may affect your operations, please don’t hesitate to contact your local HVG Facades representative.
Thank you for your understanding and partnership.
If you would like to know more, please see here for an article announcing China’s Cancellation of 13% Export Tax Rebate.
