Viscose Fiber Export Tax Rebate Is Expected To Callback To 15%

After the overall good news of the textile and garment export tax rebate rate is expected to return 2~4 percentage points, yesterday, the export tax rebate for viscose fiber came back to 10 good points.

According to the data given by China's first textile network, the total amount of viscose fiber exports in May is US $33 million 719 thousand and 400 as the benchmark. The export amount of viscose fiber in the second half of this year is estimated to be about US $202 million 316 thousand and 400. If the export tax rebate for viscose fiber is increased by 10 percentage points, it will bring a direct profit of 20 million 231 thousand and 600 US dollars to the viscose industry, which is equivalent to 139 million yuan at the current exchange rate of 6.85.

Second half: viscose industry will increase by 100 million yuan

"Viscose fiber exports will have a huge adjustment, up to 10 points, from the current 5 points to 15 points.

The final result will be officially announced by authoritative departments.

It is expected to meet in mid and late 7. "The state has made breakthroughs in the export tax rebate policy of the textile industry, and the decision making department has passed the policy.

The news was learned from informed sources in the authoritative decision-making department.

People are looking forward to the introduction of the export tax rebate policy.

"It is expected that the export tax rebate rate of textile and clothing is expected to be introduced in July. The specific time is not known yet, but we believe it can be achieved."

Meanwhile, the owner of the textile company, who did not want to be named, said: "but viscose fiber belongs to high energy consumption and high pollution products. I doubt that the 10 points of the tax rebate rate will be adjusted so much."

Ding Side, a researcher in Tx Investment Consulting Co chemical fiber industry, believes that the above information is good for viscose enterprises with larger export proportion.

"At present, viscose enterprises are affected by weak demand, and prices have fallen more than expected.

If the above policies should be applied to a certain extent, the price of viscose fiber will be stimulated, and the price of viscose fiber will probably drop, and the profitability of the industry will rebound.

Tax adjustment last year: export volume declined sharply.

It is reported that in July 1st last year, the export tax rebate rate policy for some export products was lowered or cancelled, and the chemical fiber part involved was reduced to 12 categories of viscose fibers and their products, including viscose filament, short staple direct export products and yarn of downstream filament, dyed dyed fabric woven fabric, and downstream blended products of staple fiber.

The tax rebate rate dropped from 11% to 5%. For the viscose industry and listed companies, the export tax rebate rate decreased a lot and covered a wide range, resulting in shrinking demand and restraining product prices, which had a huge impact on the normal production and operation of enterprises.

"The adjustment of the export tax rebate rate has a greater impact on the export of viscose filament," said Wang Qian analysis, editor in chief of China's first textile network.

Viscose filament exports accounted for more than 1/3 of the total, and the domestic market sales were limited by the narrow field of application, the increase in exports significantly eased domestic supply pressure, is the main reason to promote the continuous rise of filament prices.

For viscose staple exports, the impact is not very obvious, because its export volume is less than 10% of the total output, and the main sales are still in the domestic market.

China's exports of viscose in May

Export volume of exports decreased year by year.

All kinds of viscose staple fiber 6782.69 tons 24.23%

Viscose filament 3613.4 tons 40.35%

Related news

Garment exports in May showed negative growth compared to the same period last year.

Times News (reporter Xu Yier) according to the latest data of China's first textile network, in May this year, China exported 15 billion 600 million US dollars of textile and clothing, a slight increase of 89 million US dollars, an increase of 0.57%, an increase of 1 billion 98 million US dollars, an increase of 8%.

The single month data showed that textile exports increased year by year, and clothing exports appeared negative growth year-on-year.

It is reported that in the first five months of this year, China's total export of textiles and clothing was US $71 billion 316 million, an increase of US $7 billion 878 million over the same period last year, an increase of 12.42% over the same period last year.

Among them, textile yarns, fabrics and products were US $26 billion 685 million, an increase of 24.65% over the same period last year, and export garments and accessories 37 billion 643 million US dollars, an increase of 7.03% over the same period last year, an increase below the national average level, representing a 11 percentage point decrease compared with the same period last year.

Textile and clothing exports in May of this year

The value of exports is year-on-year.

Textiles and garments $15 billion 600 million +0.57% +8%

Textile yarn, fabrics and products $5 billion 969 million -2.34% +23%

Clothing and accessories $8 billion 40 million +3.32% -0.7%