The Export Tax Rebate Rate Rises And The Chemical Fiber Industry Temporarily Gets A Breathing Space.

News hint: Recently, the state has retraced the export tax rebate rate of some textiles and garments.

Among them, the export tax rebate rate of chemical fiber products, such as synthetic filament yarn and chemical fiber staple, increased by two percentage points.

According to the insiders, the callback of the export tax rebate rate will ease the pressure on the export of the chemical fiber industry in the short term and may have a stimulating effect on the market.

However, the adjustment of policies can only solve the urgent need of enterprises.

In the long run, insisting on structural adjustment and industrial upgrading, enhancing core competitiveness of products, increasing R & D investment and increasing value-added products will be the way of sustainable development of China's chemical fiber industry.

Recently, the Ministry of Finance and the State Administration of Taxation issued a notice. Since August 1st, the export tax rebate rate of some commodities has been adjusted, and the export tax rebate rate of some textiles and garments has been raised from 11% to 13%.

Among them, the export tax rebate rate of chemical fiber products, such as synthetic filament yarn and chemical fiber staple, increased by two percentage points.

In September 2006 and July 2007, the state has cut down the export rebate rate of textile and clothing two times.

Before the export tax rebate, the export rebate rate of textile and clothing export products (except viscose fiber) was 11%, while viscose fiber decreased from 13% to 5%.

The industry generally welcomed the export tax rebate rate callback.

The callback rate indicates that the government attaches great importance to the practical difficulties of the textile and garment industry and gives active support, which will directly reduce the cost of the enterprises and alleviate the export pressure of the textile and garment enterprises.

In the short term, the export of chemical fiber is good. Besides the viscose fiber and its products, the export tax rebate rate has increased and covered all other chemical fiber export products. The impact on the export of China's chemical fiber industry is positive and positive.

Zheng Junlin, Deputy Secretary General of China Chemical Fiber Industry Association, said in an interview with reporters, "the export of chemical fiber mainly depends on the export of textile and clothing in the lower reaches.

The rapid growth of textile exports has brought difficulties to the export of chemical fiber industry. In the first half of this year, the growth of China's chemical fiber exports has also been reduced.

The callback of the export tax rebate rate will ease the pressure on the export of the chemical fiber industry in the short term, and may have a stimulating effect on the market.

However, the adjustment of policies can only solve the urgent need of enterprises.

Data statistics, from 1 to May, chemical fiber exports reached 753 thousand tons, an increase of 27.98%, but the growth rate dropped 20.72 percentage points over the same period last year, and the export volume increased by 36.14%, down 22.76 percentage points over the same period last year.

The total output of chemical fiber textiles and knitwear was 2 million 508 thousand tons, an increase of 22.95% over the same period last year, an increase of 15.73 percentage points.

Insiders said that the export tax rebate rate will directly stimulate downstream clothing exports, thereby driving the demand for upstream chemical fiber products.

The increase in the export tax rebate rate will also give some small and medium-sized export enterprises close to bankruptcy a breathing space.

The reporter noted that from the revised list released by the Ministry of finance, the viscose fibers that had previously been concerned by the industry did not rank among them, and still maintained 5% of the export tax rebate rate.

Viscose fiber is the only product in textile and clothing industry that is classified into "two high and one capital" category.

Viscose fiber is a widely used chemical fiber.

Because of its good moisture absorption and comfortable wearing, it has good spinnability and is often interwoven with cotton, wool or all kinds of synthetic fibers for all kinds of clothing and decorative textiles.

High strength viscose fiber can also be used for tire cord, conveyor belt and other industrial supplies.

Upgrading the core competitiveness of the chemical fiber industry upstream of the shortage of raw materials has always been a bottleneck for the development of the industry.

More than 90% of China's chemical fiber industry is the product of the oil industry chain. In recent years, the continuous high operation of international oil prices has highlighted the structural contradiction of chemical fiber industry chain caused by the serious lag of the development of chemical fiber raw material industry in China.

Oil prices have surged this year, rising rapidly from around $90 a barrel at the beginning of the year to a record high of more than US $143 / barrel in June 30th.

Such a rapid upward trend and long-term high operation will have a great impact on the chemical fiber industry.

Affected by the impact, from ethylene, propylene and other basic petrochemical products, to acrylonitrile, PTA, caprolactam and other raw materials for direct production of chemical fiber, have entered a new round of continuous price increase process.

While the upward pressure on upstream costs has increased, the prices of downstream products have risen little.

The price of synthetic fibers, such as acrylic, polyester and polyamide fiber in the lower reaches, is much lower than the increase of raw materials.

In addition, in the second half of the year, enterprises are also facing the overall rise in prices of oil, electricity and steam. The cost pressures faced by chemical fiber enterprises are getting bigger and bigger, and the profit margins have been reduced step by step, and the export competitiveness of products has been seriously weakened.

In the first half of this year, the operation rate of all kinds of chemical fiber industry generally declined, especially in June.

In addition, the economic downturn in Europe and the United States has led to a lack of demand, a continuous appreciation of the renminbi, an increase in costs caused by rising prices of raw materials and labor, and excessive competition caused by the rapid expansion of homogeneous capacity and the low rate of product differentiation. All these have made China's chemical fiber industry a tough day, and the export tax rebate rate is not a major factor affecting the reduction of China's chemical fiber exports.

"In the short term, the export tax rebate rate will benefit the chemical fiber enterprises, but the adjustment of policies can not fundamentally solve the problems faced by the chemical fiber industry.

In the long run, we must adhere to structural adjustment and industrial upgrading, strive to enhance core competitiveness of products, increase R & D investment, improve production technology, continuously improve product quality, and increase value-added products, which is the way of sustainable development of China's chemical fiber industry.

Zheng Junlin emphasized.

The implementation of scientific and technological innovation and the path of differentiation become the inevitable development strategy of chemical fiber enterprises.

At present, the global chemical fiber industry has gradually developed from conventional varieties to differential ones.

Differentiation itself is a reflection of improving the added value of products in the chemical fiber industry.

Relatively speaking, its products have high added value and strong risk resistance capabilities, and the profitability of enterprises will also be stronger.

At present, the difference rate of Chemical Fiber Varieties in China is 38%, and there is still a certain gap with the level of developed countries.

Fortunately, some enterprises have begun to develop differentiated fiber varieties vigorously, and pay attention to market demand and constantly develop new products, so as to gradually occupy the high-end product market.

Reporters learned that, because Jiangsu Hengli Chemical Fiber Group's export products are mainly differentiated and functional products, the difficulties encountered by the textile industry have little impact on them.