The New Slide Tax Scheme Has Finally Been Introduced To Reduce Domestic And Foreign Cotton Prices.

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< p > < strong > /strong > the industry has long talked about the "a href=" http://sjfzxm.com/news/index_s.asp "new sliding tax plan" /a "finally" promulgated. In 2014, a certain quantity of cotton imported from the quota quota will continue to be levied on the sliding tax, but the benchmark price of the duty paid price has been raised by 1000 yuan / ton under the new deal, and the formula of a href= "http://sjfzxm.com/news/index_s.asp" > sliding tax "/a" has also been finely adjusted.

The introduction of the policy has played a certain role in boosting the domestic cotton market which has been weak in December. At present, domestic cotton prices are relatively stable, and there is a slight upward trend.

Judging from the situation of cotton exports, many of the traders in stock are not rushing to see the market as a result of the increase in the sliding tax.

In addition, according to the reporter's understanding, before the end of the year's quota, foreign businessmen were generally reluctant to sell the cotton consignment to the port and the cotton that had already arrived in Hong Kong.

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< p > < strong > > a href= "http://sjfzxm.com/news/index_s.asp" > domestic cotton price < /a > the future is uncertain. < /strong > /p >

When the new sliding quasi tax scheme was released, the domestic cotton spot market immediately responded, ending a slight decline for a few days, and the quotation of individual enterprises picked up again. P

As a result of the adjustment of the sliding tax, it has little effect on the high priced cotton imported over 110 cents per pound, and has a greater impact on the import cost of cotton at medium low prices. This is indeed a great benefit to domestic cotton which has been hit by cheap cotton imports for a long time.

It is understood that since December of this year, the domestic cotton market prices continued to decline, has already fallen below the price of 20 thousand yuan / ton.

On the other hand, from the market paction, the volume is still not much, and the domestic spot "a href=" "http://sjfzxm.com/news/index_s.asp" > cotton < /a > is mainly used for the storage.

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< p > in addition, the impact of domestic cotton prices is far more than just a quasi tax.

Reporters recently learned from the China cotton textile industry association that although the details about the cotton farmers' direct subsidy have not yet been finalized, there has not been a unified plan at the level of direct subsidy price and direct subsidy mode. However, the policy direction that the state has shifted from temporary storage to storage to < A href= "http:// sjfzxm.com/news/index_s.asp > Direct Subsidy" /a "has been determined, which makes the past domestic cotton price temporarily backed up by" policy backing "lose a lot of support.

Therefore, the industry is generally not optimistic about cotton prices next year.

In this regard, Zhu Beina, President of the China Cotton Textile Industry Association, said that at the recent textile industry meeting, everyone thought that the domestic cotton prices would drop next year.

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< p > < strong > short term external cotton has little effect < /strong > < /p >

< p > from the current quotation of the main ports of China's cotton imports, the overall performance is stable, and the a href= "http://sjfzxm.com/news/index_s.asp" > American cotton < /a >, Australia cotton and Brazil cotton have risen to varying degrees, and the prices of other varieties are relatively stable.

Traders interviewed by the reporters generally said that because the current cost of cotton inventory is lower than the price after the implementation of the new sliding quasi tax rate, some traders who were worried about lowering the tax rate and selling the price would certainly stop watching and wait, and even the price would increase slightly.

Traders said that before the end of the year's quota, many foreign merchants were reluctant to cut down sales for port consignment cotton and imported cotton.

Moreover, judging from the current market situation, there is no shortage of high-grade cotton, and prices are unlikely to fall.

But traders also expressed some concerns about the long-term impact of sliding tax rates, because in the long run, the policy is to curb the influx of low-end imports of cotton.

It is not easy to say that if the domestic market reduces imports of cotton, and the price of cotton will go down.

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< p > there are also some insiders who believe that in the short term, the impact of the 2014 sliding tariff rate increase is not large for ICE, a href= "http://sjfzxm.com/news/index_s.asp" > outer cotton spot < /a >, but in the medium to long term, the sliding tax has not been abolished and no fixed tariff has been established, which means that the government may throw 2012 of Xinjiang cotton in the warehouse of the mainland in 2014 March.

Once the price has been raised, the cotton price can be stabilized by dumping and matching import quotas.

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