Shengze Silk Chemical Fiber Index Stabilization Policy Intervention Or Turning Point

The Shengze index has generally been stable in recent years, and the total price index of chemical fiber products closed at 98.32 yesterday, basically unchanged from the previous trading day.

Judging from the current market, with the international crude oil futures price falling to a low level in the past three months, the intervention of the national macro policy has brought about a favorable turn for the whole textile market. Although the export tax rebate rate of 2% is like "a drop in the bucket", it is also estimated that the 2% tax rate can create a profit of 10 billion yuan for the textile industry. This can also add a lot of "food and grass" to the textile industry for the winter. In recent years, the price index of most of the chemical fiber raw materials of China Shengze silk chemical fiber index has greatly increased, and some fabrics also have different degrees of increase.