Viscose Fiber Tax Rebate Rate Or A Substantial Increase Of 10 Points To 15%

Reporters learned from the sources, the state's textile export tax rebate policy has made breakthrough progress, the decision-making departments have passed and will wait for the introduction of this policy.

But what will shock the industry is that there will be a huge adjustment in the export of viscose fiber, which may increase 10 points to 15%.

The final result will be officially announced by authoritative departments, and it is expected to meet in mid and late 7.

1~5 months

Industry losses increased by 48 times

It is reported that the adjustment of most related products such as early market rumors, textile export tax rebate rate increased by 2 percentage points (one point is 4 points), clothing export tax rebate rate increased by 4 percentage points.

The industry believes that the sharp increase in export tax rebate of viscose fiber is related to the sluggish industry and the continuous decline in viscose fiber prices this year.

According to the data of the National Bureau of statistics, the profit of viscose fiber industry reached 724 million yuan in 1~5 months this year, compared with 1 billion 310 million yuan in the same period last year, a sharp decrease of 44.72%.

The total deficit of loss making enterprises suddenly increased from 8 million 190 thousand yuan in the same period last year to 402 million yuan, an increase of 48 times.

It is the first chemical fiber variety that has been put into industrial production in the world. It is widely used in clothing or decorative fabrics.

Since July 1, 2007, the export tax rebate rate policy for some export products has been lowered or cancelled. The chemical fiber part involved is the 12 category of viscose fiber and its products. The tax rebate rate has been reduced from 11% to 5%.

The increase in tax rebates will increase profits by more than 100 million yuan.

According to the calculation, if

The export tax rebate callback is 10 percentage points. In May, the total export amount of viscose filament yarn is US $33 million 719 thousand and 400. The export amount of viscose fiber in the second half of this year is about US $202 million 316 thousand and 400, which will bring a direct profit of 20 million 231 thousand and 600 US dollars to the viscose industry. It is calculated at the current exchange rate 6.85, which is equivalent to RMB 138 million 586 thousand and 700 yuan, or 139 million yuan.

Since July, the price of viscose fiber has been rebounded, and the price of viscose fiber has a rising trend.

Coupled with the recent rise in raw materials and oil and electricity prices, some domestic viscose staple manufacturers have gradually increased their product quotations, such as Jilin chemical fiber, Tangshan Sanyou, Shandong Hailong, Sai Deli, Hubei gold ring and other specifications all viscose staple products have been raised by 100 yuan / ton, and most viscose filament manufacturers will raise the factory price by 600 yuan / ton.

Ding Side, a researcher with Tx Investment Consulting Co chemical fiber industry, said that the tax rebate callback is a good thing for the viscose enterprises with larger export proportion. Currently, viscose enterprises are affected by the weak demand, and the price is more than the market expectations.

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

But Pan Bo, a chemical researcher at the joint Securities Research Institute, also pointed out that the price drop of viscose fiber mainly comes from excessive supply, which leads to oversupply, and the impact of the export tax rebate rate increase is limited. In the long run, the downward trend has been formed, and it is difficult to change in the short term, even if it is supported by policy.