There Is No Change In The Sales Of Foreign Cotton. There Is No Stimulus In The New Export Tax Rebate.
On the 1 day, the price index of imported cotton FC Index SM 82.56 cents / pound Rose 14 points; M79.57 cents / pound Rose 14 points; SLM77.40 cents / pound, up 4 points. Details of China's main port price: August 1st cotton import price index (FC Index) and port price
The textile export tax rebate policy, which has been paying attention to both inside and outside markets, has finally been unveiled yesterday. The dynamics of the textile industry are closely related to cotton. Will the textile new deal stimulate enterprises to increase the purchasing power of foreign cotton? For this problem, a foreign businessman said that the intensity of the stimulus was not great, and the progress of the sale of the outer cotton remained unchanged. Although it has been reported in various aspects that the tax rebate increase of 2% will promote the rise of the industry profits and ease the pressure on enterprises, the prospect of the whole industry is still worrying, and the market purchasing atmosphere will not be activated because of this policy. |
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