The Export Tax Rebate Rate Is Raised, Chemical Fiber Enterprises Have A Temporary Respite

The export tax rebate rate is raised, chemical fiber enterprises have a temporary respite

News reminder: A few days ago, the state adjusted the export tax rebate rate of some textiles and clothing. Among them, the export tax rebate rate for chemical fiber products such as chemical fiber filament and chemical fiber staple fiber increased by two percentage points. The industry believes that the adjustment of the export tax rebate rate will ease the export pressure of the chemical fiber industry in the short term, which may have a certain pulling effect on the market. However, policy adjustments can only solve the urgent needs of enterprises. In the long run, persisting in structural adjustment and industrial upgrading, striving to enhance the core competitiveness of products, increasing R&D investment, and increasing the added value of products are the sustainable development of my country's chemical fiber industry.

A few days ago, the Ministry of Finance and the State Administration of Taxation issued a notice to adjust the export tax rebate rate for some commodities and decided to increase the export tax rebate rate for some textiles and clothing from 11% to 13%. Among them, the export tax rebate rate for chemical fiber products such as chemical fiber filament and chemical fiber staple fiber increased by two percentage points. In September 2006 and July 2007, the state successively lowered the export tax rebate rate for textiles and apparel twice. Before the export tax rebate callback, the export tax rebate rate for textile and apparel export products (except viscose fiber) was 11%, while the viscose fiber was reduced from 13% to 5%. The industry generally welcomes the adjustment of the export tax rebate rate. The adjustment of the tax rebate rate shows that the government attaches great importance to the practical difficulties of the textile and garment industry and provides active support. This will directly reduce the cost of enterprises and help ease the export pressure of textile and garment enterprises.

Good chemical fiber exports in the short term "Except for viscose fiber and its products, the export tax rebate rate increase covers all other chemical fiber export products, and its impact on China's chemical fiber industry exports is positive and positive." Deputy Secretary-General of China Chemical Fiber Industry Association Zheng Junlin said in an interview with reporters, “Chemical fiber exports mainly rely on downstream textile and garment exports. The growth rate of textile exports has fallen sharply, which has brought difficulties to the export of chemical fiber industry. In the first half of the year, the growth rate of China’s chemical fiber exports has also decreased. Export tax rebate rate has been adjusted. In the short term, it will ease the export pressure of the chemical fiber industry, which may have a certain pulling effect on the market. However, policy adjustments can only solve the urgent needs of enterprises."

According to statistics, from January to May, chemical fiber exports reached 753,000 tons, an increase of 27.98%, but the growth rate was 20.72 percentage points lower than the same period last year, and the export value increased by 36.14%, which was 22.76 percentage points lower than the same period last year. The total export of chemical fiber textiles and knitwear was 2.508 million tons, a year-on-year increase of 22.95%, and the growth rate dropped by 15.73 percentage points.

Industry insiders said that the increase in the export tax rebate rate will directly stimulate downstream garment exports, thereby driving the demand for upstream chemical fiber products. The current increase in the export tax rebate rate will also give many small and medium-sized export companies that are on the verge of bankruptcy a respite.

The reporter noticed that from the adjustment list announced by the Ministry of Finance, the viscose fiber, which has received much attention from the industry, is not included this time, and the export tax rebate rate of 5% is still maintained. Viscose fiber is the only product in the textile and apparel industry that has been classified as "two highs and one capital". The so-called viscose fiber is a widely used chemical fiber. Because of its good moisture absorption, comfortable wearing and excellent spinnability, it is often blended and interwoven with cotton, wool or various synthetic fibers, and is used in various clothing and decorative textiles. High-strength viscose fiber can also be used in industrial products such as tire cords and conveyor belts.

Improve core competitiveness. The shortage of raw materials in the upstream of the chemical fiber industry has always been a "bottleneck" that plagues the development of the industry. More than 90% of the products of my country's chemical fiber industry are products of the petroleum industry chain. In recent years, the sustained high international oil prices have increasingly highlighted the structural contradictions of the chemical fiber industry chain caused by the severe lag in the development of my country's chemical fiber raw material industry. Since the beginning of this year, oil prices have soared, rising rapidly from around US$90/barrel at the beginning of the year to a record high of more than US$143/barrel on June 30. Although the price has fallen recently, the increase is still quite alarming. Such a rapid upward trend and long-term high operation have a great impact on the chemical fiber industry. Affected by this, from basic petrochemical products such as ethylene and propylene, to raw materials for the direct production of chemical fibers such as acrylonitrile, PTA, and caprolactam, all have entered a new round of continuous price increases. While the pressure of rising upstream costs has increased, prices of downstream products have rarely risen. Even if the prices of downstream synthetic fibers such as acrylic, polyester, and nylon are forced to increase, the rate is much lower than that of raw materials. In addition, in the second half of the year, companies are also facing a full range of price increases in oil, electricity, and gasoline. Chemical fiber companies are facing increasing cost pressures, their profit margins have been gradually compressed, and their export competitiveness has been severely weakened. Unspeakable. In the first half of the year, the operating rate of various varieties in the chemical fiber industry generally declined, especially in June, and the phenomenon of enterprise parking and maintenance was common.

In addition, the economic downturn in Europe and the United States has led to sluggish demand, the continuous appreciation of the renminbi, the increase in costs caused by rising prices of raw materials and labor, and excessive competition caused by the rapid expansion of homogeneous production capacity and the low rate of product differentiation have all contributed to the difficult life of China's chemical fiber industry. , The export tax rebate rate is not the main factor that affects China's chemical fiber exports.

"In the short term, an increase in the export tax rebate rate will benefit chemical fiber companies, but policy adjustments cannot fundamentally solve the problems faced by the chemical fiber industry. In the long run, we will insist on structural adjustment and industrial upgrading, and strive to enhance the core competitiveness of products. Large R&D investment, improvement of production technology, continuous improvement of product quality, and enhancement of product added value are the sustainable development of China's chemical fiber industry." Zheng Junlin emphasized.