Akesu Area 2017 Textile And Garment Industry Special Subsidy Pre Allocated Funds In Place

According to relevant media reports, in order to support the development of textile and garment industry, the Finance Department of Xinjiang Autonomous Region recently allocated 100 million yuan for the special subsidy of textile and clothing industry in Akesu area in 2017, which has been allocated to relevant counties and cities, and is allocated to enterprises by the relevant counties (cities) according to the audit status.

The author finds that this year's subsidy standard has undergone some new changes compared with 2016.

In 2017, the standard of special subsidy funds for textile and garment enterprises in Akesu was: the subsidies for yarn products were more than 32 yuan, 800 yuan / ton, 32 yuan below 720 yuan / ton, and 60 or more yarn products subsidy standard increased by 100 yuan, and the subsidy of textile products was 800 yuan / ton.

In 2016, the "the Xinjiang Uygur Autonomous Region textile and garment industry special subsidy fund management regulations" stipulates that the yarn products (including cotton yarn, cotton / viscose blended yarn, viscose yarn) produced by the southern Xinjiang are more than 32 (including 32), 1000 yuan per ton, 32 yuan per ton subsidy, 900 yuan, and 60 (above 60) yarn products (including cotton yarn, cotton / viscose blended yarn, viscose yarn) subsidy standard is increased by 100 yuan.

The textile products (including woven grey cloth, dyed fabric and dyed fabric, knitted natural color and dyed grey cloth) are subsidized 1000 yuan per ton.

By contrast, southern Xinjiang in 2017

The subsidy standard has declined compared with 2016. The subsidy standard for 32 or more products of yarn products has decreased from 1000 yuan / ton to 800 yuan / ton, and the following 32 products have been reduced from 900 yuan / ton to 720 yuan / ton, and the weaving products have been reduced from 1000 yuan / ton to 800 yuan / ton.

In terms of loan discount, four southern Prefecture equipment financing in 2016

2% discount is given, and the current capital loan is given 4% interest discount.

Since 2017, the discount rate of fixed assets loans and productive capital loans of enterprise textile projects has been reduced by 0.5% respectively; the discount rate of fixed assets loans and productive loans for the terminal products such as garments, home textiles, knitted goods and industrial textiles remains unchanged.

This week, the reserve cotton wheel also rose due to the rise of the US cotton market, which led to a general expectation that the base price of the auction will be raised next week. It is estimated that the starting price of 22-26 yuan will be 15938 yuan / ton in May. The starting price of this week is 15552 yuan / ton, which is estimated to be 380 yuan / ton higher than this week's price. This will boost the enthusiasm of the auction, and the turnover rate of the real estate cotton has increased linearly, and the overall turnover rate has increased to more than 80%, and the average price of the paction has also increased slightly.

The stock market basically maintained a moderate upward trend, but there was a downward trend of consumption in the downstream, and the speed of lint purchasing slowed down.

In the short term, Zheng cotton is short of rising kinetic energy, and it is suggested to sell at high prices in terms of operation.

This Monday, ICE

The highest price was 87.18 cents / pound, which hit a new high since June 2014. After 4 days of trading, with the profit fund opening, the price fell all the way. As of today's 15 points, it has dropped to 79.1 cents / pound, or 800 points, or more than 9.2%.

ICE cotton July, October, December contract price reduction (79 cents / pound -75 cents / pound -73 cents / pound), the fund moved far away from the warehouse obvious signs.

This week announced the July on-call price contract of 41255 yuan, or 935 thousand and 700 tons, 112 thousand and 500 tons less than the previous week, which is worth tracking.

According to the weekly weekly report on cotton exports this week, contracts and shipments declined last week, and exports increased next year.

Last week, the net volume of US cotton exports was 27 thousand and 300 tonnes in 2016/17 last week, a decrease of 25% over the previous week, a decrease of 26% over the previous four week average.

The new signing came mainly from Vietnam (11 thousand and 700 tons), Turkey (11 thousand and 600 tons), Indonesia (2948 tons), Thailand (2812 tons), China (1995 tons), India and Japan to cancel 5284 tons and 2903 tons.

The shipment volume of 2016/17 was 88 thousand tonnes, 6% less than that of the previous week, which is 9% higher than that of the previous four weeks.

They are mainly shipped to Vietnam (15 thousand and 400 tons), India (1.22 tons), China (11 thousand and 100 tons), Turkey (11 thousand tons) and Indonesia (7325 tons).

In the year of 2017/18, the net volume of US cotton exports was 37 thousand and 400 tons, and the buyers were China (15 thousand tons), Vietnam (7303 tons), Bangladesh (5692 tons) and Taiwan, China (1791 tons).

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