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  • China mulls bigger moves to cut taxes, fees

    2018-11-05

    The Chinese government is expected to step up tax and fee reductions for enterprises as part of efforts to bring down the burden on the real economy, according to China Securities Journal.Finance Minister Liu Kun has said enterprises' cost is expected to drop by more than 1.3 trillion yuan ($188 bil Read More

  • How will tax rebate raise impact PET botte chip market Raw White T/C Core Spun yarn

    2018-11-05

    In the past weekend, Ministry of Finance and State Administration of Taxation issued the Notice to Adjust Tax Rebate for Part of the Products, among which, PET bottle chip’s tax rebate is raised from 13% to 16%.PET bottle chip is taking a relatively large export share among polyester products, typic Read More

  • How will ginners operate with lower cotton prices and bearish sentiment?

    2018-11-05

    In North Xinjiang, new cotton profit margins are large, but sales are unsmooth, while in South Xinjiang and inland, some trading prices have been already lower than the ginning costs. However, seed cotton prices remain high and ginning costs are hard to reduce, how will ginning factories operate lat Read More

  • European textiles sector growth depends on cooperation

    2018-11-05

    The 7th Euratex Convention, organised on 24 October in Ontinyent, Valencia, Spain, by the Consejo Intertextil Espanol (CIE), gathered over 200 participants from the textiles and apparel sector, as well as prominent figures from regional and national representations.Hosted for the first time in Spain Read More

  • Contradiction focus: High cash flow and inventory of PFY Core Spun Denim Yarn

    2018-10-25

    Polyester melting cost ended falling and consolidated during the National Day holiday supported by high crude oil price and the expectation of peak season. WTI declined to $69.12/bbl from $76.41/bbl in Oct, down by 9.54%, and is expected to reduce further.Polyester melting cost stepped into downtren Read More

  • US polyester yarn makers allege dumping from China, India

    2018-10-25

    Two major US synthetic yarn producers—Unifi Manufacturing, Inc (Unifi) and Nan Ya Plastics Corporation, America (Nan Ya)—have filed petitions alleging that dumped and subsidised imports of polyester textured yarn from China and India are causing material injury to the domestic industry. The petition Read More

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