The most popular cancellation of export tax rebate

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On June 24, the futures salon for key plastic enterprises in Guangdong, sponsored by Dalian Commodity Exchange to improve the level of design, R & D, manufacturing and utilization of new materials, was held in Guangzhou. The principals of Guangdong plastic industry association and key plastic related enterprises in Guangdong participated in the salon. The participants had in-depth exchanges and discussions on the impact of the cancellation of the export tax rebate policy for plastic related products by the state on the plastic market, the impact of the European debt crisis on the export prospects of Guangdong's plastic products, and how plastic enterprises experiment with such cylinders with the following three characteristics: making better use of futures tools

On June 22, the Ministry of Finance and the State Administration of Taxation announced the "notice on canceling export tax rebates for some commodities". From July 15, 2010, China will cancel export tax rebates for 406 commodities. The plastic products involved include waste chips and leftovers of ethylene polymer, waste chips and leftovers of styrene polymer, and waste chips of vinyl chloride polymer, which are the important regional layout and leftovers of Hongwang group in North China, waste chips and leftovers of polyethylene terephthalate, and waste chips and leftovers of other plastics

"in fact, China began to reduce the export tax rebates of two high-tech and one capital goods in 2007. In 2008, due to the financial crisis, China increased the export tax rebates of some goods. This year, China has strengthened the regulation and control of energy conservation and emission reduction. This adjustment fully illustrates the direction of regulation and control of such goods." Fu An, President of Guangdong Plastics Industry Association, first explained the adjustment of export tax rebate policy for some plastic products. However, he stressed that Guangdong is a major province in China's plastic industry. The total output of plastic products accounts for about% of the country, and both the total output and export volume rank first in the country. After the 2008 financial crisis, Guangdong small and medium-sized plastic enterprises "It has a great impact on new chemical fiber materials. In 2009, enterprises accelerated their transformation, and enterprises above Designated Size have increased significantly compared with 2008. The development of Guangdong's plastic industry in the past two years is also in line with the development direction of national energy conservation and emission reduction. The adjustment of export tax rebate involves a small number of plastic varieties, which has a limited impact on the current spot price.

plastic enterprises urgently need to make full use of plastic futures.

although plastic futures have been listed for three years, they are now widely used There are still a large number of small and medium-sized plastic enterprises in the eastern region who do not understand the function of the futures market and do not actively participate in the use of futures instruments. "In the face of sharp fluctuations in plastic prices, our traders urgently need plastic futures to manage risks." The appeal of the person in charge of a large plastic trader in Foshan received general response from the participants. The plastic traders participating in the salon said that enterprises need to be familiar with the process of participating in plastic futures. By gradually exploring the operation law of plastic futures, they can summarize the operation mode suitable for their own needs

quzhengzhe, chairman of Zhujiang futures, introduced the problems faced by futures companies in the process of market education. He said, "the awareness of plastic spot enterprises in Guangdong to use futures tools is still relatively weak, which is related to the spot structure and industrial maturity. Futures companies need to carry out long-term market publicity and cultivation, and constantly tap the potential of futures tools to serve the industry."

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