Textiles and clothing: a prelude to a quarterly disclosure or reduced export tax rebates

Review of the week this week, market benchmark Shanghai Composite Index, Shenzhen into a mean, the CSI 300 fell 0.35%, 1.87% and 0.66%. Decline in textile

and garment sector is 2.94%, down 2.63% textile, garment sector is still unable to attract capital concerns, falling 3.25%
. Published notice of the rich results of a quarterly Anna (002 327) the overall decline in the case of textile and apparel higher open rally next Friday, a

week or more than 5%, shows the results of a quarterly report after the market will be the new hot market speculation.

Industry News: (1) Li & Fung forecasts the export price increases, inflation in China, the world output; (2) The first trial of cotton purchasing and storage

system in September, asked 19,800 yuan per ton reserve price has little effect; (3) subsidies to local cotton in Xinjiang cotton production and export of raw
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materials

Yarn; (4) Textile Industry "Twelve Five" around the seven major aspects of scientific and technological progress.

Listed Company News: (1) Huafu color spinning (002042): annual report than expected; (2) Tianshan Textile (000 813): Recombinant aground; (3) Younger (600

177): the real estate business will be listed separately; (4 ) Rich Anna: 2011, quarter released

Notice reporting the results; (5) Busen shares: the end of the pricing issue; (6) seven wolves (002 029): the acquisition of Hangzhou Kenner,  luxury

market.

Industry Data Summary: Raw materials: 328 cotton stock: 29,852 yuan / ton (-2.26%); U.S. cotton CotlookA: 227.75 cents / lb (-4.17%); viscose staple: 26,500

yuan / ton (-5.69%) ; polyester staple: 14,350 yuan / ton (-1.48%)

; Raw silk: $ 52,954 / ton (+0.77%).

Down rumors textile export tax rebate import duties and concrete are the following: 1. Duty-free import of cotton; 2.

Cut agricultural products (000061), the food processing industry value-added tax related to 3-5%; 3, textile and garment export tax rebate rate from 16% to

11%. It is reported that the export tax rebate cut or not, has not been determined, the official is no clear answer.