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Tin December 07, 2017 07:30:43 AM

China Ore Imports Fell Sharply in October

ITRI
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From January to October, the estimated tin metal content of Chinese ore and concentrate imports from Myanmar totalled 48,600 tonnes, up 8% compared to the same period last year.
China Ore Imports Fell Sharply in October

SEATTLE (ITRI.CO.UK): China imports of tin ores and concentrates from Myanmar totalled 12,919 tonnes (gross weight) in October, according to the latest official customs statistics, with an estimated tin content of 3,100 tonnes, down 38% from September and 44% year-on-year.

From January to October, the estimated tin metal content of Chinese ore and concentrate imports from Myanmar totalled 48,600 tonnes, up 8% compared to the same period last year. The gross weight of China's tin ore imports from other countries in October totalled 384 tonnes, including 183 tonnes from Russia and 101 tonnes from Indonesia. The trade data also reveals that refined tin and tin alloy imports in October totalled 258 tonnes, while exports totalled 400 tonnes.

ITRI View: The usual negative impact of the wet season on production and shipments from the Man Maw mining district of Myanmar has been nullified in 2017 by processing and road infrastructure improvements, so imports in September maintained a high level compared to the same period last year. However, this resulted in a lower ore stocks at the site at the end of September, which subsequently impacted shipment volumes in October.

Courtesy: www. itri.co.uk