China Ore Imports from Myanmar Decline in August

SEATTLE (ITRI.CO.UK): According to the latest official customs statistics released yesterday, China imports of tin ores and concentrates from Myanmar totaled 19,081 tonnes in August, with an estimated tin content of 4,600 tonnes, down 23% month on month but up 21% year on year.

From January to August in 2017, estimated metal content within China tin ore imports from Myanmar totalled 40,500 tonnes, about 2,600 tonnes more than the total for the same period of 2016. China tin ore imports from elsewhere totalled 438 tonnes (gross weight) including 227 tonnes from Russia and 163 tonnes from Brazil. The trade data also reveals refined tin and alloys imports in August totalling 348 tonnes, while exports totalled 359 tonnes.

ITRI View: Road and processing infrastructure improvements as well as low-grade ore stockpile depletion continued to support the output of ores and concentrates from Myanmar in August relative to previous years. Ore and concentrate imports increased significantly in the fourth quarter of last year following wet season, although we expect a more modest increase in shipments in Q4 this year.

Courtesy: www. itri.co.uk