Thursday , June 29 2017

Myanmar export more Tin Ore to China

China’s tin industry is turning into Myanmar to help plug a gap in the supply of raw materials in search of new trade rules in the world’s largest exporter of Indonesia squeeze their main source of refined tin.

China, the largest consumer of metals in the world, has more than doubled its imports of tin ores and concentrates Myanmar this year, at the base of an alternative source of metal mainly used for welding in its wide electronics industry.
Pulling in more hours Myanmar – continues to be a relatively small player – will add to the efforts of China to the source of Bolivia, Japan, Malaysia and LME stocks of tin, and could crimp sales in Indonesia in the long run, industry experts said .

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“Myanmar will not solve China’s problems – Indonesia is the dominant exporter in the world,” said Stephen Briggs of BNP Paribas in London. “However, China is clearly trying to diversify its sources, whether it is tin or anything else. It certainly is not a big problem for Indonesia.”

China has relied on Indonesia for most of its imports of tin, with more than 15,000 tons last year, but sales have fallen since the Southeast Asian nation ruled that farmers could only sell bullion highest purity , a move aimed at increasing the value of its exports.

The Indonesian market has further tarnished the government’s attempts to ensure all its tin is sold through a local exchange, a measure that has yet to gain traction with customers, and its biggest exporter stopped shipments.

China’s imports from Indonesia fell 72 percent in July from a year earlier to just 484 tons of refined tin.

In contrast, the tin ore shipped from the Myanmar border for processing into Yunnan Province key tin production in China, more than tripled to 8,392 tons in July, China sign trade data. Imports in the first seven months of the year are more than the total for all of 2012.

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Myanmar figures are for the tin ore and concentrate and do not specify the content of the pond, you can calculate the amount of tin is produced by an increase in exports.

Traders put the total production of Myanmar to “thousands of low single digit” tonnes compared to 100,000 tonnes in the case of Indonesia.

China also produces around 100,000 tons of tin a year, but is facing a deficit of 50,000-60,000 tons, which met through recycling and through imports of ore and refined tin, said Peter Kettle industrial group Global ITRI.

Chinese buying could help speed the development of Myanmar fragmented industry such as political changes lead to more investment.

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“We could see emerging in the long run Myanmar since quite a large producer of tin,” Caldera said.

“There is some interest in the long-term changes in the political system and the promotion of international investment,” he said.

Traders are also eyeing the country, but they say that China is likely to be the dominant buyer in the near future.

“Let’s do some ‘of effort to get there but it is not easy”, said a source in an international trading house.

“There are a lot of us craft extraction. You must be prepared to enter the country and people pay in cash and organize the logistics of yourself, and I’m sure the Chinese are able to do so,” he said.

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