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Trade surged 28.5%! A large number of Myanmar agricultural products will enter the Chinese market! But stopped exporting rare earth to China?

Time: January 17, 2020 14:36:58 China Finance
Data show that in 2019, China-Myanmar bilateral trade volume reached 128.91 billion yuan, a significant increase of 28.5% year-on-year, especially China's imports from Myanmar increased by 42.8%.

Take rice, for example. The Myanmar Rice Association stated that last year China raised Myanmar's rice export quota to China from 100,000 tons to 400,000 tons, and this year it can only export 200,000 to 250,000 tons of rice to China.

For example, data show that China accounts for 95% of the total fruit market in Myanmar. It is reported that Myanmar has 8 kinds of fruits exported to China: mango, watermelon, cantaloupe, apricot, litchi, mangosteen, rambutan and longan.

In this regard, Myanmar also hopes to continue to expand fruit exports, and is seeking export certificates for eight kinds of fruits and spices such as avocado, grapefruit, banana, durian, pineapple, lime, white yam and cardamom. It can be seen that a large number of agricultural products in Myanmar will enter the Chinese market in the future.

It is worth mentioning that during the hot trade period, Myanmar also sent 32.8 billion yuan in infrastructure orders to Chinese enterprises. I hope that Chinese enterprises will help the country to get electricity. Data show that in the first nine months of 2019, Chinese companies invested $ 150 million in Myanmar, and during the same period of 2019, Chinese companies signed a new project contract worth $ 4.77 billion in Myanmar, a year-on-year increase of 238.1%.

Chinese infrastructure companies are doing their utmost to this end. There are Chinese companies everywhere in Myanmar, but Myanmar still faces the problem of power shortages. At least half of the 10.88 million households lack electricity and electricity, and more than 43,000 villages have not merged with the country. Power grids in Myanmar, the electricity supply rate in Myanmar has just reached 50%.

Still, Myanmar made an unexpected move.

| Burma suspends rare earth exports to China It is reported that imports of ionic rare earth from Myanmar to China have been closed because Myanmar believes that some mining companies do not have a valid mining license in Myanmar.

In fact, this is not the first shutdown in Myanmar. In 2018, Myanmar has become a key source of the 镝, 铽, and 钆 elements required by Chinese enterprises. This time the closure of Myanmar will definitely increase the price of three elements. Data show that China imported about 26,000 tons of ionic rare earths from Myanmar, accounting for 50,000 to 60,000 tons. Since November, thorium oxide has increased by 15%.

In addition, according to the data of Jinshi Data, the domestic heavy rare earth market price will greatly increase in 2019, and the price of hafnium oxide will increase by 44.63%. At present, the market price is 1.75 million yuan / ton. The metal hafnium has an annual increase of 28.40% and the price is 2.125 million. The price of ferroalloy was RMB 1.72 million / ton, an increase of 40.92%.

Myanmar closed its exports, causing China ’s heavy and rare earth prices to rise sharply. As China ’s number one rare earth country, this round of “operations” will affect the global supply chain.

It should be emphasized that after Myanmar closed its rare earth exports, the other side of Myanmar also lost money. Last week, the Myanmar Fruit, Flower and Vegetable Manufacturers' Export Association stated that earlier in 2019, due to quality issues, pineapples in Myanmar had not been given the opportunity to export to China. As a result, 24,800 tons of pineapples were unsaleable, with a loss of 33 million. yuan.

In this connection, Myanmar farmers are talking to the government, hoping that fruits will be exported to China.
.China.oil.net
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