SMM News: Trump's tariff policy is suffering from anti-erosion, from the current foreign trade data of various allies, you can already smell the signs. In particular, with the continuous implementation of the radical policy of the United States, as a reaction, China and other countries have slowly reduced their cooperation with the United States. In this process, the pattern of China's foreign trade has also quietly changed.
On September 8, the Chinese Customs released the latest foreign trade data for August. In the first eight months of this year, China's imports and exports totaled 20.13 trillion yuan, an increase of 3.6 per cent over the same period last year.
So, in August, when the economic and trade disputes between China and the United States intensified, what was the trade between China and the United States? What is the import and export status of soybeans and rare earths? Let's take a look! In the first 8 months, the pattern of China's foreign trade changed greatly!
In the first eight months, China's imports and exports totaled 20.13 trillion yuan (US $2.95 trillion), an increase of 3.6 per cent over the same period last year, according to data released by the customs.
From a national point of view, the pattern of China's foreign trade has changed a lot. With US President Trump raising taxes on China, Chinese companies are worried about tariffs and gradually give up cooperation with the United States and move to other countries.
As a result, Trump's bitter fruit has come. The United States has taken off and fallen to our third largest trading partner since this year. Specifically:
First: EU-in the first eight months of this year, the total volume of trade between China and the EU reached 3.15 trillion yuan, an increase of 9.7 percent over the same period last year, accounting for as much as 15.6 percent.
Second: ASEAN-China and ASEAN trade totaled 2.74 trillion yuan, an increase of 11.7 percent over the same period last year, the fastest growing among the major trading partners, surpassing the United States to become China's second largest trading partner, accounting for 13.6 percent.
Third: the total value of trade between the United States, China and the United States is 2.42 trillion yuan, down 9 percent from the same period last year, accounting for 12 percent of the total value of China's foreign trade.
It is worth noting that in the import and export trade between China and the United States, China's imports and exports to the United States fell by 23.5 percent and 3.7 percent, respectively.
So what happened to rare earths and soybeans in the "focus" of Sino-US trade in the previous August? from January to August, China's rare earth exports fell
According to data released by the Customs on the 8th, China exported 4351.9 tons of rare earths in August, down 17 percent from 5243.4 tons in July, and the amount of rare earth exports reached 240 million yuan in August.
In addition, for the whole year, China exported 32827.5 tons of rare earths in the first eight months of this year, down 6.3 percent from the same period last year, but exports reached 2.18 billion yuan, down 1.4 percent from the same period last year.
This means that the unit price of China's rare earth exports is also rising.
At present, although detailed data on China's exports of rare earths to the United States have not yet been released, rare earths, as a "vitamin" of modern industry, had attached too much importance to rare earths as a strategic resource in previous years. This phenomenon, which has been exported in large quantities for a long time and sold at a low price, is constantly changing.
China's rare earth exports to the United States account for 78 per cent of US rare earth imports, according to a monthly study released by research and markets5, a market research firm.
The slowdown in China's rare earth exports has had a deep impact on the United States. From January to August, China's imports of soybeans fell
In the first eight months of this year, China imported 56.315 million tons of soybeans, down 9.2 percent, and the average import price was 2732.4 yuan per ton, down 1.7 percent, according to customs data. Imports rose slightly in August from a month earlier.
It is worth noting that recently affected by African swine fever, in July this year, the number of live pigs and sows in China decreased by 32.2% and 31.9%, respectively, compared with the same period last year. As a result, imports of soybeans, the main feed, have also slowed.
In particular, Meidou, which once accounted for 70% of the soybean market in China, began to reduce agricultural products such as US soybeans after Trump raised taxes on China last year.
According to specific data, from January to June this year, China imported only 5.9 million tons of US soybeans, the lowest level since 2004.
At the same time, according to he Zhenwei, secretary-general of the China Industrial overseas Development Association, a trade war will leave more than 30 million tons of soybeans vacant in the Chinese market.
In this regard, in order to seize China's soybean market, many countries "lined up."
Russia: Russia's Ministry of Agriculture plans to increase soybean production by 75 per cent to 7.2 million tons a year by 2024. China is a major importer of Russian soybeans.
Argentina: it is reported that an Argentine delegation composed of the government and private enterprises will visit China this month to further speed up the plan for the import and export of soybean meal between China and Argentina. If all goes well, Argentine soybean meal will be sold to China as soon as December this year.
[focus] 2019 China rare Earth permanent Magnet Industry Market Application Development Forum
The trade war between China and the United States has made rare earths become the focus of global attention. China has the largest rare earth industry resources and export dominance in the world, and the world is highly dependent on China's rare earths, especially the United States. How will China make good use of the development advantages of the rare earth industry in the future? how to improve the development of the industry, monitor and crack down on black rare earths in order to standardize the ecological environment of the industry, and whether the rare earth industry has become a rising star after it has been put forward for strategic development? Whether the rare earth enterprise ushered in the tuyere? How will the price of rare earths go? At the 2019 China rare Earth permanent Magnet Industry Market Application Development Forum, SMM will invite industry experts and enterprise bigwigs to interpret the market focus topics for everyone, and provide technical professional guidance for the high-quality development of enterprises, so as to help enterprises have more advantages in the fierce competition. Welcome to the summit, together with the industry!
"Click to sign up for this summit