Coal Imported to Vietnam in 2019

For the first 6 months of 2019 , imported coal volume increased 99.6% over the same period last year, reaching over 20.64 million tons, turnover also increased by 64.8%, valued at over US $ 1.99 billion.

Thuan Hai imports coal to Cai Mep port

In the opposite direction, Vietnam's coal exports to foreign countries reached 402,236 tons, equivalent to $ 61.85 million, a sharp decrease of 65.2% in volume and 59.8% in turnover over the same period in 2018. Thus, in the first 6 months of this year, coal import surplus is 1.93 billion USD, up by 83% YoY.

Coal prices imported into Vietnam in June 2019 averaged US $ 94.1 / ton, down 4.6% from the previous month and also down 18.4% compared to June 2018. On average for the first 6 months of 2019, coal prices reached 96.5 USD / ton, down 17.4% over the same period last year.

In the first half of July 2019, the country imported more than 2.2 million tons of coal, worth $ 191 million. Accumulated from the beginning of the year to July 15, 2019, the country imported nearly 23 million tons of coal with a total turnover of nearly $ 2.17 billion. Compared to the same period in 2018, the import volume increased by nearly 12 million tons, equivalent to an increase of 108%; turnover increased by 69.5%.

The largest volume of coal imported from Indonesia, reached 7.35 million tons in the first 6 months, worth 461.7 million USD, accounting for 35.6% of the total coal import volume of the country and accounting for 23 , 2% in total turnover, up 31% in volume and 16.5% in turnover over the same period last year. Import prices decreased by 11%, averaging 62.9 USD / ton.

Imports from Australia - the second largest market increased strongly by 191.8% in volume and 104.1% in turnover, reaching over 7.07 million tons, worth $ 796.46 million, accounting for 34, 3% of total volume and 40% of total turnover. Import prices decreased by 30%, reaching an average of 112.6 USD / ton.

Coal Mining in Australia

Import of this commodity group from the Russian market decreased by 15.9% in price, reached an average of 88.5 USD / ton, the import volume increased by 231.8%, reaching 3.68 million tons, the turnover increased by 179%, reaching USD 325.24 million, accounting for 17.8% of the total volume and accounting for 16.3% of the total turnover.

Coal export operations in Russia

Coal imported from the Japanese market also increased strongly by 134.9% in volume and 110.6% in turnover, reaching 21,835 tons, equivalent to 6.82 million USD.

Coal export activities in Japan

However, coal import from Malaysia dropped sharply 99% in volume and 97.9% in turnover, reaching 1,004 tons, equivalent to $ 0.2 million.

Currently, the demand for coal in the country is increasing , especially for thermal power plants, while the mining output is low, so coal imports continue to increase strongly.

Thuan Hai Joint Stock Company

Address:  Thuan Hai Building, Lot Vb.20a2, Street 24, Tan Thuan Export Processing Zone, Tan Thuan Dong Ward, District 7, City. Ho Chi Minh City, Vietnam

Hotline: 1900 1766

Email: marketing@thuanhai.com.vn

Website:  https://thuanhai.com.vn/

>>> Read the article: Coal import, sustainable development direction for Vietnam's coal industry