Data from the General Department of Customs shows that coal exports in April decreased by 50%, but the price of this product skyrocketed more than 3 times compared to the same period in 2021, reaching $418/ton.

According to the General Department of Customs, in April, the export of coal of all kinds reached 129.5 thousand tons, equivalent to 54 million USD, down 50% in volume and 10% in value compared to March 3.

Generally, in 4 months, coal exports reached 444 thousand tons, equivalent to nearly 128.5 million USD, up 4% in volume and 2.4 times in export turnover over the same period in 2021.

(Data:  General Department of Customs, Chart: Hoang Anh)

Notably, the export price of coal in April reached $418/ton, double that of March and more than three times higher than the same period in 2021.

Accumulating 4 months, the average export price of coal reached 280 USD/ton, an increase of 2.2 times compared to the same period in 2021.

(Data:  General Department of Customs, Chart: Hoang Anh)

Mr. Dang Thanh Hai, General Director of TKV, said that domestic demand for coal is still very high, especially coal for power production in the peak months of the hot season.

Therefore, in May, the Group needs to increase production and processing of coal to supply enough for the market and fulfill the target of producing 4 million tons of raw coal; coal consumed nearly 5 million tons, of which domestic consumption was 4.7 million tons.

At the same time, TKV commits to ensure sufficient coal supply for EVN’s thermal power plants to operate.

Specifically, in the second quarter, TKV will supply 5.1 million tons of coal to factories, exceeding the proposed plan by EVN by 300,000 tons, as well as ensuring coal supply in peak months.

Previously, the lack of 1.4 million tons of raw materials for thermal power plants by coal enterprises caused many units to stop or deflate.

In addition, TKV said that in April, the group exploited 4.3 million tons of coal, an increase of nearly 1 million tons compared to the average output of the year plan.

This is the 3rd month in a row that the coal mining output of the group has reached over 4 million tons; coal consumption reached over 4.5 million tons.

Accumulated in the first 4 months of the year, TKV’s raw coal output reached nearly 15 million tons, equaling 38% of the year plan, up 10% over the same period in 2021.

In addition, TKV has consumed 15.7 million tons of coal, reaching 36% of the year plan and increasing 12% compared to 2021. Of which, coal for thermal power is 11.7 million tons, reaching 33% of the year plan. , up 2% over the same period.

Regarding minerals, alumina production converted to 495 thousand tons, achieving 38% of the plan and increasing by 6% over the same period; Copper plate produced 10.5 thousand tons, achieving 35% of the year plan and increasing by 133% over the same period.

Thanks to good production and business, the total revenue of the first 4 months of the year is estimated at 47,879 billion VND, reaching 36% of the year plan.

T&G Import-Export Joint Stock Company

Address: 352 Hue Street, Le Dai Hanh Ward, Hai Ba Trung District, Hanoi

Hotline: 02473010868

Email: hrm@tginterjsc.com

Website: http://tgimportexport.com