Scorching heat drives Vietnam's July coal imports up 37% YoY

Vietnam's July coal imports jumped 36.8% from a year earlier to 7.3 million tonnes, the third-highest monthly tally this year after April and May's records, and the volume also recovered by 1.6% from June's three-month trough, according to the latest statistics from the Vietnam Customs.

The value of these coal imports increased even more sharply, rising 5.5% from June and surging 97.7% on year to notch $971 million in July, the Customs data show. This translated to an average import price of $133.1/tonne – near a historical high and up $41/t from the year-ago