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Promoting consumption of coal inventory

( Update: 14/06/2014 )

 
II/2014 quarter forecast, the consumption of corporate products will continue to be difficult due to domestic coal consumption suffered stiff competition with outside entities.
 
According to Deputy General Director of Vinacomin, the coal markets are volatile, complex, troubled consumption, while global coal prices to reduce the signs of the second quarter compared with the first quarter the number of time categories coal inventory at about 600,000 tons. Group operating abreast of contract, according to the principles of customer sales, and settle a debt, however some customers still high debt balance, the consumption of certain types of hard coal , is the type of coal. Therefore, to achieve the target consumption from 9-10 million tons of coal in the second quarter; which, export 1.5-2 million tons and is expected to sell 7.5-8 million tonnes of domestic, corporate leaders have asked the unit to focus closely in the market and consumption measures appropriate and timely manner.
 
Besides continuing to encourage low unit cost increase consumption, Vinacomin asked the high unit cost of production cuts and find commercial solutions to promote the consumption of coal types survive more, and keep good relationship with clients to ensure better meet the requirements of categories, coal quality and delivery schedule. On the other hand, the logistics company, coal trading sticking to settle a liability and debt collection clients charcoal. For customers of overdue debts without the appropriate payment commitments, pause for coal.
 
To take advantage of favorable weather, the production unit to focus maximum production capacity to improve yield and quality of coal mining; implementation of measures to enhance coal production HG high quality, concentrated coal taken out plant hire, reduce inventory.
 
Besides, direction and operating units work harmoniously towards increasing consumption of domestic coal consumption, coal consumption of all kinds to meet market demand. In particular, coal preparation ready for delivery to the Mong Duong thermal power plant is in phase 2 trials run under quality contracts signed.
 
The logistics company will arrange for the car to ensure adequate levels in order to promote the recognition of the company's coal production, with the regular operation of the production unit for receiving the coal category served on schedule delivery of coal to customers; simultaneously balance the types of coal inventory to ensure every individual leg scheduled registration period, especially to ensure adequate supplies of coal for power backup.
 
Source: The Electronic Industry and Trade (http://www.vinanet.com.vn/)