S.Korea KOSPO buys 760,000 T coal for July-Sept

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 Jun 2010

Korea Southern Power Co Ltd (KOSPO) has bought a total of 760,000 tonnes of coal for power via tenders, a company source said on Tuesday. The utility had received 2.5 million tonnes of coal offers for its tenders closed last Thursday to buy a minimum of 550,000 tonnes for unloading in July and September. "While we received quite a large volume of offers, the offer prices showed the markets were still tight," said the source who declined to be identified because of the sensitivity of the issue.
While the source declined to disclose deal prices, details of the purchases are as follows:
TONNES NCV(kcal/kg) SHIPPING SCHEDULE
500,000 min 4,500 July-Sept, 2010
Note: Of the total, KOSPO bought 120,000 tonnes of Canadian origin, with the remainder of Indonesian origin.
TONNES NCV(kcal/kg) SHIPPING SCHEDULE
260,000 min 5,500 July-Sept, 2010
Note: KOSPO mixed Australian and Colombian origins, he added.

Source: Reuters