S.Korea buys 3,500 T copper, 1,000 T zinc for Nov

miércoles 21 de septiembre de 2016 05:43 GYT
 

SEOUL, Sept 21 (Reuters) - South Korea bought 3,500 tonnes
of copper and 1,000 tonnes of zinc for November and reissued a
tender to seek another 1,000 tonnes of zinc, the state-run
Public Procurement Service said on its website (www.g2b.go.kr).
    The agency sought to buy a combined 2,000 tonnes of zinc via
tenders that closed on Wednesday, but it passed to purchase
1,000 tonnes of zinc due to low participation.
    The reissued tender for zinc with a minimum purity of 99.995
percent will close at 2 pm (0500 GMT) on Sept. 27 and bids will
open an hour after the deadline.
    Details of the purchase and the tender are as follows:
    
    --Copper, Zinc purchase
    METAL TYPE  TONNES(M/T)  ORIGIN       PREMIUM/SUPPLIER
        Copper        3,500   Chile        $57/ Andus Metal
          Zinc        1,000   South Korea  $185/ Youngpoong Corp
    
    *Note: The above premiums were made over London Metal
Exchange (LME) prices.
    
    --Reissued zinc tender
    TONNES(M/T)    ARRIVAL/PORT
          1,000    Nov.11/busan
    
    *Note: Two countries as origin is not acceptable and the
metal products should be from London Metal Exchange
(LME)-registered brands.

 (Reporting By Jane Chung; Editing by Gopakumar Warrier)