June 24, 2016 / 8:02 AM / 2 years ago

S.Korea's KOSPO buys 276,000 T coal for Sept-Oct

SEOUL, June 24 (Reuters) - South Korea’s Korea Southern Power Co Ltd (KOSPO) bought a total of 276,000 tonnes of Russian steaming coal for arrival between September and October via spot tenders that closed on Thursday, a source from the utility said on Friday.

The utility had originally sought to purchase three 138,000-tonnne lots of coal, but the source said it passed to buy 138,000 tonnes of Colombian origin coal due to high prices. The utility would reissue a tender, the source added.

Details of the purchase are as follows:


138,000 CARBO ONE Mid-$51 Sept. 2H, 2016

138,000 CARBO ONE Mid-$51 Oct. 1-10,2016

Details of the passed tender are as follows:


138,000 5,800 kcal/kg FOBT ONLY Aug 2016

* Note: NCV stands for Net Calorific Value. The utility sought to purchase Colombian origin coal only. (Reporting By Jane Chung; Editing by Subhranshu Sahu)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below