Korea Southern Power Co Ltd (KOSPO) bought a total of 290,000 tonnes of high calorific coal for September loading via a tender that closed on Monday, a source from the utility said on Tuesday.
The utility originally planned to buy a total of 435,000 tonnes of coal, but declined to purchase one 145,000-tonne cargo due to high prices, the source said.
Other details of the purchase are as follows:
TONNES(M/T) SPECIFICATION(NCV) ORIGIN PRICE(FOB/T)
145,000 X 2 min. 5,800 kcal/kg Australia around $79
*Note: NCV stands for Net Calorific Value.
Reporting By Jane Chung