Monday, July 24, 2017

KOSPO to Lift 290,000 Tons of Coal in September

Posted by July 11, 2017

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 

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