Korea Western Power Co Ltd (KOWEPO) and Korea Southern Power Co Ltd (KOSPO) the two state run utility companies of South Korea issued three different tenders for purchase of Non Coking Coal.
KOWEPO issued 372,000 MT coal tender due on 26 June’18 at 10:00 Hrs, while KOSPO issued two tenders of quantity 580,000 MT and 160,000 MT due on 26 June’18 and 22 June’18 respectively.
Details of Tenders:
| Company | Quantity(MT) | NCV(kcal/kg) | Loading Schedule | Links |
| KOWEPO | 110,000 | Min 5,700 | Aug-Sep’18 | Click Here |
| 110,000 | Min 5,200 | Aug-Oct’18 | ||
| 152,000 | Min 4,200 | Sep-Oct’18 | ||
| KOSPO | 580,000 | Min 5,700 | Jan’19 – Jun’21 | Click Here |
| 160,000 | Min 3,800 | Sep’18 | Click Here |
South African non-coking coal prices had witnessed slight correction this week, as miners had raised the prevailing discount on coal. The lingering tightness in coal supply had kept the coal index API-4 firm at USD 105 levels, but as a consequence of the increased discounts, offers for South African 5,500 NAR coal had come down to USD 88-89/MT, FoB Richards Bay, while 4,800 NAR coal prices was assessed at USD 70-71/MT, on FoB basis.
Indonesian non-coking coal prices had continued its upward trend, affected from the disruption in coal production during the festive month of Ramadan. Post Eid holidays, coal prices had surged to significant high levels that may hinder further trades in the coal market. Offer for Indonesian 5,500 GAR coal was heard at USD 71-72/MT, FoB Kalimantan. 4,200 GAR and 3,800 GAR coal price were assessed at USD 50/MT and USD 39/MT, respectively on the FoB basis.
Leave a Reply