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Five S.Korean utilities buy 1.075 million T of coal

Published 13/12/2017, 07:41 pm
Updated 13/12/2017, 07:50 pm
Five S.Korean utilities buy 1.075 million T of coal

SEOUL, Dec 13 (Reuters) - Five South Korean state-run utilities bought a total of 1.075 million tonnes of Australian coal for shipment between February and the second quarter of 2018, a source from one of the utilities said.

Korea East West Power Co Ltd (EWP) issued the tender on behalf of the five utilities.

The other four utilities are Korea South East Power Co Ltd (KOEN), Korea Midland Power Co Ltd (KOMIPO), Korea Western Power Co Ltd (WP) and Korea Southern Power Co Ltd (KOSPO).

Details of the purchase are as follows:

TONNES(M/T)

SPECIFICATION(NCV)

PRICE(FOB/T)

700,000

min. 5,700 kcal/kg

$92

375,000

min. 4,600 kcal/kg

$83

*Note: NCV stands for Net Calorific Value.

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