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S.Korea's EWP buys 400,000 T/Y coal via term tenders

Published 23/02/2016, 04:06 pm
© Reuters.  S.Korea's EWP buys 400,000 T/Y coal via term tenders

SEOUL, Feb 23 (Reuters) - Korea East-West Power Co Ltd KEPCOE.UL bought a total of 400,000 tonnes of Australian and Indonesian coal per year for shipment between April and May via two term tenders closed on Feb. 19, a source from the utility said on Tuesday.

Details are as follows (first contract year):

TONNES/YR SPECIFICATION(NCV) SUPPLIER

PRICE(FOB/T)

260,000

min. 5,300kcal/kg Flame SA

Around $42

140,000

min. 4,600kcal/kg Flame SA

Around $43

* Note: NCV stands for Net Calorific Value. Prices reported above are based on 6,080kcal/kg basis. Contract is from April 2016 to May 2020.

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