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S.Korea buys tin, aluminium; reissues tender to buy zinc

Published 26/10/2016, 01:05 pm
© Reuters.  S.Korea buys tin, aluminium; reissues tender to buy zinc
001120
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047050
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SEOUL, Oct 26 (Reuters) - South Korea bought 200 tonnes of tin and 1,000 tonnes of aluminium, while reissuing a tender to buy 1,000 tonnes of zinc, the state-run Public Procurement said on its website (www.g2b.go.kr).

Details of the purchase and the tender are as follows:

--Tin purchase

TONNES(M/T)

SUPPLIER/PREMIUM

ORIGIN

100

Posco Daewoo Corp/$575

Indonesia

047050.KS

100

LG Int'l Corp/$685

Thailand

001120.KS

* Note: The above premiums were made over London Metal Exchange (LME) prices. The tin products should arrive at the port of Busan by Nov. 25.

--Aluminium purchase

TONNES(M/T)

SUPPLIER/PREMIUM

ORIGIN

1,000

Dreample/$66.5

Australia

DRMPL.UL

*Note: The aluminium products should arrive at the port of Busan by Dec. 20.

--Zinc tender on Nov. 1

TONNES(M/T)

ARRIVAL/PORT

BID OPENING TIME

1,000

Jan.31, 2017/ Incheon

3 p.m. (0600 GMT)

*Note: Two countries of origin are not acceptable and the metal products should be London Metal Exchange (LME)-registered brands.

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