S.Korea buys 3,500 T copper, 1,000 T zinc for Nov

YoungPoong

21/09/2016 10:43

SEOUL, Sept 21 (Reuters) - South Korea bought 3,500 tonnes 
of copper and 1,000 tonnes of zinc for November and reissued a 
tender to seek another 1,000 tonnes of zinc, the state-run 
Public Procurement Service said on its website (www.g2b.go.kr). 
    The agency sought to buy a combined 2,000 tonnes of zinc via 
tenders that closed on Wednesday, but it passed to purchase 
1,000 tonnes of zinc due to low participation. 
    The reissued tender for zinc with a minimum purity of 99.995 
percent will close at 2 pm (0500 GMT) on Sept. 27 and bids will 
open an hour after the deadline. 
    Details of the purchase and the tender are as follows: 
     
    --Copper, Zinc purchase 
    METAL TYPE  TONNES(M/T)  ORIGIN       PREMIUM/SUPPLIER 
        Copper        3,500   Chile        $57/ Andus Metal 
          Zinc        1,000   South Korea  $185/ Youngpoong Corp 
     
    *Note: The above premiums were made over London Metal 
Exchange (LME) prices. 
     
    --Reissued zinc tender 
    TONNES(M/T)    ARRIVAL/PORT 
          1,000    Nov.11/busan 
     
    *Note: Two countries as origin is not acceptable and the 
metal products should be from London Metal Exchange 
(LME)-registered brands. 
 
 (Reporting By Jane Chung; Editing by Gopakumar Warrier) 
 ((jane.chung@thomsonreuters.com; +82 2 3704 5667; Reuters 
Messaging: jane.chung.thomsonreuters.com@reuters.net)) 
 
Keywords: SOUTHKOREA METAL/TENDER