S.Korea seeks to buy copper, zinc for October arrival

YoungPoong

13/07/2018 05:48

SEOUL, July 13 (Reuters) - South Korea is seeking to buy 1,000 tonnes of
copper and 1,000 tones of zinc for October arrival, the state-run Public
Procurement Service said on its website. www.g2b.go.kr. 
    The agency bought 1,000 tonnes of zinc for delivery by Sept. 20 via a
private contract, according to the website, and declined to buy 1,000 tonnes of
zinc for October arrival as it received a single bid. 
    Details of the new and declined tenders and purchase are as follows:
    
    --Tenders 
    Zinc tender to close on July 18
    TONNES(M/T)    ARRIVAL/PORT     BID CLOSING TIME
         1,000     Oct. 6/Busan     2 p.m. (0500 GMT) 
    
    Copper tender to close on July 26
    TONNES(M/T)    ARRIVAL/PORT     BID CLOSING TIME
         1,000     Oct. 26/Incheon  1 p.m. 
       
    * Note: Two countries as origin is not acceptable and the metal products
should be from London Metal Exchange (LME)-registered brands.
    
    --Zinc purchase
    TONNES(M/T)    ORIGIN        SUPPLIER/PREMIUM(PER TONNE)
          1,000    South Korea   Young Poong Corp./ $148
        
    --Declined zinc purchase  
    TONNES(M/T)    ARRIVAL/PORT
         1,000     Oct. 2/Incheon
    
    * Note: The above premiums were made over London Metal Exchange (LME)
prices.

 (Reporting by Jeongmin Kim; Editing by Subhranshu Sahu)
 ((Jeongmin.Kim@thomsonreuters.com;))