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Friday, 29 May 15
SOUTH KOREAN STATE-OWNED UTILITY KOREA MIDLAND POWER INVITES BIDS FOR 780K MT OF COAL FOR H2' 15
KOMIPO LogoCOALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender to buy total 780K Metric Tons (MT) of HCV and LCV coal for Q3 and Q4 supplies for Boryeong Power Plant.

The total 780,000 Mt of HCV (500K) and LCV (280K) coal should be shipped on FOBT, within Q3 and Q4  2015 by four cape size vessels and four panamax vessels. Bidders are requested to propose 4 shipment. At least 2 shipment should be proposed for Q3. China and Russian coal are not allowed to offer, one of the tender norms says.

KOMIPO requires the suppliers to offer coal with the quality such as Total Moisture (As received basis) Max. 28%, Volatile Matter (Air dried basis) Min 22 Max 36%, Fixed Carbon (Air dried basis) Max 60%, Total Sulfur(As received basis) Max 1.0% and Ash (Air dried basis) Max 17% for minimum 4600 kcal/kg coal on NAR basis.

For 5700 kcal/kg on NAR basis, the Total Moisture (As received basis) should be Max. 15%, Volatile Matter (Air dried basis) Min 22 Max 45%, Fixed Carbon (Air dried basis) Max 60%, Total Sulfur(As received basis) Max 1.0% and Ash (Air dried basis) Max 17%.

According to the tender document, bidders are requested to offer a single fixed price for 125,000 Mt × 4 and 70,000 mt X 4 minimum two shipments in Q3 and Q4 of 2015.

Submissions of bids should not later than 14:00hrs on June 5, 2015 (Korean Standard Time). New bidders are not allowed to attend this tender.

The Bid documents can be submitted in person, by mail or courier to the address below not later than the deadline.

Mr. Min-Soo Kim
General Manager / Fuel & Resource Team
Procurement & cooperation Office
Korea Midland Power Company Limited
38, Teheran-ro 114-gil, Gangnam-gu, Seoul 135-851,
Republic of Korea


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Wednesday, 12 August 15
FOB NEWCASTLE COAL SWAP FLAT WEEK OVER WEEK
COALspot.com: API 5 FOB Newcastle Coal swap for 4Q’ 2015 delivery down $ 0.98 per MT (-2.20%) month over month to US$ 43.65 per mt. The swap ...


Tuesday, 11 August 15
GLOBAL PRODUCTION OF CRUDE STEEL REACHED A NEW ALL-TIME HIGH OF 1,661M TONNES IN 2014 - VDKI
COALpot.com: Global production of crude steel reached a new all-time high of 1,661m tonnes in 2014, said German Coal Importer Association, in its l ...


Tuesday, 11 August 15
2016 CFR S.CHINA COAL SWAPS CLOSED SLIGHTLY HIGHER THAN 4Q 2015 CLOSING PRICES; BUT NOT SIGNIFICANT
COALspot.com: API 8 CFR South China Coal swap for 4Q’ 2015 delivery declined just US cents 10 (0.20%) per MT month over month. A commodi ...


Monday, 10 August 15
SOUTH KOREAN UTILITY KOMIPO INVITES BITUMINOUS COAL BIDS FOR BORYEONG POWER PLANT
COALspot.com: South Korean state-owned utility Korea Midland Power (KOMIPO) issued an new tender for 560,000 Metric Tons (MT) of 4,600kcal/kg NAR c ...


Sunday, 09 August 15
THE PANAMAX MARKET HAS REMAINED WEAK THIS WEEK
COALspot.com: The freight market continued to be buoyant with cape index pushing the BDI. The BDI was up 10.49% and closed at 1200 points on 7 ...


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