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  • FOR 2020, FORECASTS HAVE GONE FROM A 12 MILLION TONS PRE-COVID DEFICIT TO A 56 MILLION TONS POST-COVID SURPLUS IN INTERNATIONAL STEAM COAL SUPPLY, MAINLY DUE TO LOWER IMPORTS IN CHINA AND INDIA - ASSOCARBONI
  • SEABORNE WORLD COAL TRADE CLOSED 2019 POSITIVELY WITH A 2% ANNUAL GROWTH AND CONFIRMING A GROWING TREND LEADING TO A 50% INCREASE IN VOLUMES IN 10 YEARS - ASSOCARBONI
  • EUROPE GENERATES ELECTRICITY MAINLY FROM COAL (18,2%) AND FROM NUCLEAR (25,5%), CUTTING THE COSTS OF ELECTRICITY BILLS BY AN AVERAGE 30% - ASSOCARBONI
  • COAL CONFIRMED ITS LEADERSHIP AS LEADING FUEL FOR ELECTRICITY GENERATION ALSO IN 2019, ACCOUNTING FOR 38% OF OVERALL PRODUCTION AND CLOSING 2019 WITH A 2% INCREASE IN SEABORNE COAL TRADE (1.290 MILLION TONS) - ASSOCARBONI
  • VIETNAM, INDIA, CHINA AND PHILIPPINES ARE THE COUNTRIES THAT CONTRIBUTED THE MOST TO THE GROWTH IN COAL VOLUMES DURING 2019, ACHIEVING RECORD RESULTS IN TERMS OF IMPORT - ASSOCARBONI
  • FOR 2021 EXPECTED AN INCREASE IN SEABORNE COAL TRADE, DRIVEN BY IMPORTS OF NEW EMERGING ASIAN ECONOMIES INCLUDING PAKISTAN, BANGLADESH, PHILIPPINES, MALAYSIA AND VIETNAM - ASSOCARBONI
  • CONFIRMED THE GROWTH TREND THAT IN THE LAST TEN YEARS HAS LED TO A 50% INCREASE IN THE COAL MARKETED VOLUMES - ASSOCARBONI
  • AUGUST 2020 INDONESIAN COAL PRICE REFERENCE FOR EXPORTS AND DOMESTIC BUYERS INCLUDING POWER PRODUCERS FIXED AT US$ 50.34 A TON

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Monday, 16 September 19
KOREA SOUTH-EAST POWER INVITES BIDS FOR MAX 1,290,000 METRIC TONS OF STEAMING COAL
EWP Korea LogoCOALspot.com: South Korea’s Korea East-West Power Co. Ltd has issued an international tender for total 1,290,000 Metric Tons steam coal.
 
According to the bid notice no. EWP-COAL–2019–LT06~08 terms and conditions, the bidders are required offer 140kt-280kt of Min. 5,600 kcal/kg NAR coal (2019-LT06) for Dec.2019 delivery, 140kt-420kt of Min. 5,600 kcal/kg NAR coal (2019-LT07) for Jan.2020-Mar.2020 delivery and 75kt-150kt of Min. 4,400kcal/kg NAR coal (2019-LT08) for Nov.2019~Dec.2019 delivery.
 
Loading Period
2019-LT06
1st year – 140kt - 280kt
2nd and 3rd Year - 2nd to 3rd year 280kt~560kt/year (delivery Jan.2020~Dec.2021)
 
2019-LT07
1st year – 140kt - 420kt
2nd and 3rd Year - 280kt-840kt/year (delivery Apr.2020-Mar.2022)
 
2019-LT08
1st year – 75kt~150kt
2nd and 3rd Year - 150kt~300kt/year (delivery Jan.2020~Dec.2021)
 
Price
One Single Fixed Price on FOBT
 
Restrictions:
Russian Coal is not allowed
 
Quality 
2019-LT06 & LT07 - Min. 5,600 kcal/kg NAR (Ash Max 17% & Sulphur Max 0.5%)
Total Moisture (arb) : Max. 15%
Volatile Matter (adb) : Min 22 - 38
Ash (adb) : Max 17%
Total Sulfur (arb) : Max 0.5%
Net Calorific Value : Min. 5600 Kcal/Kg minimum
 
2019-LT08 - Min. 4,400kcal/kg NAR (Ash Max 10% & Sulphur Max 0.5%)
Total Moisture (arb) : Max. 40%
Volatile Matter (adb) : Min 22 - 45
Ash (adb) : Max 10%
Total Sulfur (arb) : Max 0.5%
Net Calorific Value : Min. 4400 Kcal/Kg minimum
- Single Mine Only
 
Procurement Method
International e-tender
 
Bid closing date
10:00 A.M., 18th September, 2019 (Korean Standard Time)
 
The Bid documents shall be submitted to Ki-Sung Hong / Managing Director, Procurement Division, Korea East-West Power Co. Ltd., 395, Jongga-ro, Jung-gu, Ulsan, 44543, Korea or coalbidding at ewp.co.kr. If the bidder submits the bid documents by e-mail, the documents shall be locked. The bidder shall notify the password set up the subject documents by e-mail (coalbidding@ewp.co.kr) within 30 minutes after bid closing time.


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Recent News

Thursday, 06 August 20
KOREA SOUTH-EAST POWER INVITING BIDS FOR MIN 3,600-MAX 3,800 NCV COAL
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) inviting bids for 80,000 Tons (MT) Min 3,600~Max 3,800 kcal/kg NCV coal f ...


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NO NEW MINING LICENSES - A REMINDER TO GOVERNORS IN INDONESIA - SSEK
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Tuesday, 04 August 20
KOEN INVITED BIDS FOR TOTAL 900K MT OF MIN 5600 NCV COAL FOR 3 YEARS
COALspot.com: South Korea’s KOREA SOUTH-EAST POWER CO., LTD. (KOEN) has issued an international tender for 260,000 to 300,000 Tons (MT) min. ...


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