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Thursday, 21 May 20
KOMIPO INVITED BIDS FOR TOTAL 610000 MT OF LCV AND HCV COAL FOR 2H 2020
 COALspot.com: South Korea’s Korea Midland Power Co. Ltd. (KOMIPO) has Issued an International Tender for 130,000 mt of 5700 NCV coal and 480,000 Mt of Min 4,600 - Max 4,999 NCV coal for Boryeong Power Plant & Shin Boryeong Power Plant.
According to the bid notice KOMIPO-bid notice-2020-SP03 & LT03 terms and conditions, the bidders are required offer 130,000 mt of 5700 NCV coal for July, 2020 loading and 480,000 Mt of Min 4,600 - Max 4,999 NCV coal for (CY1) July to December 2020 loading.
Basic terms of Inquiry for HCV coal (Min 5,700 NCV)
Quantity
130,000 Mt
Shipment Size
Cape size
Quality
Total Moisture (arb) : Max. 15
Volatile Matter (adb) : 22-38%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.8%
Net Calorific Value (arb) : Min 5,700 kcal/kg
Restrictions
New bidders are not allowed to attend this tender
Russian, Indonesian, Chinese, Colombian coal are not allowed to participate
Basic terms of Inquiry for LCV coal (Min 4,600 - Max 4,999 NCV)
Quantity
CY1: 480,000 MT, CY2- CY3: 960,000 MT
Shipment Size
6 Panamaxes : 80,000 MT (The shipment size must be at least 80,000MT, with a gearless vessel)
Quality
Total Moisture (arb) : Max. 28
Volatile Matter (adb) : 22-45%
Ash (adb) : Max. 17%
Total Sulphur (arb) : Max. 0.6%
Net Calorific Value (arb) : Min 4,600 - Max 4,999 Kcal/kg
(The coal to be delivered shall be entirely supplied from a single mine)
Restrictions
New bidders are not allowed to attend this tender
Russian, Chinese coal are not allowed to participate.
Loading Schedule
CY1 1st shipment : July, 2020 & Shipments 2-6 : Q3~Q4, 2020
CY2-CY3 : Evenly spread
Basic terms of Inquiry for Both types of Coal
Price Basis
One single fixed price (USD) based on FOBT
Procurement Method
International e-tender
Bid closing date
13:00 Hrs on May 28, 2020] (Korean Standard Time).
The Bid Documents must be delivered in person, by mail or courier to the address below to arrive by no later than the Bid Closing Date to Mr. You Shin Kim/ General Manager / Fuel Management Team, 1st floor Information Desk, Seoul Power Plant, Korea Midland Power Company Limited, 56, Tojeong-ro, Mapo-gu, Seoul, Republic of Korea
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Monday, 18 May 20
THERMAL COAL SPOT PRICE TUMBLES 25 PER CENT, PUTTING PRESSURE ON SOME PRODUCERS - ABC RURAL
The spot price for thermal coal has fallen 25 per cent per cent in the past month with one leading analyst saying it is because of a reduction in d ...
Monday, 18 May 20
CHINA'S COAL OUTPUT UP 1.3 PCT IN JANUARY-APRIL: XINHUA
Output of raw coal in China rose 1.3 percent year on year to 1.15 billion tonnes in the first four months this year, official data showed.
&nbs ...
Sunday, 17 May 20
A 55,000 OPEN ILIGAN FIXING AT $6,500 VIA INDONESIA REDELIVERY INDIA - BALTIC BRIEFING
Capesize
A precipitous fall in the market this week had the Capesize 5TC shedding over 50 per cent in value. A small rebound at the end of the ...
Friday, 15 May 20
CHINA'S COAL CONSUMPTION TO FALL Y/Y IN SECOND QUARTER, IMPROVEMENT EXPECTED IN SECOND HALF - INDUSTRY BODY: REUTERS
China’s coal consumption is expected to decline in the second quarter from a year earlier, but will see an improvement in the second half of ...
Thursday, 14 May 20
OPEC REVISES DOWN GLOBAL OIL DEMAND FORECAST AGAIN
Crude Oil Price Movements
Crude oil prices recorded a second sharp monthly drop in April, amid an increasing oil surplus in the spot market. Th ...
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