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Wednesday, 07 April 21
KOMIPO ISSUED A TENDER FOR TOTAL 1,560,000 METRIC TONS OF BITUMINOUS COAL
 COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued a tender for total 1,560,000 Metric Tons of Bituminous coal for its Boryeong & Shin Boryeong Power Plants
According to the tender, the total quantity of coal to be purchased is 1,560,000 Metric Tons (MT) per three years. The coal shall be shipped at the port of loading in accordance with the following schedule:
Quantity
520,000 MT per annum of min 5,700 kcal/kg NAR coal to be loaded in 2021
Delivery Period
CY1: 1st shipment : June, 2021; 2nd shipment : July, 2021 and 3rd~4th shipment: Q2,2021~Q4,2021
CY2: Q1,2022~Q4,2022 Evenly spread
CY3: Q1,2023~Q4,2023 Evenly spread
Quality Specifications (based on ASTM standards)
According to the tender terms, total moisture (as received basis) of coal for Min 5,700 Kcal/kg NAR should not more than 15% and volatile matter (adb) restricted in between min 22% to max 38 %. The total sulfur (arb) of 5700 NAR coal also limited to max 0.7%, calorific value minimum 5700 kcal/kg and Ash (adb) should not more than 17%.
Restrictions:
New bidders are not allowed to attend this tender
Bidders should propose Two(1st and 2nd) shipment for CY1(2021) at one single fixed price
The shipment size must be at least 130,000MT, with a gearless vessel.
Submissions of bids should not later than 10:00Hrs on April 12, 2021 (Korean Standard Time).
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Wednesday, 07 April 21
MARKET INSIGHT - INTERMODAL
Following the end of the catholic easter, during which the majority of shipping market participants were on holidays, it is interesting to note a f ...
Wednesday, 07 April 21
COAL USED TO GENERATE ELECTRIC POWER IN U.S. WILL INCREASE BY 13 PERCENT TO 495 MMST IN 2021 - EIA
EIA expects U.S. coal production to total 585 MMst in 2021, 46 MMst (9%) more than in 2020. In 2022, EIA expects coal production to grow by an addi ...
Wednesday, 31 March 21
CHINA TAIYUAN COAL TRANSACTION PRICE INDEX UP 0.12 PCT - XINHUA
China Taiyuan coal transaction price index stood at 139.03 points Monday, up 0.12 percent week on week.
The index, released by China ...
Wednesday, 31 March 21
MARKET INSIGHT - INTERMODAL
Over the past week, the biggest story has been the blockage of the Suez Canal, as a result of the grounding of the container ship Ever Given. At th ...
Monday, 29 March 21
MOODY'S: OUTLOOK FOR GLOBAL METALS AND MINING INDUSTRY TURNS POSITIVE ON HIGHER EBITDA IN PANDEMIC'S WAKE
- Demand for steel, iron ore and copper will rise, while aluminum, nickel and zinc will remain in surplus
- EBITDA is expected to ...
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