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Tuesday, 12 September 17
KOMIPO TO IMPORT 2.5 MILLION TONS OF 5700 NAR COAL FOR 5 YEARS
KomipoCOALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for total 500,000 Metric Tons of Bituminous coal for its Boryeong Power Plant per annum. Recently KOMIPO has issued a bid invitation for around 6.235 Million tons of 5100 - 5400 and 5700 NAR coal for 2017 to 2022. The bids submission date for this tender is 15 September 2017.

According to the tender, the total quantity of coal to be purchased is 2,625,000 Metric Tons (MT) for five years and two months on Index-linked to Global Coal Index on FOBT. The coal shall be shipped at the port of loading in accordance with the following schedule:

Quantity
LT05 -- 125,000 MT for November to December 2017 and 500,000 MT per annum for the period starting from year 2018, 2019, 2020, 2021 and 2022.

Shipment size
70,000MT (+/-10%)- 90,000MT(+/-10%), 130,000MT (+/-10%)

Quality (based on ASTM standards)
Total Moisture (arb) Max. 15%
Volatile Matter (adb) Min 22 - Max 38%
Ash (adb) Max 17%
Total Sulfur (arb) Max 1.0%
Net Calorific Value Min 5,700 Kcal/Kg

Shipment period
Nov - Dec 2017
CY 2018
CY 2019
CY 2020
CY 2021
CY 2022

Restrictions:
Russian and Chinese coals are not allowed to attend
Marketing companies and traders are not allowed to attend.

Bid closing date
September 19, 2017 12:00 kST

The Bid documents can be submitted in person, by mail or courier not later than August 16, 2017, to Mr. You ShinKim/ General Manager / Fuel 1 Team, Smart work center Seoul Power Plant, Korea Midland Power Company Limited, 56, Tojeong-ro, Mapo-gu, Seoul, Republic of Korea.


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Recent News

Thursday, 14 September 17
THE FIRM COAL TRADE IS SUPPORTING SUPRAS; FIXING AROUND LOW $13000 WITH DELIVERY THAILAND - FEARNLEYS
Supramax This week has brought Supras firm rates and numerous orders. Scrap orders from Cont to Med still pay $11000 and Fertilizer from Baltic t ...


Thursday, 14 September 17
KOMIPO INVITED BIDS FOR 5700 NAR BITUMINOUS COAL FOR BORYEONG POWER PLANT; 390K MT FOR NOV LOADING
COALspot.com: South Korea state-owned utility Korea Midland Power (KOMIPO) issued an another new tender for 390,000 Metric Tons of Bituminous coal ...


Wednesday, 13 September 17
U.S. COAL EXPORTS FOR THE FIRST SIX MONTHS OF 2017 WERE 55% HIGHER COMPARED TO THE SAME PERIOD IN 2016 - EIA
COALspot.com: EIA expects the share of U.S. total utility-scale electricity generation from natural gas to fall from an average of 34% in 2016 to a ...


Wednesday, 13 September 17
SOME THOUGHTS ON NORTH KOREA, US & CHINA - THEODORE NTALAKOS
The trade volume between North Korea and China is more than $5 billion per year. 83% of North Korea's exports end up in China; similarly, about ...


Tuesday, 12 September 17
NEWCASTLE FOB PRICES ROSE STRONGLY AND ARE NOW THREATENING TO BREAK THROUGH US$100/T - DANIEL HYNES
COALspot.com: The rise in crude oil market supported further gains in thermal coal, says Daniel Hynes Senior Commodity Strategist at ANZ. Acco ...


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