South Korea bought 2,000 tonnes of zinc for arrivals in September via tenders on Thursday, the state-run Public Procurement Service said on its website(www.g2b.go.kr).
Details of the purchase are as follows:
TONNE SUPPLIER PREMIUM(CIF/T)
1,000 Korea Zinc Inc $159
1,000 Young Poong Corp $159
* Note: The above premiums were made over London Metal Exchange (LME) prices.
The agency separately issued tenders to buy a total of 6,000 tonnes of aluminium and reissued a tender for 1,000 tonnes of lead after passing on the tender on Thursday. Details of the aluminium and lead tenders are as follows:
--Aluminium tenders at 3 p.m. (0600 GMT) on July 24
TONNE ARRIVAL/PORT ORIGIN
3,000 Sept 30/Incheon Western
3,000 Sept 30/Incheon Non-Western
* Note: For products of Western origin, the agency excludes those from China, India, Russia and Egypt. All of the metals should be from LME registered brands with minimum 99.7 percent purity.
--Lead tender at 2 p.m. (0500 GMT) on July 17
TONNE ARRIVAL/PORT
1,000 Sept 28/Busan
* Note: All of the products should be from LME registered brands with minimum 99.99 percent purity.