首页|S Korea agency buys 10,000 MT aluminium from Glencore
S Korea agency buys 10,000 MT aluminium from Glencore
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NSTL
South Korea's Public Procurement Service last week bought 10,000 metric tons of aluminium ingots from Glencore International AG in a tender, an official from the state-owned agency said. The agency is the biggest aluminium spot buyer in South Korea. Its purchase last week brought some activity back to the spot market in South Korea, which had been dull since the agency's previous purchase of 7,000 tons in April. Of the total 10,000 tons it bought, 7,000 tons were for Good Western brands, while the remaining 3,000 tons were of Chinese origin which isn't registered with the LME, the official said. Deliveries will be made within three or fur months after the letters of credit are issued, she said. However, she didn't reveal the price paid for the purchase. Trade sources in Seoul said the premiums paid for the Good Western brands were around 55 US dollars-59 US dollars/ton, cost, insurance and freight to major South Korean ports, while the premium for the Chinese origin aluminium was below 30 dollars/ton, CIF.
NSTL
