Reuters reported that Korea East West Power Co has bought steaming coal via spot and five-year term tenders closed on September 19

The utility purchased 65,000 tonnes of Indonesian coal of 4,600 kcal/kg via a spot tender from Klandee Resources Pte Ltd

EWP also purchased a combined 710,000 tonnes per year of 4,600 kcal/kg coal in term tenders, more than double from 260,000 tonnes per year it originally sought.

The price was around USD 73 per tonne FOB

The company passed on another term tender seeking 260,000 tonnes per year of 5,100 kcal/kg coal

Source - Reuters

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