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Higher Premium at Latest Korean Tender (Tin)
Sep 8,2011 10:00CST
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Source:SMM
South Korea's Public Procurement Service, a state commodities stockpiling agency has bought 100 tonnes of standard grade tin from Hanwha Corp. for delivery by 11 November.

Sept. 8 (ITRI) -- South Korea's Public Procurement Service, a state commodities stockpiling agency has bought 100 tonnes of standard grade tin from Hanwha Corp. for delivery by 11 November. The PPS made the purchase at a premium of $800/tonne to the London Metal Exchange tin price on a cost, insurance and freight basis, it reported on its website. At its previous tender, announced on 22 August, the agency bought 300 tonnes from LG International for delivery by 4 November at a c.i.f. premium of $577/tonne. The PPS buys around 2,000 tonnes of tin a year and maintains a stock of metals as a service to small and medium-sized manufacturers .

 

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