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UPDATE 1-S.Korea Buys 200 T Tin Ingot; Seeks 200 T More

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SEOUL, June 24 -- South Korea has bought 200 tonnes of tin ingot from local trading company Hanwha (000880.KS: Quote) via a tender on Wednesday, reissuing another tender to buy 200 tonnes after passing on it, the Public Procurement Service said.
The state-run procurement agency bought the metal of 99.85 percent purity at a premium of $320 per tonne over London Metal Exchange (LME) cash prices on a cost, insurance and freight (CIF) basis to be shipped by September 15 to the port of Incheon, the agency said on its website (<a href="http://www.g2b.go.kr">www.g2b.go.kr</a>)
Later on Wednesday, the agency said it had reissued a tender to buy 200 tonnes of tin ingot for September 15 arrival after passing on the tender earlier in the day because of a sole bidder.
The reissued tender for metal of 99.9 percent or better purity would close at 2 p.m. (0500 GMT) on June 29 for arrival at Incheon, the agency said.
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UPDATE 1-S.Korea Buys 200 T Tin Ingot; Seeks 200 T More_SMM | Shanghai Nonferrous Metals

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