S.Korea buys 6,000 tonnes of aluminium ingot

Thursday, Dec 24, 2009
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SEOUL, Dec 23 (Reuters) - South Korea has bought 6,000 tonnes of aluminium ingot for shipping between Feb. 1 and Mar. 31 to the port of Incheon, the state-run Public Procurement Service (PPS) said on Wednesday. The agency bought 3,000 tonnes of western origin from Trafigura at a premium of $126 a tonne over London Metal Exchange (LME) cash prices, on a cost, insurance and freight (CIF) basis, and the remainder of Indian origin from Glencore at a premium of $131 a tonne over LME cash prices, CIF, a PPS official said. (Reporting by Shin Jieun; Editing by Jonathan Hopfner)

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