South Korea has bought 3,000 tonnes of high-grade primary aluminium ingot of Malaysian origin via tenders on Wednesday, state-run Public Procurement Service said.
According to the government procurement agency on its website (www.g2b.go.kr), the purchase details are as follows:
TONNES SELLER PREMIUM(CIF/T) ARRIVAL/PORT
2,000 Sumitomo Corp $115 Jan. 31/Busan
1,000 LG International Corp $114 Jan. 31/Busan
Note: The deals were signed at the above premiums over London Metal Exchange cash prices as the metals should be registered on the LME.
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