South Korea’s Komipo buys high calorific value coal

South Korean utility Korea Midland Power (Komipo) has bought three Capesizes of NAR 5,900kcal/kg coal South African coal and one Capesize of the same-specification Canadian coal for about $114/t each and $118/t, respectively.

All shipments are on a fob and NAR 6,080kcal/kg basis, and are to be delivered from October to December. The utility had originally sought only 260,000t of at least NAR 5,700kcal/kg coal.

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