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Tin May 26, 2017 02:00:05 AM

Korea's PPS announces first Tin purchase of 2017

ITRI
ScrapMonster Contributor
The purchases represent the first two tenders held by PPS in 2017.
Korea's PPS announces first Tin purchase of 2017

SEATTLE (ITRI.CO.UK): South Korea's Public Procurement Service (PPS) bought 200 tonnes of 99.9% Indonesian tin from Daewoo at its latest tender on 23 May, including 100 tonnes at 400ppm lead at a US$480 cif premium to the LME price and 100 tonnes of 100ppm low-lead tin at a premium of US$580. 

The purchases represent the first two tenders held by PPS in 2017. PPS is a state organisation providing a purchasing and stockpiling service for small and medium-sized enterprises in Korea, The organisation bought 700 tonnes of refined tin in 2016, well down of typical levels of some 2,000 tpy in previous years.

Courtesy: www. itri.co.uk