Korea's PPS announces first Tin purchase of 2017
The purchases represent the first two tenders held by PPS in 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
Scrap Metal Prices
| Copper Scrap | ||
| Alternator | 0.40 | $US/Lb |
| #1 Copper Bare Bright | 4.21 | $US/Lb |
| Aluminum Scrap | ||
| 356 Aluminum Wheels (Clean) | 0.82 | $US/Lb |
| 6061 Extrusions | 0.72 | $US/Lb |
| Steel Scrap | ||
| #1 Bundle | 360.00 | $US/MT |
| #1 Busheling | 380.00 | $US/MT |
| Electronics Scrap | ||