{"id":10146,"date":"2012-04-21T04:21:53","date_gmt":"2012-04-21T02:21:53","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/update-1-carbopego-to-buy-uscolombian-coal-in-tender-traders\/"},"modified":"2012-04-21T04:21:53","modified_gmt":"2012-04-21T02:21:53","slug":"update-1-carbopego-to-buy-uscolombian-coal-in-tender-traders","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-carbopego-to-buy-uscolombian-coal-in-tender-traders\/","title":{"rendered":"UPDATE 1-Carbopego to buy US\/Colombian coal in tender-traders"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds background, Portugal&#8217;s likely coal consumption)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, April 20<\/span> (Reuters) &#8211; Portuguese utility Carbopego is<br \/>\nexpected to buy Colombian or U.S. coal when it awards its<br \/>\nrecently issued tender next week, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>Carbopego tendered for two cargoes of thermal coal to meet<br \/>\nits standard specifications, for delivery in June and August,<br \/>\ntraders said.<\/p>\n<p><span><\/span><\/p>\n<p>June DES ARA physical coal has been trading at around $95<br \/>\nto$96 a tonne this week. Carbopego is set to award at prices<br \/>\nclose to this level, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>Very high-sulphur U.S. coal of over 1.5 percent to 3 percent<br \/>\ncannot be used by Carbopego, which has no blending facilities<br \/>\nand prefers to burn straight from its stockpiles.<\/p>\n<p><span><\/span><\/p>\n<p>But the utility has for years taken Colombian and South<br \/>\nAfrican coal, mostly direct from producers.<\/p>\n<p><span><\/span><\/p>\n<p>Colombian coal and U.S. material with more than 1.25 percent<br \/>\nsulphur have been the cheapest coal origins delivered into<br \/>\nEurope for many months.<\/p>\n<p><span><\/span><\/p>\n<p>Producers and an increasing number of trader sellers have<br \/>\nscoured the globe for demand niches in which to place cargoes<br \/>\nnot wanted by oversupplied Europe. Cargoes have been sold in the<br \/>\npast month to Pakistan, Turkey and Israel in addition to the<br \/>\ngrowth markets of China and India.<\/p>\n<p><span><\/span><\/p>\n<p>Portugal and Spain are among the few hot spots of strong<br \/>\ncoal demand in Europe because of expensive gas and low hydro and<br \/>\nthis is likely to continue through this year, utility sources<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>Portugal is expected to burn 1.5-1.6 million tonnes of<br \/>\nimported coal this year, slightly higher than last year&#8217;s level.<\/p>\n<p><span><\/span><\/p>\n<p>Carbopego has already bought baseload coal supply for this<br \/>\nyear but may return to the market for a few more spot cargoes in<br \/>\nthe autumn.\t<\/p>\n<p> (Reporting by Jacqueline Cowhig, editing by Jane Baird and<br \/>\nHans-Juergen Peters)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds background, Portugal&#8217;s likely coal consumption) LONDON, April 20 (Reuters) &#8211; Portuguese utility Carbopego is expected to buy Colombian or U.S. coal when it awards its recently issued tender next week, traders said. Carbopego tendered for two cargoes of thermal coal to meet its standard specifications, for delivery in June and August, traders said. June [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10146","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10146"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10146\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}