Google Website Translator Gadget

Tuesday, December 13, 2011

Morocco's JLEC launches three Panamax thermal coal tenders: trade

Tuesday, 13 December 2011

Moroccan generator Jorf Lasfar Energy has issued a tender for three 60,000 mt Panamax cargoes of thermal coal for March, April and May delivery, according to market sources.
The tender called for thermal coal with a minimum calorific value of 5,800 kcal/kg NAR, minimum 9% ash and maximum 1% sulfur.

One trader said it was "strange" that JLEC had lowered its typical sulfur content requirement from 1.5% to 1%, saying that he assumed it was because the generator had concluded a recent supply contract with a Russian producer and needed more lower-sulfur material.
Bids are due by December 20 and valid until December 22.

JLEC last month awarded a tender for four Panamaxes for delivery in January-April to a Switzerland-based trader-producer at a price in the region of $115.50-115.90/mt CIF Jorf Lasfar, according to traders.
JLEC regularly tenders for spot shipments for its coal-fired plant, which has an installed capacity of 1,372 MW, providing around one third of Morocco's electricity supply.

Source: Platts

No comments: