{"id":10016,"date":"2012-04-18T04:20:30","date_gmt":"2012-04-18T02:20:30","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/euro-coal-prices-dip-50c-june-ara-trades-at-96t\/"},"modified":"2012-04-18T04:20:30","modified_gmt":"2012-04-18T02:20:30","slug":"euro-coal-prices-dip-50c-june-ara-trades-at-96t","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-50c-june-ara-trades-at-96t\/","title":{"rendered":"Euro Coal-Prices dip 50c, June ARA trades at $96\/T"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* June DES ARA trades at $96\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Prompt coal seen disconnected from oil<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, April 17<\/span> (Reuters) &#8211; European physical coal prices<br \/>\ndipped by around 50 cents on Tuesday due to continued oversupply<br \/>\nwith only one fresh trade reported, utilities and traders said.<\/p>\n<p><span><\/span><\/p>\n<p>Oil prices nudged up close to $119 a barrel but spot coal<br \/>\nprices are much less aligned with the oil market than forward<br \/>\nvalues for 2013 and 2014, they said.<\/p>\n<p><span><\/span><\/p>\n<p>Bearish spot fundamentals were having more of an effect on<br \/>\ncoal values than other energy markets, they said.<\/p>\n<p><span><\/span><\/p>\n<p>Activity is likely to be even more muted in Europe this week<br \/>\nthan it has been in recent months because so many of the major<br \/>\nplayers are in Beijing for the biggest, annual China coal<br \/>\nconference.<\/p>\n<p><span><\/span><\/p>\n<p>China has resumed spot imports of low and standard-grade<br \/>\ncoal, but buyers are holding out for prices of less than $114 a<br \/>\ntonne CIF and sellers who need to shift prompt cargoes are<br \/>\naccepting these prices, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The trend is for prices to go down but the key is the<br \/>\nvalues achieved by U.S. Illinois high-sulphur coals. These are<br \/>\nbeing sold at extremely competitive prices,&#8221; said Martin<br \/>\nBlomendal, consultant with Energy Edge.<\/p>\n<p><span><\/span><\/p>\n<p>Illinois coal with 2.5-4.0 percent sulphur content has been<br \/>\ntrading at more than $20 a tonne discount to standard grade coal<br \/>\nprices, end-users and traders said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* June DES ARA trades at $96\/T * Prompt coal seen disconnected from oil LONDON, April 17 (Reuters) &#8211; European physical coal prices dipped by around 50 cents on Tuesday due to continued oversupply with only one fresh trade reported, utilities and traders said. Oil prices nudged up close to $119 a barrel but spot [&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-10016","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\/10016","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=10016"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10016\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}