{"id":10055,"date":"2012-04-19T04:20:59","date_gmt":"2012-04-19T02:20:59","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/euro-coal-down-for-fourth-day\/"},"modified":"2012-04-19T04:20:59","modified_gmt":"2012-04-19T02:20:59","slug":"euro-coal-down-for-fourth-day","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-down-for-fourth-day\/","title":{"rendered":"Euro Coal-Down for fourth day"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* June ARA trades at $95.75\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Few trades done at Beijing coal conference<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, April 18<\/span> (Reuters) &#8211; European physical coal prices<br \/>\nslipped by around $1.00 for the fourth successive day on<br \/>\nWednesday, pressured by oversupply and despite the strengh of<br \/>\ngas in Europe, utilities and traders said.<\/p>\n<p><span><\/span><\/p>\n<p>May and June API4 swaps &#8211; which settle against South African<br \/>\nphysical prices &#8211; traded at $100 earlier on Wednesday, a fall of<br \/>\nwhich pulled physical bids down to the same level although no<br \/>\nfresh trades were reported.<\/p>\n<p><span><\/span><\/p>\n<p>The DES ARA market showed a sharper fall &#8211; June DES ARA<br \/>\ntraded at $95.75, down $1.50 from the previous day&#8217;s last trade.<\/p>\n<p><span><\/span><\/p>\n<p>Looking purely at the margins to be made in generating power<br \/>\nfrom different fuels, coal is more economic in Europe currently<br \/>\nthan gas but while the coal burn remains fairly healthy,<br \/>\nutilities say they are unlikely to need to buy more than minimal<br \/>\ntonnages for Q4.<\/p>\n<p><span><\/span><\/p>\n<p>Utilities and traders are still sitting on large inventories<br \/>\nin ARA and at power plants with more coal due to flow in under<br \/>\nterm contract which should cover their winter needs.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Utilities are all full already for this year, the problem<br \/>\nis having too much coal,&#8221; one utility source said.<\/p>\n<p><span><\/span><\/p>\n<p>Coal can be stored for several months to a year or more if<br \/>\nit is properly compacted and the stockpiles are managed but the<br \/>\ncost of carrying inventory plus the cost of maintaining it and<br \/>\nmoving it off stockpile, when added together, is less than the<br \/>\nslim contango between Q2 and Q4, they 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 ARA trades at $95.75\/T * Few trades done at Beijing coal conference LONDON, April 18 (Reuters) &#8211; European physical coal prices slipped by around $1.00 for the fourth successive day on Wednesday, pressured by oversupply and despite the strengh of gas in Europe, utilities and traders said. May and June API4 swaps &#8211; [&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-10055","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\/10055","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=10055"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10055\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10055"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10055"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10055"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}