{"id":10110,"date":"2012-04-20T04:21:30","date_gmt":"2012-04-20T02:21:30","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/euro-coal-june-s-african-trades-at-99t-down-1\/"},"modified":"2012-04-20T04:21:30","modified_gmt":"2012-04-20T02:21:30","slug":"euro-coal-june-s-african-trades-at-99t-down-1","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-june-s-african-trades-at-99t-down-1\/","title":{"rendered":"Euro Coal-June S.African trades at $99\/T, down $1"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* U.S. could ship 12 million T thermal coal to China in 2012<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Bearish Beijing conference mood despite strong imports<br \/>\noutlook<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, April 19<\/span> (Reuters) &#8211; European physical coal prices<br \/>\nslipped by around 50 cents for the fifth day running on Thursday<br \/>\nwhile prompt South African FOB dropped by $1.00 due to<br \/>\noversupply and tepid demand, despite strong coal consumption in<br \/>\nthe UK, Germany and Spain.<\/p>\n<p><span><\/span><\/p>\n<p>Even if coal remains significantly cheaper than gas as a<br \/>\nfuel to generate power in Europe this year, it is unlikely that<br \/>\nenough of the current high inventories will be consumed to<br \/>\ntrigger notable fresh buying, utilities said.<\/p>\n<p><span><\/span><\/p>\n<p>Utilities in the UK, Germany and Spain are burning a<br \/>\nseasonally high proportion of coal because it is more profitable<br \/>\nversus gas and because the UK and Germany are trying to destock,<br \/>\nthey said.<\/p>\n<p><span><\/span><\/p>\n<p>During April-September, European coal consumption is usually<br \/>\nat its lowest because gas provides the most economic baseload<br \/>\npower but high gas prices and tight supply are spurring<br \/>\nutilities which can maximise their coal burn to do so.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The UK is one of the few bright spots of demand, it&#8217;s weak<br \/>\nalmost everywhere else,&#8221; one utility source said.<\/p>\n<p><span><\/span><\/p>\n<p>As fast as coal is moved from stockpiles to plants, more is<br \/>\narriving, much of it Colombian and U.S. coal bought previously<br \/>\nby traders.<\/p>\n<p><span><\/span><\/p>\n<p>The slow return of China to the spot market has not helped<br \/>\nthese trader longs &#8211; although China is set to import more this<br \/>\nyear, the fresh buying expected from February has yet to<br \/>\nmaterialise in volume.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* U.S. could ship 12 million T thermal coal to China in 2012 * Bearish Beijing conference mood despite strong imports outlook LONDON, April 19 (Reuters) &#8211; European physical coal prices slipped by around 50 cents for the fifth day running on Thursday while prompt South African FOB dropped by $1.00 due to oversupply and [&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-10110","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\/10110","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=10110"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10110\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}