{"id":10210,"date":"2012-04-24T04:29:20","date_gmt":"2012-04-24T02:29:20","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/euro-coal-july-des-trades-at-api2-3-10\/"},"modified":"2012-04-24T04:29:20","modified_gmt":"2012-04-24T02:29:20","slug":"euro-coal-july-des-trades-at-api2-3-10","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-july-des-trades-at-api2-3-10\/","title":{"rendered":"Euro Coal-July DES trades at API2 -$3.10"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* July index trades equate to around $93\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* ARA stockpiles higher than year-ago levels<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, April 23<\/span> (Reuters) &#8211; European prompt physical coal<br \/>\nprices were little changed on Monday but two Q3 DES ARA trades<br \/>\ntook place at over $3.00 a tonne below the API2 index, a level<br \/>\nwhich some players took as a bearish signal.<\/p>\n<p><span><\/span><\/p>\n<p>July DES ARA cargoes were valued at around $96.50 a tonne on<br \/>\nMonday at the time the index-linked trades went through, valuing<br \/>\nthem at around $93.00, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;This doesn&#8217;t bode well for Q3 prices if anybody&#8217;s willing<br \/>\nto sell at that kind of a discount now,&#8221; one trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Stockpiles in Amsterdam-Rotterdam-Antwerp are significantly<br \/>\nhigher than year-ago levels, which will help cap any price rises<br \/>\nduring the next several months.<\/p>\n<p><span><\/span><\/p>\n<p>EMO, EBS and OBA stockpiles were over 5.6 million tonnes at<br \/>\nthe end of last week, with a further 2-3 million in smaller<br \/>\nterminals.<\/p>\n<p><span><\/span><\/p>\n<p>Most of this coal was pre-bought by utilities and traders<br \/>\nwho believe the market contango justifies carrying stocks until<br \/>\nthe winter, when consumption and prices are expected to be<br \/>\nstronger but the size of inventories has got to be a<br \/>\ndisincentive to buy fresh cargoes, they said.<\/p>\n<p><span><\/span><\/p>\n<p>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* July index trades equate to around $93\/T * ARA stockpiles higher than year-ago levels LONDON, April 23 (Reuters) &#8211; European prompt physical coal prices were little changed on Monday but two Q3 DES ARA trades took place at over $3.00 a tonne below the API2 index, a level which some players took as a [&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-10210","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\/10210","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=10210"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10210\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}