{"id":10460,"date":"2012-05-03T20:32:21","date_gmt":"2012-05-03T18:32:21","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/euro-coal-prices-stabilise-after-5-days-of-falls\/"},"modified":"2012-05-03T20:32:21","modified_gmt":"2012-05-03T18:32:21","slug":"euro-coal-prices-stabilise-after-5-days-of-falls","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-stabilise-after-5-days-of-falls\/","title":{"rendered":"Euro Coal-Prices stabilise after 5 days of falls"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Utilities, traders buy prompt ARA, sell forward<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Indian cement firms buy Illinois coal to replace petcoke<\/p>\n<p><span><\/span><\/p>\n<p>* S.African prices remain close to 18-mth lows<\/p>\n<p><span><\/span><\/p>\n<p>* ARA prices hover just above 2-year lows<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, May 3 (Reuters) &#8211; European coal prices stabilised on<br \/>\nThursday as two-year low levels earlier in the week led to some<br \/>\nfresh buying by utilities and traders.<\/p>\n<p><span><\/span><\/p>\n<p>Prompt South African prices recovered slightly, having<br \/>\ntraded on Wednesday at the lowest level since October 2010 at<br \/>\n$97.00 FOB Richards Bay.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Recently, every time there&#8217;s been heavy selling and prices<br \/>\ndrop, it&#8217;s been the front months which have taken the hammering,<br \/>\nwhich has just deepened the contango and encouraged people to<br \/>\nbuy prompt and hold it,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>The short-term trend is still for weaker prices over the<br \/>\nnext few months, with pauses from time to time as just enough<br \/>\nbuying emerges to put a temporary floor under prices before the<br \/>\nslide starts again, utilities and traders said.<\/p>\n<p><span><\/span><\/p>\n<p>Prices in the second half of the year will depend upon how<br \/>\nmuch China and India import, and although the forecasts are<br \/>\nmostly bullish, India has historically failed to import enough<br \/>\ncoal to bridge the gulf between domestic supply and demand.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Utilities, traders buy prompt ARA, sell forward * Indian cement firms buy Illinois coal to replace petcoke * S.African prices remain close to 18-mth lows * ARA prices hover just above 2-year lows LONDON, May 3 (Reuters) &#8211; European coal prices stabilised on Thursday as two-year low levels earlier in the week led to [&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-10460","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\/10460","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=10460"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10460\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10460"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10460"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10460"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}