{"id":10699,"date":"2012-05-25T22:02:04","date_gmt":"2012-05-25T20:02:04","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/euro-coal-prices-dip-china-sees-domestic-coal-defaults\/"},"modified":"2012-05-25T22:02:04","modified_gmt":"2012-05-25T20:02:04","slug":"euro-coal-prices-dip-china-sees-domestic-coal-defaults","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-china-sees-domestic-coal-defaults\/","title":{"rendered":"Euro Coal-Prices dip, China sees domestic coal defaults"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* June ARA bid at $82.25\/T with no offer<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Chinese utilities default on domestic coal sales<\/p>\n<p><span><\/span><\/p>\n<p>* Formosa Plastics seeks further shipment deferrals<\/p>\n<p><span><\/span><\/p>\n<p>By Jacqueline Cowhig<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, May 25 (Reuters) &#8211; European prompt physical coal<br \/>\nprices were 25 cents to $1.00 lower on Tuesday although no fresh<br \/>\ntrades were done.<\/p>\n<p><span><\/span><\/p>\n<p>Most market participants, whether engaged in price<br \/>\nre-negotiations with China or simply anxious about the imminence<br \/>\nof another price slide, were sidelined or waiting for clearer<br \/>\ndirection.<\/p>\n<p><span><\/span><\/p>\n<p>A June delivery DES ARA cargo was bid at $82.25 a tonne,<br \/>\ndown around 25 cents from Thursday&#8217;s levels but over $1.00 below<br \/>\nthe most recent ARA trade.<\/p>\n<p><span><\/span><\/p>\n<p>The market&#8217;s sentiment remains weak due to oversupply<br \/>\nweighing on prices and growing concern over Chinese buyers&#8217;<br \/>\nre-negotiation of contracts for spot purchases.<\/p>\n<p><span><\/span><\/p>\n<p>A trade earlier in the week at $83.50 for a prompt DES ARA<br \/>\ncargo was seen as an attempt to show a price floor, traders<br \/>\nsaid.<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 bid at $82.25\/T with no offer * Chinese utilities default on domestic coal sales * Formosa Plastics seeks further shipment deferrals By Jacqueline Cowhig LONDON, May 25 (Reuters) &#8211; European prompt physical coal prices were 25 cents to $1.00 lower on Tuesday although no fresh trades were done. Most market participants, whether [&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-10699","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\/10699","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=10699"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10699\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}