{"id":10903,"date":"2012-05-30T22:24:23","date_gmt":"2012-05-30T20:24:23","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/euro-coal-prices-dip-china-still-re-negotiating\/"},"modified":"2012-05-30T22:24:23","modified_gmt":"2012-05-30T20:24:23","slug":"euro-coal-prices-dip-china-still-re-negotiating","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-china-still-re-negotiating\/","title":{"rendered":"Euro Coal-Prices dip, China still re-negotiating"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* China still buying, still re-negotiating<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Indian spot buying dries up<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> May 30 (Reuters) &#8211; European prompt physical coal<br \/>\nprices eased by up to $1.00 a tonne on Wednesday as the market,<br \/>\ndisconcerted by an unexpectedly high trade the previous day,<br \/>\nseeks to gauge how bearish the new near-term outlook is.<\/p>\n<p><span><\/span><\/p>\n<p>China is still buying prompt coal cargoes at around $100 a<br \/>\ntonne delivered but re-negotiating more, while Indian spot<br \/>\nbuying has almost dried up.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Customers don&#8217;t want anything now so we have no need to<br \/>\nbuy,&#8221; one of India&#8217;s biggest trader importers said.<\/p>\n<p><span><\/span><\/p>\n<p>The market is trying to work out whether Tuesday&#8217;s trade at<br \/>\n$90 for DES ARA &#8211; a leap of $5 from the most recent trade prior<br \/>\nto that &#8211; was anomalous or a sign of strengthening.<\/p>\n<p><span><\/span><\/p>\n<p>Players are looking for clear bullish or bearish signals and<br \/>\nfinding few of either.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There&#8217;s confusion at the front end, nobody seems very sure<br \/>\nif the market&#8217;s strengthening genuinely or is it just a move up<br \/>\non paper,&#8221; a utility source said.<\/p>\n<p><span><\/span><\/p>\n<p>South African prompt prices dipped by around $1.00 a tonne<br \/>\nbut remained close to $90.00 and were seen as fairly stable.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* China still buying, still re-negotiating * Indian spot buying dries up LONDON May 30 (Reuters) &#8211; European prompt physical coal prices eased by up to $1.00 a tonne on Wednesday as the market, disconcerted by an unexpectedly high trade the previous day, seeks to gauge how bearish the new near-term outlook is. China is [&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-10903","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\/10903","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=10903"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10903\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}