{"id":10951,"date":"2012-05-31T22:29:07","date_gmt":"2012-05-31T20:29:07","guid":{"rendered":"http:\/\/www.myza.co.za\/05\/euro-coal-prices-dip-uk-burn-hits-6-year-high\/"},"modified":"2012-05-31T22:29:07","modified_gmt":"2012-05-31T20:29:07","slug":"euro-coal-prices-dip-uk-burn-hits-6-year-high","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-uk-burn-hits-6-year-high\/","title":{"rendered":"Euro Coal-Prices dip, UK burn hits 6-year high"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Coal accounted for 46 pct of Q1 UK generation<\/span><\/p>\n

<\/span><\/p>\n

* China seen buying while prices are low – analysts<\/p>\n

<\/span><\/p>\n

LONDON<\/span> May 31 (Reuters) – European prompt physical coal
\nprices dipped by around 50 U.S. cents a tonne on Thursday while
\nthe market continued to seek clear direction on the short-term
\noutlook.<\/p>\n

<\/span><\/p>\n

Stockpiles remained high in Amsterdam-Rotterdam-Antwerp,
\nEurope’s main import hub despite strong consumption in Germany,
\nthe UK and Spain.<\/p>\n

<\/span><\/p>\n

Coal accounted for 46 percent of Britain’s power production
\nin Q1, a six-year high share, the UK Energy Ministry said on
\nThursday, because coal has been far cheaper a fuel than gas for
\nthe past several months.<\/p>\n

<\/span><\/p>\n

But utility buying of prompt coal has been minimal and
\nusually only when it has been possible to buy cheap nearby
\ncargoes and sell forward, utilities said.<\/p>\n

<\/span><\/p>\n

“Macro factors look bearish for the end of the year and
\nbeyond and that’s pulled down forward prices by around $1.00
\nwith less of a fall in prompt prices,” one utility source said.<\/p>\n

<\/span><\/p>\n

But the main price-driver and focus of the market’s
\nattention and concern remains China and to a lesser extent,
\nIndia.<\/p>\n

<\/span><\/p>\n

Even Chinese counterparties until now regarded as first
\nclass and unlikely to break contracts have been insisting on
\nre-negotiating contracts agreed at higher prices, suppliers
\nsaid.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Coal accounted for 46 pct of Q1 UK generation * China seen buying while prices are low – analysts LONDON May 31 (Reuters) – European prompt physical coal prices dipped by around 50 U.S. cents a tonne on Thursday while the market continued to seek clear direction on the short-term outlook. Stockpiles remained high […]<\/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-10951","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\/10951","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=10951"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10951\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}