{"id":11170,"date":"2012-06-06T22:57:15","date_gmt":"2012-06-06T20:57:15","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/euro-coal-prices-dip-mood-bearish-at-bali-conference\/"},"modified":"2012-06-06T22:57:15","modified_gmt":"2012-06-06T20:57:15","slug":"euro-coal-prices-dip-mood-bearish-at-bali-conference","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-mood-bearish-at-bali-conference\/","title":{"rendered":"Euro Coal-Prices dip, mood bearish at Bali conference"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* August ARA trades at $87.25\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Mixed signals seen from China<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, June 6<\/span> (Reuters) &#8211; European prompt physical coal<br \/>\nprices slipped by around $1.00 a tonne on Wednesday in quiet<br \/>\ntrade.<\/p>\n<p><span><\/span><\/p>\n<p>Many players were still in Bali after the Coaltrans<br \/>\nconference there this week &#8211; one of the world&#8217;s biggest coal<br \/>\nannual events &#8211; and few bids, offers or trades were reported.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There are a lot of the usual people missing this week but<br \/>\noverall it&#8217;s a little softer again and all the news looks<br \/>\nbearish,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>The mood at the Bali conference was bearish among producers,<br \/>\ntraders and end-users gathered there against a backdrop of<br \/>\nwidespread Chinese price re-negotiations and deferrals and fear<br \/>\nthat global demand this year will fall far short of supply<br \/>\n.<\/p>\n<p><span><\/span><\/p>\n<p>Signals from China have been mixed in recent weeks.<\/p>\n<p><span><\/span><\/p>\n<p>Despite the price majeures (coal market parlance for one<br \/>\ncounterparty refusing to honour the contracted price), China has<br \/>\nkept buying fresh spot cargoes of imported coal, which remains<br \/>\nat a discount to domestic prices.<\/p>\n<p><span><\/span><\/p>\n<p>And analysts are mostly forecasting another strong year,<br \/>\nperhaps a record year, of Chinese coal imports.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* August ARA trades at $87.25\/T * Mixed signals seen from China LONDON, June 6 (Reuters) &#8211; European prompt physical coal prices slipped by around $1.00 a tonne on Wednesday in quiet trade. Many players were still in Bali after the Coaltrans conference there this week &#8211; one of the world&#8217;s biggest coal annual events [&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-11170","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\/11170","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=11170"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11170\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}