{"id":11594,"date":"2012-06-18T23:33:29","date_gmt":"2012-06-18T21:33:29","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/euro-coal-prices-dip-75c-on-euro-zone-fears\/"},"modified":"2012-06-18T23:33:29","modified_gmt":"2012-06-18T21:33:29","slug":"euro-coal-prices-dip-75c-on-euro-zone-fears","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-75c-on-euro-zone-fears\/","title":{"rendered":"Euro Coal-Prices dip 75c on euro zone fears"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* July ARA bid at $79\/T, July S.African offered at $100\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Oil falls below $96 on euro woes<\/p>\n<p><span><\/span><\/p>\n<p>* Indian buying picks up the pace<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, June 18 (Reuters) &#8211; Prompt physical coal prices fell<br \/>\nby around 75 U.S. cents a tonne on Monday in line with weaker<br \/>\noil as a pro-bailout vote in Greece failed to ease euro zone<br \/>\nfears.<\/p>\n<p><span><\/span><\/p>\n<p>Crude oil, stocks and other commodity prices fell more<br \/>\nsharply than relatively-illiquid coal, which typically follows<br \/>\nthe general trend but often lags oil.<\/p>\n<p><span><\/span><\/p>\n<p>The markets remained oversupplied because the growth in<br \/>\nexports worldwide has overwhelmed demand and this is likely to<br \/>\ntake the rest of the year to re-balance, producers and traders<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Demand is not the issue, although it has been weak in<br \/>\nEurope, India and China have been strong year-on-year,&#8221; one<br \/>\nproducer said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Supply is the problem, especially from the U.S.,&#8221; he added.<\/p>\n<p><span><\/span><\/p>\n<p>Chinese price re-negotiations were less of a talking point<br \/>\nbecause they have not yet resulted in a glut of genuinely<br \/>\ndistressed cargoes, on the water with no buyer.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* July ARA bid at $79\/T, July S.African offered at $100\/T * Oil falls below $96 on euro woes * Indian buying picks up the pace LONDON, June 18 (Reuters) &#8211; Prompt physical coal prices fell by around 75 U.S. cents a tonne on Monday in line with weaker oil as a pro-bailout vote in [&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-11594","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\/11594","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=11594"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11594\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}