{"id":11857,"date":"2012-06-26T23:56:41","date_gmt":"2012-06-26T21:56:41","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/euro-coal-prices-rise-1-2-ara-trades-at-90t\/"},"modified":"2012-06-26T23:56:41","modified_gmt":"2012-06-26T21:56:41","slug":"euro-coal-prices-rise-1-2-ara-trades-at-90t","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-rise-1-2-ara-trades-at-90t\/","title":{"rendered":"Euro Coal-Prices rise $1-2, ARA trades at $90\/T"},"content":{"rendered":"

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

* Aug ARA trades at $89.25\/T, Sept trades at $90\/T<\/span><\/p>\n

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

* Market uncertainties discourage short selling<\/p>\n

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

LONDON, June 26<\/span> (Reuters) – Prompt European physical coal
\nprices rose by $1-2 U.S. dollars a tonne on Tuesday as the
\nmarket continued to look for clear direction.<\/p>\n

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

Two European delivery DES ARA cargoes traded at $89.25 and
\n$90.00 a tonne, both bought by traders but prices have been
\ncreeping higher during the past week, bid up by a European
\nutility.<\/p>\n

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

“Fundamentally it’s looking very slightly stronger but
\nnobody wants to sell at the moment because there are just too
\nmany variables which could move prices in the next few months,”
\none European trader said.<\/p>\n

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

Fresh spot demand in Europe remains minimal despite a strong
\ncoal burn in key consumers Germany, Spain and the UK and
\navailability of high-quality thermal coal is tight and some
\nproduction cuts have already been made, which are
\nprice-supporting factors.<\/p>\n

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

There is also some expectation that oil will rebound back
\nabove $100 and pull coal up with it, which is discouraging
\nplayers from selling coal short at present, traders said.<\/p>\n

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

On the downside, there is a great deal of uncertainty about
\nChina’s likely imports this year.<\/p>\n

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

Analysts are forecasting strong imports for the year as a
\nwhole, including the first-half buying spree which has inflated
\ninventories and clogged ports but the uncertainty stems from
\nsignals that China’s economic growth could be slowing more than
\nanticipated.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Aug ARA trades at $89.25\/T, Sept trades at $90\/T * Market uncertainties discourage short selling LONDON, June 26 (Reuters) – Prompt European physical coal prices rose by $1-2 U.S. dollars a tonne on Tuesday as the market continued to look for clear direction. Two European delivery DES ARA cargoes traded at $89.25 and $90.00 […]<\/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-11857","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\/11857","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=11857"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11857\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}