{"id":12244,"date":"2012-07-10T00:25:18","date_gmt":"2012-07-09T22:25:18","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/euro-coal-s-african-prices-dip-aug-trades-at-88-50t\/"},"modified":"2012-07-10T00:25:18","modified_gmt":"2012-07-09T22:25:18","slug":"euro-coal-s-african-prices-dip-aug-trades-at-88-50t","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-s-african-prices-dip-aug-trades-at-88-50t\/","title":{"rendered":"Euro Coal-S.African prices dip, Aug trades at $88.50\/T"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Fewer U.S. coal offers seen<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Norway oil strike boosts crude prices<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, July 9<\/span> (Reuters) &#8211; Physical prompt coal prices fell<br \/>\nslightly on Monday despite a rise in oil prices.<\/p>\n<p><span><\/span><\/p>\n<p>Prices had rallied to around $90.00 a tonne early last week<br \/>\nbefore losing momentum due to weak economic data.<\/p>\n<p><span><\/span><\/p>\n<p>Although the threat of surplus cargoes, unwanted by China,<br \/>\nweighing on prices has receded, many market participants remain<br \/>\nuncertain about the market&#8217;s near-term direction.<\/p>\n<p><span><\/span><\/p>\n<p>Fewer offers of discounted U.S. coal have been seen, so that<br \/>\nthe market seems more balanced than a couple of months ago and<br \/>\ndemand from Asia outside of China, has been steady.<\/p>\n<p><span><\/span><\/p>\n<p>While few players expect to see fresh two-year lows, after<br \/>\nprices dropped close to $80 in May, few also expect to see<br \/>\nprices much above $100 this year.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The traders who had been buying most of the DES and<br \/>\nRichards Bay cargoes haven&#8217;t been much in evidence today but it<br \/>\nis only Monday,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>When coal lacks clear direction, it often, but not always,<br \/>\ntracks oil but lags oil moves.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Fewer U.S. coal offers seen * Norway oil strike boosts crude prices LONDON, July 9 (Reuters) &#8211; Physical prompt coal prices fell slightly on Monday despite a rise in oil prices. Prices had rallied to around $90.00 a tonne early last week before losing momentum due to weak economic data. Although the threat of [&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-12244","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\/12244","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=12244"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12244\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}