{"id":12389,"date":"2012-07-14T00:42:01","date_gmt":"2012-07-13T22:42:01","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/euro-coal-sept-des-ara-trades-at-87-50t-up-1\/"},"modified":"2012-07-14T00:42:01","modified_gmt":"2012-07-13T22:42:01","slug":"euro-coal-sept-des-ara-trades-at-87-50t-up-1","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-sept-des-ara-trades-at-87-50t-up-1\/","title":{"rendered":"Euro Coal-Sept DES ARA trades at $87.50\/T, up $1"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Global economic growth seen as key price driver<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Aug S.African trades at $1\/T below API4<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, July 13<\/span> (Reuters) &#8211; Physical prompt coal prices were<br \/>\nbid slightly higher on Friday after five days of consecutive<br \/>\nfalls and few trades were reported.<\/p>\n<p><span><\/span><\/p>\n<p>Coal was particularly illiquid on Friday but was partly<br \/>\nbolstered by a 1 percent rise in oil prices while it ignored<br \/>\nfalls in European power prices on more renewables and lower<br \/>\ndemand.<\/p>\n<p><span><\/span><\/p>\n<p>Trade and end-user buyers remained for the most part on the<br \/>\nsidelines, waiting for the market to steady.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There have been some people who bought at over $90 on the<br \/>\nJune rally who&#8217;ve now been selling at $84. Meanwhile, nothing<br \/>\nmuch has changed,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Some production cuts have been made in higher-cost exporting<br \/>\ncountries, which will help prices stabilise in the second half<br \/>\nof the year but the determining factor for prices will be global<br \/>\neconomic growth, not just China&#8217;s, Credit Suisse said in its<br \/>\nlatest commodities outlook.<\/p>\n<p><span><\/span><\/p>\n<p>In the nearer term, the outlook remains bearish with limited<br \/>\nscope for much of a move upwards from current levels.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We see upside potential for natural gas in Europe driven by<br \/>\ngrowing LNG cargo diversions to Asia,&#8221; Barclays Capital said in<br \/>\na research note on Friday.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Global economic growth seen as key price driver * Aug S.African trades at $1\/T below API4 LONDON, July 13 (Reuters) &#8211; Physical prompt coal prices were bid slightly higher on Friday after five days of consecutive falls and few trades were reported. Coal was particularly illiquid on Friday but was partly bolstered by a [&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-12389","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\/12389","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=12389"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12389\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}