{"id":12476,"date":"2012-07-17T00:53:51","date_gmt":"2012-07-16T22:53:51","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/euro-coal-prices-stable-few-fresh-trades-seen\/"},"modified":"2012-07-17T00:53:51","modified_gmt":"2012-07-16T22:53:51","slug":"euro-coal-prices-stable-few-fresh-trades-seen","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-stable-few-fresh-trades-seen\/","title":{"rendered":"Euro Coal-Prices stable, few fresh trades seen"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Newcastle price forecast cut to $95\/T &#8211; BoAML<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Sept S.African trades at 65 cents below API4<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, July 16<\/span> (Reuters) &#8211; Physical prompt coal prices were<br \/>\nlittle changed on Monday, but saw some support from firmer coal<br \/>\nswaps values.<\/p>\n<p><span><\/span><\/p>\n<p>Swaps were bid higher in the afternoon in line with steady<br \/>\noil, which held above $102 on hopes that China would step up<br \/>\nefforts to boost its economy.<\/p>\n<p><span><\/span><\/p>\n<p>On Sunday, China&#8217;s official Xinhua news agency quoted<br \/>\nPremier Wen Jiabao as saying measures to stabilise the economy<br \/>\nwere working and the government would step up efforts in the<br \/>\nsecond half of the year, sparking expectations of further<br \/>\neasing.<\/p>\n<p><span><\/span><\/p>\n<p>Few fresh trades were reported, at prices little changed<br \/>\nfrom Friday&#8217;s levels.<\/p>\n<p><span><\/span><\/p>\n<p>Fundamentally, coal remains oversupplied in both the<br \/>\nAtlantic and Pacific markets, despite a strong coal burn across<br \/>\nmuch of Europe and steady imports into India and China.<\/p>\n<p><span><\/span><\/p>\n<p>Prices are likely to remain stuck in a range for the next<br \/>\n6-9 months, Bank Of America Merrill Lynch said in a research<br \/>\nnote on Monday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We believe prices will remain relatively range-bound in the<br \/>\nnext 6-9 months and establish an average second half 2012 target<br \/>\nof $91\/T for (FOB Newcastle) coal,&#8221; BoAML said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Newcastle price forecast cut to $95\/T &#8211; BoAML * Sept S.African trades at 65 cents below API4 LONDON, July 16 (Reuters) &#8211; Physical prompt coal prices were little changed on Monday, but saw some support from firmer coal swaps values. Swaps were bid higher in the afternoon in line with steady oil, which held [&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-12476","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\/12476","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=12476"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12476\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}