{"id":12620,"date":"2012-07-21T01:08:19","date_gmt":"2012-07-20T23:08:19","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/euro-coal-physical-prices-rise-china-returns-to-spot-market\/"},"modified":"2012-07-21T01:08:19","modified_gmt":"2012-07-20T23:08:19","slug":"euro-coal-physical-prices-rise-china-returns-to-spot-market","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-physical-prices-rise-china-returns-to-spot-market\/","title":{"rendered":"Euro Coal-Physical prices rise, China returns to spot market"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Oct DES ARA trades at $91.00, up 85 cents.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* U.S. domestic coal sales fall 20 pct-BarCap<\/p>\n<p><span><\/span><\/p>\n<p>* Prices remain in range, find floor at $85\/T<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, July 20 (Reuters) &#8211; Physical prompt coal prices rose<br \/>\nslightly on Friday in thin trade on steady demand from Asia and<br \/>\nChina&#8217;s return to the spot market.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Prices are still in a range, tracking oil to a degree but<br \/>\noverall it&#8217;s typically-slow summer trading,&#8221; one European trader<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>End-user demand in Asia is steady although still limited in<br \/>\nEurope and China&#8217;s return to the spot market has helped bolster<br \/>\ncoal prices internationally, Deutsche Bank said in a research<br \/>\nnote on Friday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Spot prices have rebounded as China returned to the market<br \/>\n&#8211; traders have been buying coal on the seaborne market as it<br \/>\nstarted trading at a significant discount to the China domestic<br \/>\ncoal price,&#8221; Deutsche Bank said.<\/p>\n<p><span><\/span><\/p>\n<p>Oil gave little direction to coal prices on Friday but the<br \/>\ndollar&#8217;s rally, which spurred a dip in oil towards $106 a barrel<br \/>\non Friday, will have an impact on coal but likely after a delay,<br \/>\ntraders said..<\/p>\n<p><span><\/span><\/p>\n<p>Coal prices have found a floor at $85 a tonne and are<br \/>\ngradually creeping higher, as the impact of production cuts<br \/>\nstarts to be felt &#8211; end-user demand has remained steady in Asia<br \/>\nbut minimal in Europe.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Oct DES ARA trades at $91.00, up 85 cents. * U.S. domestic coal sales fall 20 pct-BarCap * Prices remain in range, find floor at $85\/T LONDON, July 20 (Reuters) &#8211; Physical prompt coal prices rose slightly on Friday in thin trade on steady demand from Asia and China&#8217;s return to the spot market. [&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-12620","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\/12620","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=12620"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12620\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}