{"id":12870,"date":"2012-07-28T01:40:06","date_gmt":"2012-07-27T23:40:06","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/euro-coal-prices-rise-50c-1t-but-discounts-deepen\/"},"modified":"2012-07-28T01:40:06","modified_gmt":"2012-07-27T23:40:06","slug":"euro-coal-prices-rise-50c-1t-but-discounts-deepen","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-rise-50c-1t-but-discounts-deepen\/","title":{"rendered":"Euro Coal-Prices rise 50c-$1\/T but discounts deepen"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Oct DES ARA trades at $91.25\/T, up $1.25<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Chinese coal defaults worsen<\/p>\n<p><span><\/span><\/p>\n<p>* Indian buyers also default, on smaller scale<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, July 27 (Reuters) &#8211; Physical prompt European coal<br \/>\nprices rose by around 50 cents to $1.00 a tonne on Friday,<br \/>\nbolstered by strong swaps values, but weak fundamentals could<br \/>\nreassert themselves soon and pull prices down, traders and<br \/>\nutilities said.<\/p>\n<p><span><\/span><\/p>\n<p>Coal swaps rose by $1.00 on Friday in line with stronger oil<br \/>\nand the euro.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Fixed prices have gone up today but the discounts to<br \/>\nindexes have increased,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>An October DES ARA cargo traded on Friday at $91.25 a tonne,<br \/>\nup more than $1.00 from the previous day&#8217;s most recent trade,<br \/>\nbut the discounts offered to the API2 index have increased to<br \/>\n$2.40 a tonne below index from around $2.00 earlier in the week.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;These prices are not justified by fundamentals,&#8221; the trader<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>Until inventories at ports in China, India and Europe&#8217;s<br \/>\nAmsterdam-Rotterdam-Antwerp import hub are consumed and the flow<br \/>\nof discount-priced cargoes unwanted by China dries up, the<br \/>\nmarket cannot start genuinely to stabilise, traders said.<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 $91.25\/T, up $1.25 * Chinese coal defaults worsen * Indian buyers also default, on smaller scale LONDON, July 27 (Reuters) &#8211; Physical prompt European coal prices rose by around 50 cents to $1.00 a tonne on Friday, bolstered by strong swaps values, but weak fundamentals could reassert themselves soon [&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-12870","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\/12870","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=12870"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12870\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}