{"id":12945,"date":"2012-07-30T13:46:51","date_gmt":"2012-07-30T11:46:51","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/rpt-india-coal-buyers-see-defaults-as-prices-slip-traders\/"},"modified":"2012-07-30T13:46:51","modified_gmt":"2012-07-30T11:46:51","slug":"rpt-india-coal-buyers-see-defaults-as-prices-slip-traders","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rpt-india-coal-buyers-see-defaults-as-prices-slip-traders\/","title":{"rendered":"RPT-India coal buyers see defaults as prices slip -traders"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Repeats with no change to text)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Weak rupee, credit woes squeeze Indian trade<\/p>\n<p><span><\/span><\/p>\n<p>* Chinese defaulted cargoes offered at discount<\/p>\n<p><span><\/span><\/p>\n<p>* India port stockpiles seen at 6-7 million tonnes<\/p>\n<p><span><\/span><\/p>\n<p>By Jacqueline Cowhig and Malini Menon<\/p>\n<p><span><\/span><\/p>\n<p>LONDON\/NEW DELHI, July 27 (Reuters) &#8211; Indian coal markets<br \/>\nare seeing scattered defaults among end-user and trade buyers in<br \/>\npart because of a 20 percent slide in prices this year, although<br \/>\nthe vast majority are honouring their contracts, Indian trader<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>International coal prices have slumped to about $85 a tonne<br \/>\nfor South African cargoes from comfortably over $100 in December<br \/>\nbecause of oversupply and tepid Asian demand.<\/p>\n<p><span><\/span><\/p>\n<p>The weakness of the rupee against the U.S. dollar, along<br \/>\nwith ever-tightening credit availability, is squeezing the trade<br \/>\nmiddlemen who are holding high-priced imported coal inventories,<br \/>\ntraders have said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There are some defaults by smaller traders and also two<br \/>\ncement makers,&#8221; said a source at one of India&#8217;s biggest coal<br \/>\nimporters, who declined to be identified.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Repeats with no change to text) * Weak rupee, credit woes squeeze Indian trade * Chinese defaulted cargoes offered at discount * India port stockpiles seen at 6-7 million tonnes By Jacqueline Cowhig and Malini Menon LONDON\/NEW DELHI, July 27 (Reuters) &#8211; Indian coal markets are seeing scattered defaults among end-user and trade buyers in [&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-12945","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\/12945","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=12945"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12945\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}