{"id":12983,"date":"2012-07-31T01:49:05","date_gmt":"2012-07-30T23:49:05","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/euro-coal-creeps-higher-despite-oil-fall\/"},"modified":"2012-07-31T01:49:05","modified_gmt":"2012-07-30T23:49:05","slug":"euro-coal-creeps-higher-despite-oil-fall","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-creeps-higher-despite-oil-fall\/","title":{"rendered":"Euro Coal-Creeps higher despite oil fall"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Colombia rail strike seen having impact in another week<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* More enquiries seen for DES ARA Q4 cargoes<\/p>\n<p><span><\/span><\/p>\n<p>* China slowdown already reflected in prices-trade<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, July 30 (Reuters) &#8211; PLEASE CALL MOBILE 07961 931346<br \/>\nIF QUERIES<\/p>\n<p><span><\/span><\/p>\n<p>Physical prompt European coal prices firmed slightly on<br \/>\nMonday despite oil&#8217;s fall to $106 a barrel, more enquiries were<br \/>\nseen for Q4 cargoes delivered into Europe but few trades were<br \/>\nreported.<\/p>\n<p><span><\/span><\/p>\n<p>The general consensus is that the market has found a floor<br \/>\nat $85 a tonne for DES ARA European cargoes and is likely to<br \/>\ntrade in a range between $85 and $95 for the balance of the<br \/>\nyear, as players wait for production cuts and inventory<br \/>\ndrawdowns to rebalance the market.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Perhaps people are taking the possible impact of the<br \/>\nColombia rail strike more seriously,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Other market players said coal remains range-bound, hovering<br \/>\nat around $90 a tonne delivered into ARA and at roughly $88 a<br \/>\ntonne FOB Richards Bay for South African coal.<\/p>\n<p><span><\/span><\/p>\n<p>Colombia&#8217;s Drummond Coal, one of the country&#8217;s two biggest<br \/>\nthermal coal exporters, has been unable to load fully three out<br \/>\nof five ships which berthed between Friday and Monday, logistics<br \/>\nsources said late 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>* Colombia rail strike seen having impact in another week * More enquiries seen for DES ARA Q4 cargoes * China slowdown already reflected in prices-trade LONDON, July 30 (Reuters) &#8211; PLEASE CALL MOBILE 07961 931346 IF QUERIES Physical prompt European coal prices firmed slightly on Monday despite oil&#8217;s fall to $106 a barrel, more [&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-12983","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\/12983","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=12983"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12983\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12983"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}