{"id":13299,"date":"2012-08-08T14:16:37","date_gmt":"2012-08-08T12:16:37","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/update-1-s-african-coal-prices-rebound-to-highest-since-june\/"},"modified":"2012-08-08T14:16:37","modified_gmt":"2012-08-08T12:16:37","slug":"update-1-s-african-coal-prices-rebound-to-highest-since-june","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-african-coal-prices-rebound-to-highest-since-june\/","title":{"rendered":"UPDATE 1-S.African coal prices rebound to highest since June"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds graphic, quotes)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Aug 8 (Reuters) &#8211; South African physical coal prices<br \/>\nrebounded on Wednesday to the highest level since a short-lived<br \/>\nrally in June, lifted by strikes in Colombia that constrained<br \/>\nsupply, traders said, with a trade at $91.05 a tonne for a<br \/>\nSeptember cargo on globalCOAL.<\/p>\n<p><span><\/span><\/p>\n<p>Prompt cargo values were bid strongly higher earlier this<br \/>\nweek, but no trades were reported.<\/p>\n<p><span><\/span><\/p>\n<p>Buyers in India, the single largest market for South African<br \/>\ncoal, said they had been holding out for another price fall and<br \/>\nwere not convinced this current recovery would last.<\/p>\n<p><span><\/span><\/p>\n<p>Utilities and traders in Europe cited the impact of strikes<br \/>\nby Colombian rail workers and miners on supply and market<br \/>\nsentiment as the reason for the price rise.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;These prices of $90 are not reflective of the true market.<br \/>\nNo end-user in India is going to pay these prices; there is<br \/>\nstill too much coal in stockpiles,&#8221; one Indian trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Chinese buyers were bidding for standard-grade thermal coal<br \/>\nat less than $84 a tonne delivered into China, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>(Reporting by Jacqueline Cowhig; Editing by Jane Baird)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds graphic, quotes) LONDON Aug 8 (Reuters) &#8211; South African physical coal prices rebounded on Wednesday to the highest level since a short-lived rally in June, lifted by strikes in Colombia that constrained supply, traders said, with a trade at $91.05 a tonne for a September cargo on globalCOAL. Prompt cargo values were bid strongly [&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-13299","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\/13299","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=13299"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13299\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13299"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13299"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13299"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}