{"id":14075,"date":"2012-08-31T03:29:34","date_gmt":"2012-08-31T01:29:34","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/euro-coal-weak-on-market-in-surplus\/"},"modified":"2012-08-31T03:29:34","modified_gmt":"2012-08-31T01:29:34","slug":"euro-coal-weak-on-market-in-surplus","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-weak-on-market-in-surplus\/","title":{"rendered":"Euro Coal-Weak on market in surplus"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* 2012 coal import\/export surplus to be 6 mln tonnes<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Richards Bay Oct. cargo trades at $87.25\/mt<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Aug 30 (Reuters) &#8211; Physical coal prices in Europe<br \/>\nremained subdued on Thursday as the Atlantic basin returned to<br \/>\nsurplus following the end of a strike in Colombia earlier in<br \/>\nAugust.<\/p>\n<p><span><\/span><\/p>\n<p>Coal prices have been declining for much of the first half<br \/>\nof the year as weak demand clashed with rising exports from the<br \/>\nUnited States, where coal-fired electricity generation has<br \/>\nbecome unprofitable as a result of the shale gas boom in North<br \/>\nAmerica.<\/p>\n<p><span><\/span><\/p>\n<p>Colombian production dipped in late July and early August as<br \/>\na rail strike prevented coal from inland mines from being<br \/>\ntransported to export terminals along the coast.<\/p>\n<p><span><\/span><\/p>\n<p>As a result of the strike, the Atlantic basin saw a supply<br \/>\nsqueeze but following the end of the dispute two weeks ago, the<br \/>\nAtlantic is expected to return into surplus by the end of this<br \/>\nweek, analysts say.<\/p>\n<p><span><\/span><\/p>\n<p>For the remainder of the year and 2013, BarCap said that it<br \/>\nexpected a slight surplus.<\/p>\n<p><span><\/span><\/p>\n<p>The bank said in a research note on Thursday that 2012&#8217;s<br \/>\nimport demands of 837 million tonnes would be met by available<br \/>\nexports of 843 million tonnes, while 2013 would see import needs<br \/>\nof 849 million tonnes met by 850 million tonnes ready for<br \/>\nexport.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Coal pricing remains subdued, with weaker demand growth<br \/>\nfrom Chinese steel and power producers, coupled with healthy<br \/>\nsupply increments from traditional exporters and the U.S.,<br \/>\nleaving the seaborne market well supplied.&#8221;<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* 2012 coal import\/export surplus to be 6 mln tonnes * Richards Bay Oct. cargo trades at $87.25\/mt LONDON Aug 30 (Reuters) &#8211; Physical coal prices in Europe remained subdued on Thursday as the Atlantic basin returned to surplus following the end of a strike in Colombia earlier in August. Coal prices have been declining [&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-14075","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\/14075","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=14075"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14075\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}