{"id":14262,"date":"2012-09-05T03:42:00","date_gmt":"2012-09-05T01:42:00","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/euro-coal-stable-bearish-signals-from-china\/"},"modified":"2012-09-05T03:42:00","modified_gmt":"2012-09-05T01:42:00","slug":"euro-coal-stable-bearish-signals-from-china","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-stable-bearish-signals-from-china\/","title":{"rendered":"Euro Coal-Stable, bearish signals from China"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, Sept 4<\/span> (Reuters) &#8211; Physical coal prices in Europe<br \/>\nheld steady for the second day on Tuesday, supported by oil<br \/>\nwhich rose in early trading and largely ignoring bearish<br \/>\nfundamentals.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>There were too many variable price-driving factors currently<br \/>\nat work for the market&#8217;s direction to be clear, traders and<br \/>\nend-users said.<\/p>\n<p><span><\/span><\/p>\n<p>Coal is typically thinly-traded during the European summer<br \/>\nmonths and tends to track oil&#8217;s moves in the absence of many<br \/>\nphysical trades, as it has during the past month.<\/p>\n<p><span><\/span><\/p>\n<p>The market seemed roughly evenly split between those players<br \/>\nwho firmly believed prices have already fallen to the lowest<br \/>\nlevel likely this year and will slowly recover in the coming<br \/>\nmonths, and those who believe the worst is still to come.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;While some have begun to call for a bullish turn in thermal<br \/>\nprices, we remain skeptical that the fundamentals are yet ripe<br \/>\nfor such a change,&#8221; Credit Suisse said in a research note on<br \/>\nTuesday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;In particular, any meaningful recovery will rest on Chinese<br \/>\nand Indian demand (respectively 19 percent and 13 percent of the<br \/>\nseaborne market) and we continue to see downside risks to the<br \/>\nstrength of their propensity to import through the remainder of<br \/>\n2012,&#8221; Credit Suisse said.<\/p>\n<p><span><\/span><\/p>\n<p>Oil slipped on Tuesday as concerns about slowing economic<br \/>\ngrowth and curbed demand for petroleum countered hopes for more<br \/>\nmonetary stimulus from central banks in the U.S. and Europe<br \/>\n.<\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>CHINA PRICES SEEN WEAKENING<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, Sept 4 (Reuters) &#8211; Physical coal prices in Europe held steady for the second day on Tuesday, supported by oil which rose in early trading and largely ignoring bearish fundamentals. There were too many variable price-driving factors currently at work for the market&#8217;s direction to be clear, traders and end-users said. Coal is typically [&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-14262","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\/14262","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=14262"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14262\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}