{"id":14302,"date":"2012-09-06T03:48:54","date_gmt":"2012-09-06T01:48:54","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/euro-coal-dips-market-braces-for-further-fall\/"},"modified":"2012-09-06T03:48:54","modified_gmt":"2012-09-06T01:48:54","slug":"euro-coal-dips-market-braces-for-further-fall","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-dips-market-braces-for-further-fall\/","title":{"rendered":"Euro Coal- Dips, market braces for further fall"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Nov DES ARA trades at $92.80\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* FARC guerillas blow up trucks at Cerrejon, Colombia mine<\/p>\n<p><span><\/span><\/p>\n<p>* More Colombian coal offered<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Sept 5 (Reuters) &#8211;    Physical coal prices in<br \/>\nEurope trickled lower by 10 cents a tonne on Wednesday but<br \/>\ntraders said they were set for further falls because the drop in<br \/>\nsupply has been outpaced by shrinking spot demand.<\/p>\n<p><span><\/span><\/p>\n<p>Thermal coal prices have rebounded from the two-year lows<br \/>\nseen in June but there was still too much coal available in both<br \/>\nthe Atlantic and Pacific markets to justify prices of around<br \/>\n$90, suppliers and end-users said.<\/p>\n<p><span><\/span><\/p>\n<p>While U.S. thermal coal exports have slowed, there were more<br \/>\nprompt cargoes available from Colombia, after the Fenoco rail<br \/>\nstrike ended and affected producers accelerated their railings<br \/>\nto port, to try and catch up with delayed shipments.<\/p>\n<p><span><\/span><\/p>\n<p>Leftist FARC rebels in Colombia on Tuesday blew up two<br \/>\ntrucks at Cerrejon&#8217;s opencast mine, the latest in a string of<br \/>\nattacks this year, but which had no significant impact on<br \/>\nexports.<\/p>\n<p><span><\/span><\/p>\n<p>Signals from the Coaltrans Beijing conference this week have<br \/>\nbeen bearish and the only Chinese buying seen has been for<br \/>\nheavily-discounted cargoes, traders and suppliers said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The Chinese are doing virtually nothing spot, the usual big<br \/>\ntraders there are stuck with massive inventories they bought at<br \/>\nmuch higher prices and they also have no buyers,&#8221; one European<br \/>\ntrader said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Nov DES ARA trades at $92.80\/T * FARC guerillas blow up trucks at Cerrejon, Colombia mine * More Colombian coal offered LONDON, Sept 5 (Reuters) &#8211; Physical coal prices in Europe trickled lower by 10 cents a tonne on Wednesday but traders said they were set for further falls because the drop in supply [&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-14302","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\/14302","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=14302"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14302\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}