{"id":14389,"date":"2012-09-08T03:56:52","date_gmt":"2012-09-08T01:56:52","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/euro-coal-des-ara-discounts-widen-on-slack-demand\/"},"modified":"2012-09-08T03:56:52","modified_gmt":"2012-09-08T01:56:52","slug":"euro-coal-des-ara-discounts-widen-on-slack-demand","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-des-ara-discounts-widen-on-slack-demand\/","title":{"rendered":"Euro Coal-DES ARA discounts widen on slack demand"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Oct DES ARA trades at $87.05\/T<\/span><\/p>\n

<\/span><\/p>\n

* Chinese stimulus may not boost coal imports-trade<\/p>\n

<\/span><\/p>\n

LONDON, Sept 7<\/span> (Reuters) – Physical coal prices were little
\nchanged again on Friday at around $90 a tonne, a level many
\nplayers consider to be high given the dearth of spot demand
\nglobally.<\/p>\n

<\/span><\/p>\n

Three Q4 delivery DES ARA cargoes traded at $87.05, $92.50
\nand $92.35, down 30-50 cents from Thursday’s levels.<\/p>\n

<\/span><\/p>\n

Spot prices slid to two-year lows in June and have partially
\nrecovered since then but the discounts to index prices sought
\nhave deepened from $1-$2 below the API2 index to $5-$7,
\nsuppliers and end-users said.<\/p>\n

<\/span><\/p>\n

The level of discounts or premiums in dollars a tonne to
\nfixed, index prices can be a more accurate measure of the
\nstrength of the market than fixed prices, which are often
\nstagnant and range-bound.<\/p>\n

<\/span><\/p>\n

“Steady prices of $90 or more with almost nobody buying are
\nhard to believe in when the discounts being talked are so wide,”
\none European trader said.<\/p>\n

<\/span><\/p>\n

The market remains split over the outlook for the balance of
\nthe year, with the cautious bulls predicting a resumption of
\nChinese imports following China’s green light for $150 billion
\nof infrastructure projects to stimulate its slowing economy
\n.<\/p>\n

<\/span><\/p>\n

Shares and steel futures contract prices jumped on the plans
\nto build roads, ports and airport runways but many projects were
\nalready in the pipeline and as a share of GDP they will not do
\nmuch to offset the weakness in exports.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Oct DES ARA trades at $87.05\/T * Chinese stimulus may not boost coal imports-trade LONDON, Sept 7 (Reuters) – Physical coal prices were little changed again on Friday at around $90 a tonne, a level many players consider to be high given the dearth of spot demand globally. Three Q4 delivery DES ARA cargoes […]<\/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-14389","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\/14389","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=14389"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14389\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14389"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14389"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14389"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}