{"id":14653,"date":"2012-09-15T04:28:51","date_gmt":"2012-09-15T02:28:51","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/indias-hindalco-seeks-prompt-coal-jaypee-buys-capes\/"},"modified":"2012-09-15T04:28:51","modified_gmt":"2012-09-15T02:28:51","slug":"indias-hindalco-seeks-prompt-coal-jaypee-buys-capes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/indias-hindalco-seeks-prompt-coal-jaypee-buys-capes\/","title":{"rendered":"India’s Hindalco seeks prompt coal, Jaypee buys capes"},"content":{"rendered":"

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

LONDON, Sept 14<\/span> (Reuters) – Indian spot buying of thermal
\ncoal has been slow to revive after the seasonal monsoon hiatus
\nof June-September but some tenders are being issued now that
\nSouth African prices have fallen close to a two-year low,
\nsuppliers said.<\/span><\/p>\n

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

“The big tenders still haven’t come out yet, which usually
\nspurs some buying but there’s definitely more spot interest and
\nthe lower prices are helping,” one major supplier to the Indian
\nmarket said.<\/p>\n

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

Aluminium smelter Hindalco is seeking two panamax
\ncargoes of South African coal under a tender which closes next
\nweek, while Jaypee Cement has bought four South African capes,
\nthey said.<\/p>\n

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

Prompt South African prices were trading at around $83.50 a
\ntonne on Friday, having dropped to $82.50 on Thursday for a
\nsmall parcel for almost immediate loading.<\/p>\n

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

Prices hit a two-year low of $81.65 in June but have crept
\ninto a higher range since then while remaining under short-term
\npressure due to tepid spot buying in both Asia and Europe.<\/p>\n

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

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^<\/p>\n

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

GRAPHIC: S.Africa’s coal exports with breakdown of China,
\nIndia shipments: r.reuters.com\/byx89r<\/a><\/p>\n

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

GRAPHIC: FOB Richards Bay South African coal prices – here<\/a><\/p>\n

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

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^<\/p>\n

(Reporting by Jacqueline Cowhig; editing by James Jukwey)<\/p>\n

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

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

LONDON, Sept 14 (Reuters) – Indian spot buying of thermal coal has been slow to revive after the seasonal monsoon hiatus of June-September but some tenders are being issued now that South African prices have fallen close to a two-year low, suppliers said. “The big tenders still haven’t come out yet, which usually spurs some […]<\/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-14653","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\/14653","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=14653"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14653\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}