{"id":14716,"date":"2012-09-18T04:37:00","date_gmt":"2012-09-18T02:37:00","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/euro-coal-dollar-oil-give-some-support-to-coal-price\/"},"modified":"2012-09-18T04:37:00","modified_gmt":"2012-09-18T02:37:00","slug":"euro-coal-dollar-oil-give-some-support-to-coal-price","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-dollar-oil-give-some-support-to-coal-price\/","title":{"rendered":"Euro Coal-Dollar, oil give some support to coal price"},"content":{"rendered":"

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

* Nov DES ARA trades at $89\/T, unchanged<\/span><\/p>\n

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

* Oct S.African cargo trades at $86.65\/T<\/p>\n

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

* Weak dollar supports coal commodity prices<\/p>\n

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

LONDON, Sept 17 (Reuters) – Prompt coal prices drifted
\naround 30-50 U.S. cents a tonne lower on Monday on tepid buying
\ninterest but the drop was limited because a weak dollar and
\nsteady oil prices offered support.<\/p>\n

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

Prices for both delivered Europe and FOB cargoes have been
\nrange-bound between $83-$89 a tonne for a few weeks and while no
\ndramatic price moves are expected, traders say some weakening is
\nlikely in the very short-term, with a gradual rise in the next
\ntwo quarters.<\/p>\n

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

“Coal swaps rose in the morning with oil and helped by the
\ndollar’s weakness, which in turn was hammered by the strong
\neuro, but physical is trading at a fairly big discount to
\nswaps,” one European trader said.<\/p>\n

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

A November loading South African cargo traded on Monday at
\n$86.65 a tonne FOB Richards Bay, unchanged from Friday, but
\nswaps at the time of the deal were $2.00 higher than the traded
\nprice.<\/p>\n

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

The premium or discount of physical prices to swaps can be a
\ngood indicator of the market’s strength.<\/p>\n

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

The dollar hovered near a seven-month low against major
\ncurrencies on Monday after the U.S. Federal Reserve’s
\nannouncement of aggressive monetary easing, giving support to
\ncommodity prices.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Nov DES ARA trades at $89\/T, unchanged * Oct S.African cargo trades at $86.65\/T * Weak dollar supports coal commodity prices LONDON, Sept 17 (Reuters) – Prompt coal prices drifted around 30-50 U.S. cents a tonne lower on Monday on tepid buying interest but the drop was limited because a weak dollar and steady […]<\/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-14716","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\/14716","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=14716"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14716\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14716"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14716"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14716"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}