{"id":14799,"date":"2012-09-20T04:39:44","date_gmt":"2012-09-20T02:39:44","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/euro-coal-prices-dip-again-in-line-with-weaker-oil\/"},"modified":"2012-09-20T04:39:44","modified_gmt":"2012-09-20T02:39:44","slug":"euro-coal-prices-dip-again-in-line-with-weaker-oil","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-again-in-line-with-weaker-oil\/","title":{"rendered":"Euro Coal-Prices dip again in line with weaker oil"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Nov S.African trades at $87\/T FOB<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Newcastle trades at $86.50-$92\/T<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, Sept 19<\/span> (Reuters) &#8211; Prompt coal prices slipped<br \/>\naround 25-50 U.S. cents a tonne lower on Wednesday in line with<br \/>\nweaker oil.<\/p>\n<p><span><\/span><\/p>\n<p>Prices for both delivered Europe and FOB Richards Bay<br \/>\ncargoes have been range-bound between $83-$89 a tonne for some<br \/>\nweeks with high inventories in Europe and minimal spot demand<br \/>\nglobally weighing on prompt prices.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The bid-offer spreads are narrower today (Wednesday) than<br \/>\nearlier in the week but very little has traded, people are too<br \/>\nuncertain,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Oil fell to a six-week low on Wednesday as the market<br \/>\ndigested comments from Saudi Arabia that it would take action to<br \/>\nkeep prices in check, raising expectations of increased supply<br \/>\n.<\/p>\n<p><span><\/span><\/p>\n<p>Weekly data from the Energy Information Administration (EIA)<br \/>\nshowed U.S. crude stocks rose far higher than expected by 8.5<br \/>\nmillion barrels, which triggered further selling.<\/p>\n<p><span><\/span><\/p>\n<p>Sentiment in the coal market is split between those players<br \/>\nwho believe the market has hit the bottom of its slide since<br \/>\nJune and those who believe fundamentals remain too weak in the<br \/>\nvery short-term to prevent further price erosion.<\/p>\n<p><span><\/span><\/p>\n<p>This difference of opinion ought to translate into more<br \/>\ntrades but this is not happening yet.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Nov S.African trades at $87\/T FOB * Newcastle trades at $86.50-$92\/T LONDON, Sept 19 (Reuters) &#8211; Prompt coal prices slipped around 25-50 U.S. cents a tonne lower on Wednesday in line with weaker oil. Prices for both delivered Europe and FOB Richards Bay cargoes have been range-bound between $83-$89 a tonne for some weeks [&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-14799","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\/14799","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=14799"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14799\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}