{"id":14836,"date":"2012-09-21T04:42:40","date_gmt":"2012-09-21T02:42:40","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/coal-prices-may-stay-weak-despite-fewer-china-price-majeures\/"},"modified":"2012-09-21T04:42:40","modified_gmt":"2012-09-21T02:42:40","slug":"coal-prices-may-stay-weak-despite-fewer-china-price-majeures","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/coal-prices-may-stay-weak-despite-fewer-china-price-majeures\/","title":{"rendered":"Coal prices may stay weak despite fewer China &quot;price majeures&quot;"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Fewer price renegotiations but shipment delays seen<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* High-priced inventories to limit imports<\/p>\n<p><span><\/span><\/p>\n<p>* Chinese traders say they bought too much<\/p>\n<p><span><\/span><\/p>\n<p>* But China set for higher 2013 total imports<\/p>\n<p><span><\/span><\/p>\n<p>By Fayen Wong and Jacqueline Cowhig<\/p>\n<p><span><\/span><\/p>\n<p>SHANGHAI\/LONDON, Sept 20 (Reuters) &#8211; Coal prices have<br \/>\nsteadied after sliding for months, giving relief to miners and<br \/>\ntraders as fewer Chinese buyers try to lower agreed contract<br \/>\nprices, but prices may stay weak as some customers are still<br \/>\nhoping to defer shipments.<\/p>\n<p><span><\/span><\/p>\n<p>China is the world&#8217;s top coal importer, and even tiny<br \/>\npercentage shifts in what it buys have amplified effects in the<br \/>\nglobal spot market.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Price majeures&#8221; contract renegotiations and shipment<br \/>\ndeferrals of up to 8 million tonnes of coal into China could<br \/>\npinch its import appetite again in 2013.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The biggest lesson for Chinese traders this year is not to<br \/>\nover-commit. After what has happened, I think many of us will be<br \/>\na lot more cautious in deciding how much to buy and at what<br \/>\nprices,&#8221; said a Shanghai-based trader who asked not to be named.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Fewer price renegotiations but shipment delays seen * High-priced inventories to limit imports * Chinese traders say they bought too much * But China set for higher 2013 total imports By Fayen Wong and Jacqueline Cowhig SHANGHAI\/LONDON, Sept 20 (Reuters) &#8211; Coal prices have steadied after sliding for months, giving relief to miners and [&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-14836","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\/14836","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=14836"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14836\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}