{"id":14864,"date":"2012-09-22T04:43:33","date_gmt":"2012-09-22T02:43:33","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/euro-coal-prices-dip-again-but-flurry-of-trades-seen\/"},"modified":"2012-09-22T04:43:33","modified_gmt":"2012-09-22T02:43:33","slug":"euro-coal-prices-dip-again-but-flurry-of-trades-seen","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-again-but-flurry-of-trades-seen\/","title":{"rendered":"Euro Coal-Prices dip again but flurry of trades seen"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Oct S.African trades at $84.75\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Atlantic share of S.Africa Aug exports doubles<\/p>\n<p><span><\/span><\/p>\n<p>* China still seeking discounted, low-grade cargoes<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Sept 21 (Reuters) &#8211; Prompt coal prices eased by<br \/>\naround 50 cents a tonne on Friday in line with weaker European<br \/>\npower but remained in the range seen for the past few weeks of<br \/>\n$83-$89 a tonne.<\/p>\n<p><span><\/span><\/p>\n<p>Oil rose for the second day running to around $111 a barrel<br \/>\non supply concerns and economic optimism but this has not yet<br \/>\nfed through into the coal market.<\/p>\n<p><span><\/span><\/p>\n<p>There were several trades on Friday for both FOB and DES ARA<br \/>\ncargoes, done between a variety of traders and utilities rather<br \/>\nthan the usual two big players who have done much of the visibly<br \/>\ntraded deals on screen and via brokers this year.<\/p>\n<p><span><\/span><\/p>\n<p>The market remains range-bound, with pressure on the prompt<br \/>\nmonths, but the flurry of trades seen on Friday did not indicate<br \/>\na sudden increase in buying interest or demand, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The trend is still for prices to keep drifting gently down<br \/>\nin the near-term because the buyers are wary and there&#8217;s still<br \/>\ntoo much coal around,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Suppliers reported sporadic interest for spot cargoes of<br \/>\nvarious origins by Chinese buyers, particularly for low-grade or<br \/>\nhigh ash coal which tends to be offered at a steep discount to<br \/>\nstandard material.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Oct S.African trades at $84.75\/T * Atlantic share of S.Africa Aug exports doubles * China still seeking discounted, low-grade cargoes LONDON, Sept 21 (Reuters) &#8211; Prompt coal prices eased by around 50 cents a tonne on Friday in line with weaker European power but remained in the range seen for the past few 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-14864","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\/14864","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=14864"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14864\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}