{"id":14917,"date":"2012-09-25T04:53:34","date_gmt":"2012-09-25T02:53:34","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/euro-coal-s-african-prices-fall-again-close-to-2-yr-lows\/"},"modified":"2012-09-25T04:53:34","modified_gmt":"2012-09-25T02:53:34","slug":"euro-coal-s-african-prices-fall-again-close-to-2-yr-lows","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-s-african-prices-fall-again-close-to-2-yr-lows\/","title":{"rendered":"Euro Coal-S.African prices fall again close to 2-yr lows"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Oil fall pulls coal down by 50c\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Macro woes, lack of end-user buying weigh on prices<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, Sept 24<\/span> (Reuters) &#8211; Pressure increased on prompt<br \/>\nSouth African coal prices on Monday as the market fell in line<br \/>\nwith oil&#8217;s 1 percent drop and buyers backed away, scenting<br \/>\nfurther weakeness.<\/p>\n<p><span><\/span><\/p>\n<p>Oil fell by $1.64 a barrel to $109.78 earlier on Monday,<br \/>\npulling down other commodity values with it.<\/p>\n<p><span><\/span><\/p>\n<p>Macro economic concerns also undermined the fragile<br \/>\nconfidence in a coal price recovery any time soon, traders and<br \/>\nutilities said.<\/p>\n<p><span><\/span><\/p>\n<p>Stock markets and the euro fell on Monday as investors<br \/>\nlooked past recently announced central bank stimulus plans and<br \/>\nfocused instead on weak economic fundamentals and the euro<br \/>\nzone&#8217;s unresolved debt crisis.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;All the news today, whether it&#8217;s macro, or China, or oil,<br \/>\nhas been bad, that&#8217;s pulled everything done &#8211; and the buyers<br \/>\naren&#8217;t there,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>October loading South African cargoes were offered at $82.75<br \/>\na tonne FOB Richards Bay on Monday, down around 50 cents from<br \/>\nFriday and with no bids seen.<\/p>\n<p><span><\/span><\/p>\n<p>Prompt South African prices fell to a low of $81.65 in June<br \/>\nbut have since crept up into a slightly higher range of $83-$89.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Oil fall pulls coal down by 50c\/T * Macro woes, lack of end-user buying weigh on prices LONDON, Sept 24 (Reuters) &#8211; Pressure increased on prompt South African coal prices on Monday as the market fell in line with oil&#8217;s 1 percent drop and buyers backed away, scenting further weakeness. Oil fell by $1.64 [&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-14917","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\/14917","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=14917"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14917\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}