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\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" * Nov S.African trades at $84\/T * Oct DES ARA trades at $84.75\/T LONDON, Sept 25 (Reuters) – Prompt coal prices recovered slightly from Monday’s losses, bolstered by oil’s rise to around $111 a barrel but few trades were reported. There is continued pressure on prompt South African coal prices because key spot buyers in […]<\/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-14952","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\/14952","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=14952"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14952\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14952"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14952"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Nov S.African trades at $84\/T\n * Oct DES ARA trades at $84.75\/T\n\n LONDON, Sept 25 (Reuters) - Prompt coal prices recovered\nslightly from Monday's losses, bolstered by oil's rise to around\n$111 a barrel but few trades were reported.\n There is continued pressure on prompt South African coal\nprices because key spot buyers in India and China have largely\nretreated, waiting for prices to fall further.\n Although the market is less oversupplied than it was a few\nmonths ago and the record exports of high-sulphur U.S. coal\nwhich were primarily responsible for the market touching\ntwo-year lows in June have shrunk, it is not yet in balance.\n Some end-users in Europe who blend U.S. coal with cheaper,\nlower volatile fuel have paid small premiums over the API2 price\nbenchmark for panamax cargos but not enough to suggest that U.S.\nexports will flow next year at the same level as in 2012.\n \"Oil rallied today and coal followed to some extent but\nthere is still a lot of coal around,\" one European trader said.\n At delivered Europe prices of around $90 a tonne, prices are\nhovering around the marginal costs of the highest-cost exporters\n- Russia and the United States, Barclays Capital said in a\nresearch note on Tuesday.\n While production cuts are likely to limit potential downside\nfor prices, \"the inventory builds and modest Pacific demand\nsuggest limited upside, barring a significant weather or\nsupply-side event,\" BarCap said.\n BarCap has lowered its price forcasts for DES ARA and\nRichards Bay prices by 1-3 percent, expecting both to trade\naround a $90\/T mean due to the impact of a slowdown in Chinese\ngrowth and high Chinese coal inventories.\n\n \n TRADES\n A November loading South African cargo traded at $84.00 a\ntonne FOB Richards Bay, up around 50 cents.\n An October delivery DES ARA cargo traded at $84.75\/T, also\nup around 50 cents.\n \n\n (Reporting by Jacqueline Cowhig; Editing by Catherine Evans)<\/pre>\n