{"id":14986,"date":"2012-09-27T04:58:06","date_gmt":"2012-09-27T02:58:06","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/euro-coal-stable-chinese-trade-squeezed-by-credit\/"},"modified":"2012-09-27T04:58:06","modified_gmt":"2012-09-27T02:58:06","slug":"euro-coal-stable-chinese-trade-squeezed-by-credit","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-stable-chinese-trade-squeezed-by-credit\/","title":{"rendered":"Euro Coal-Stable, Chinese trade squeezed by credit"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Nov S.African trades at $84.75\/T, $84.25\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, Sept 26<\/span> (Reuters) &#8211; Prompt coal prices were little<br \/>\nchanged on Wednesday despite oil&#8217;s fall below $110.<\/p>\n<p><span><\/span><\/p>\n<p>Coal swaps dipped in early trade after the euro weakened<br \/>\nagainst the dollar as the euro zone crisis deepened with violent<br \/>\nclashes and a general strike in Greece but later recovered.<\/p>\n<p><span><\/span><\/p>\n<p>A few South African prompt cargoes traded at around $84.00 a<br \/>\ntonne FOB Richards Bay, 25 cents or so lower than the previous<br \/>\nday&#8217;s bid\/offer levels, but there was minimal activity in the<br \/>\nDES ARA delivered Europe market.<\/p>\n<p><span><\/span><\/p>\n<p>Many industry players were in New Delhi this week for an<br \/>\nindustry conference, where Indian importers expect to be<br \/>\nassiduously courted by suppliers struggling to move South<br \/>\nAfrican cargoes.<\/p>\n<p><span><\/span><\/p>\n<p>Indian end-users remained largely sidelined, apart from a<br \/>\nfew, small-scale tenders, and are waiting for prices to trickle<br \/>\ndown closer to $80\/T FOB before buying.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Indian business has been picking up recently, there&#8217;s been<br \/>\nan increase in spot buying but not on the level we&#8217;d expect,&#8221;<br \/>\none supplier said.<\/p>\n<p><span><\/span><\/p>\n<p>Prices for FOB and DES ARA cargoes have hovered just above<br \/>\ntwo-year lows for the past several weeks with oversupply<br \/>\nweighing on prompt values. .<\/p>\n<p><span><\/span><\/p>\n<p>South African miner Coal Of Africa saw an 18<br \/>\npercent fall in its share price on Tuesday after the company<br \/>\nconfirmed some of its staff at the Mooiplaats mine began a legal<br \/>\nstrike.<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 $84.75\/T, $84.25\/T LONDON, Sept 26 (Reuters) &#8211; Prompt coal prices were little changed on Wednesday despite oil&#8217;s fall below $110. Coal swaps dipped in early trade after the euro weakened against the dollar as the euro zone crisis deepened with violent clashes and a general strike in Greece but later [&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-14986","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\/14986","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=14986"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14986\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14986"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14986"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14986"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}