{"id":15024,"date":"2012-09-28T05:04:38","date_gmt":"2012-09-28T03:04:38","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/euro-coal-prices-rise-by-1t-buyers-remain-scarce\/"},"modified":"2012-09-28T05:04:38","modified_gmt":"2012-09-28T03:04:38","slug":"euro-coal-prices-rise-by-1t-buyers-remain-scarce","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-rise-by-1t-buyers-remain-scarce\/","title":{"rendered":"Euro Coal-Prices rise by $1\/T, buyers remain scarce"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Nov S.African bid at $84.50\/T, up $1.00<\/span><\/p>\n

<\/span><\/p>\n

* Swaps rally bolsters physical<\/p>\n

<\/span><\/p>\n

LONDON, Sept 27<\/span> (Reuters) – Prompt coal prices rose by
\naround $1.00 a tonne on Thursday, boosted by oil’s rally to $112
\nand active coal swaps buying which pulled physical values
\nhigher.<\/p>\n

<\/span><\/p>\n

“Oil rose strongly in the morning, that pushed everything
\nelse up, but the fundamentals haven’t changed,” one European
\ntrader said.<\/p>\n

<\/span><\/p>\n

Players were buying coal swaps to protect their hedged
\npositions rather than because of a new bullishness, traders
\nsaid, and the market’s overall outlook for the balance of the
\nyear remains bearish.<\/p>\n

<\/span><\/p>\n

Indian spot demand has been slow to revive after the hiatus
\nof the June-September monsoon season, while Chinese importers
\nare seeking primarily low-grade material at discounted rates,
\nand that in limited quantity.<\/p>\n

<\/span><\/p>\n

Supply has reduced. Few U.S. high-sulphur spot cargoes are
\nbeing offered because sellers would make a sizeable loss if they
\nsold panamax cargoes into Europe at current delivered prices of
\nunder $90 a tonne.<\/p>\n

<\/span><\/p>\n

Cuts are being made at mines in Indonesia, Australia, Russia
\nand the United States but the effect is not being felt yet due
\nto tepid spot demand.<\/p>\n

<\/span><\/p>\n

U.S. utilities are starting, in a limited way, to use more
\ncoal because natural gas prices have been rising, which could
\nkeep some U.S. coal in the domestic market but not enough to
\nmake a sizeable difference, utility buyers said.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Nov S.African bid at $84.50\/T, up $1.00 * Swaps rally bolsters physical LONDON, Sept 27 (Reuters) – Prompt coal prices rose by around $1.00 a tonne on Thursday, boosted by oil’s rally to $112 and active coal swaps buying which pulled physical values higher. “Oil rose strongly in the morning, that pushed everything else […]<\/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-15024","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\/15024","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=15024"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15024\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15024"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15024"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15024"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}