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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":" * Physical to swaps discount widens to $3\/T * Oil holds firm at $112, bolstering coal, metals, oil LONDON, Sept 28 (Reuters) – Prompt physical coal prices rose by around 25 U.S. cents to $1.00 a tonne but coal swaps rallied more strongly on oil’s move above $112 a barrel and improved macro sentiment. Oil […]<\/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-15068","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\/15068","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=15068"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15068\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}* Physical to swaps discount widens to $3\/T\n * Oil holds firm at $112, bolstering coal, metals, oil\n\n LONDON, Sept 28 (Reuters) - Prompt physical coal prices rose\nby around 25 U.S. cents to $1.00 a tonne but coal swaps rallied\nmore strongly on oil's move above $112 a barrel and improved\nmacro sentiment.\n Oil held firm above $112 on Friday after plans for Spanish\neconomic reform eased investor concerns over Europe's debt\ncrisis.\n Improved sentiment lifted oil, base metals and gold in early\ntrading on Friday, pulling coal up too.\n No fresh trades were reported for delivered Europe or FOB\nRichards Bay cargoes and key buyers in India and China remain\nlargely sidelined.\n Despite unusually strong coal consumption in some European\ncountries, oversupply will keep coal prices rangebound and below\n$100 a tonne for many months, utilities and analysts said.\n Coal physical prices hit a two-year low of $81.65 a tonne\nFOB Richards Bay in June and have since moved into a new,\nslightly higher range which is unlikely to change in the\nnear-term.\n Coal swaps reacted more strongly to the lift in other\nmarkets than physical coal prices, widening the discount of\nphysical to paper to as much as $3.00 a tonne from around $2.00\na week ago.\n When the difference between physical and swaps values\nbecomes too wide for players' comfort, liquidity tends to\nshrivel and fewer trades take place.\n \n \n PRICES \n An October delivery DES ARA cargo was bid at $85.00 with no\noffer.\n A November DES ARA cargo was bid at $87.00 and offered at\n$87.50, up around 25 cents.\n A December DES ARA cargo was bid at $88.50 and offered at\n$89.25, slightly lower.\n November South African cargo was bid at $85.25 and offered at\n$86.25, up around $1.25.\n A December South African cargo was bid at $88.50 and offered\nat $89.25, also up around $1.00.\n\n (Reporting by Jacqueline Cowhig; Editing by Catherine Evans)<\/pre>\n