{"id":15142,"date":"2012-10-02T05:25:06","date_gmt":"2012-10-02T03:25:06","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/euro-coal-stable-to-lower-indian-buyers-stand-back\/"},"modified":"2012-10-02T05:25:06","modified_gmt":"2012-10-02T03:25:06","slug":"euro-coal-stable-to-lower-indian-buyers-stand-back","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-stable-to-lower-indian-buyers-stand-back\/","title":{"rendered":"Euro Coal-Stable to lower, Indian buyers stand back"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Two Nov S.African cargoes trade at $84.65, $84.50\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Range-bound prices dissuade trade &#8211; again<\/p>\n<p><span><\/span><\/p>\n<p>* Strong Europe demand countered by disappointing Asia<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Oct 1 (Reuters) &#8211; Prompt physical coal prices were<br \/>\nlittle changed to slightly lower on Monday despite a rise in oil<br \/>\nafter better than expected U.S. manufacturing data.<\/p>\n<p><span><\/span><\/p>\n<p>Oil rose above $113 a barrel as the U.S. data offset fresh<br \/>\nsigns of weakness in China and Japan and evidence of a new<br \/>\nrecession in the euro zone.<\/p>\n<p><span><\/span><\/p>\n<p>Few trades took place on Monday because end-users in India<br \/>\nare waiting for lower prices, China is buying limited fresh<br \/>\ncargoes of low-grade material and the recent lack of price<br \/>\nmovement makes this market unappealing to traders.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There&#8217;s nothing happening and nobody wants to or needs to<br \/>\ndo anything,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>The lack of price movement recently has also dissuaded<br \/>\nplayers from trading because it is difficult to make more than a<br \/>\nslim margin in stagnant markets which remain range-bound for<br \/>\nseveral weeks at a time.<\/p>\n<p><span><\/span><\/p>\n<p>European utilities should start buying spot tonnages for Q4<br \/>\nand Q1 in the next few weeks but this is unlikely to make a<br \/>\ndifference to prices &#8211; Europe has seen strong coal consumption<br \/>\nand imports this year but Asian demand has been disappointing to<br \/>\ncounterbalance that.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Two Nov S.African cargoes trade at $84.65, $84.50\/T * Range-bound prices dissuade trade &#8211; again * Strong Europe demand countered by disappointing Asia LONDON, Oct 1 (Reuters) &#8211; Prompt physical coal prices were little changed to slightly lower on Monday despite a rise in oil after better than expected U.S. manufacturing data. Oil rose [&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-15142","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\/15142","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=15142"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15142\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15142"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15142"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15142"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}