{"id":15218,"date":"2012-10-04T05:28:13","date_gmt":"2012-10-04T03:28:13","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/euro-coal-stable-prices-flurry-of-s-african-trades-seen\/"},"modified":"2012-10-04T05:28:13","modified_gmt":"2012-10-04T03:28:13","slug":"euro-coal-stable-prices-flurry-of-s-african-trades-seen","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-stable-prices-flurry-of-s-african-trades-seen\/","title":{"rendered":"Euro Coal-Stable prices, flurry of S.African trades seen"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Nov S.African cargoes trade at $83.75-$84\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Weak rupee limits Indian buying interest<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Oct 3 (Reuters) &#8211; Prompt physical coal prices were<br \/>\nbarely changed again as the market waited for a much-needed<br \/>\nseasonal rise in demand to absorb some of the persistent<br \/>\noversupply.<\/p>\n<p><span><\/span><\/p>\n<p>An unusually large number of South African cargoes traded on<br \/>\nWednesday but there seemed no common factor behind the buying.<\/p>\n<p><span><\/span><\/p>\n<p>Most of the five cargoes which traded were bought by traders<br \/>\nor utility\/traders and were thought to be covering short<br \/>\npositions or to defend swaps positions.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There were various types of buyers involved, I wouldn&#8217;t say<br \/>\nit&#8217;s driven by Indian buying,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>There have been more enquiries for prompt South African<br \/>\ntonnes by Indian trade importers but demand in the subcontinent<br \/>\nremains muted, Indian traders said.<\/p>\n<p><span><\/span><\/p>\n<p>Although South African prices have slipped close to the<br \/>\n$81.65\/T two-year low seen in June and are substantially lower<br \/>\nthan the $100 levels seen at the start of the year, the weakness<br \/>\nof the Indian rupee against the U.S. dollar has trimmed very<br \/>\nlittle from the real cost of imported coal, Indian traders said.<\/p>\n<p><span><\/span><\/p>\n<p>The rupee on Wednesday touched a five-month high driven by<br \/>\nforeign fund inflows into equities but was recovering from<br \/>\nhitting a two-year low in the summer and remains relatively weak<br \/>\n.<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 cargoes trade at $83.75-$84\/T * Weak rupee limits Indian buying interest LONDON Oct 3 (Reuters) &#8211; Prompt physical coal prices were barely changed again as the market waited for a much-needed seasonal rise in demand to absorb some of the persistent oversupply. An unusually large number of South African cargoes traded on [&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-15218","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\/15218","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=15218"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15218\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}