{"id":15318,"date":"2012-10-06T05:33:15","date_gmt":"2012-10-06T03:33:15","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/euro-coal-prices-steady-market-watches-s-africa-strikes\/"},"modified":"2012-10-06T05:33:15","modified_gmt":"2012-10-06T03:33:15","slug":"euro-coal-prices-steady-market-watches-s-africa-strikes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-steady-market-watches-s-africa-strikes\/","title":{"rendered":"Euro Coal-Prices steady, market watches S.Africa strikes"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* October S.African bid at $85.75\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* S.African union seeks strike support from rail, port<br \/>\nworkers<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Oct 5 (Reuters) &#8211; Prompt physical coal prices were<br \/>\nlittle changed on Friday after a series of trades for South<br \/>\nAfrican, delivered Europe and Newcastle cargoes.<\/p>\n<p><span><\/span><\/p>\n<p>Prices dipped by up to 25 cents a tonne, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>Coal swaps values rose by over $1.00 in early trade,<br \/>\nwidening the gap between swaps and physical prices to<br \/>\n$2.70-$3.00 dollars a tonne, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Swaps rallied and want to go higher despite coal&#8217;s<br \/>\nfundamentals remaining fairly weak but physical prices did not<br \/>\nmove,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Spreading wildcat strikes in South Africa have not yet<br \/>\naffected coal exports but will do so if transport union SATAWU<br \/>\ncan persuade rail and port workers to take industrial action<br \/>\n.<\/p>\n<p><span><\/span><\/p>\n<p>Any strike action which substantially reduced the rail<br \/>\ntransport of coal to the main port of Richards Bay or to state<br \/>\nutility Eskom would hit exports, cause power cuts and trigger a<br \/>\ncoal price spike.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;So far the impact of the truckers&#8217; strike has been to cut<br \/>\ndiesel supplies to mines but there are enough stocks at mines<br \/>\nand ports to keep shipping for a while,&#8221; one industry source<br \/>\nsaid.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* October S.African bid at $85.75\/T * S.African union seeks strike support from rail, port workers LONDON Oct 5 (Reuters) &#8211; Prompt physical coal prices were little changed on Friday after a series of trades for South African, delivered Europe and Newcastle cargoes. Prices dipped by up to 25 cents a tonne, traders said. Coal [&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-15318","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\/15318","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=15318"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15318\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}