{"id":15390,"date":"2012-10-09T05:39:00","date_gmt":"2012-10-09T03:39:00","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/euro-coal-swaps-rally-on-strike-fears-boosting-physical\/"},"modified":"2012-10-09T05:39:00","modified_gmt":"2012-10-09T03:39:00","slug":"euro-coal-swaps-rally-on-strike-fears-boosting-physical","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-swaps-rally-on-strike-fears-boosting-physical\/","title":{"rendered":"Euro Coal-Swaps rally on strike fears, boosting physical"},"content":{"rendered":"

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

* Nov S.African trades at $84.75, $85\/T up slightly<\/span><\/p>\n

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

* S.African local govt unions mull strike action<\/p>\n

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

LONDON<\/span> Oct 8 (Reuters) – Prompt physical coal prices rose
\nslightly by 25-75 U.S. cents a tonne on Monday, in line with
\nstronger coal swaps values that were supported by concerns about
\npossible strike action in South Africa.<\/p>\n

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

South African FOB prices showed surprising resilience,
\ntraders said, given the tepid end-user spot buying in recent
\nweeks.<\/p>\n

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

The risk of strikes in South Africa affecting the country’s
\ncoal exports was cited as a reason for swaps’ strength late last
\nweek and on Monday although physical players doubted there was
\nmore than a slim chance of this happening.<\/p>\n

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

But the swaps rally pulled physical prices up and drew out
\nbuying interest from traders and end-users.<\/p>\n

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

“The possibility of the strikes spreading has been mentioned
\nin some broker reports, it’s a factor in the swaps market rather
\nthan physical,” one European trader said.<\/p>\n

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

There have been several prompt South African cargo trades a
\nday for the past few days, although prices have hardly moved,
\nbut these do not suggest an improvement in underlying demand,
\nwhich remains weak, suppliers and end-users said.<\/p>\n

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

South Africa’s local government workers’ union said on
\nMonday that it would launch a strike over pay in the next few
\ndays, a sign that labour unrest is spreading well beyond the
\nprecious metals mines where it started.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Nov S.African trades at $84.75, $85\/T up slightly * S.African local govt unions mull strike action LONDON Oct 8 (Reuters) – Prompt physical coal prices rose slightly by 25-75 U.S. cents a tonne on Monday, in line with stronger coal swaps values that were supported by concerns about possible strike action in South Africa. […]<\/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-15390","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\/15390","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=15390"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15390\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}