{"id":15490,"date":"2012-10-11T17:46:02","date_gmt":"2012-10-11T15:46:02","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/euro-coal-prices-drop-1-2t\/"},"modified":"2012-10-11T17:46:02","modified_gmt":"2012-10-11T15:46:02","slug":"euro-coal-prices-drop-1-2t","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-drop-1-2t\/","title":{"rendered":"Euro Coal-Prices drop $1-2\/T"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Dec DES ARA trades at $87.25\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Nov S.African offered at $84\/T, down $2<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Oct 11 (Reuters) &#8211; Prompt physical coal prices fell<br \/>\nby $1-2 a tonne on Thursday in line with coal swaps&#8217; weakness in<br \/>\nearly trading.<\/p>\n<p><span><\/span><\/p>\n<p>A November loading South African cargo was bid at $80.00 and<br \/>\noffered at $84.00 a tonne, down more than $2.00 on the offer.<\/p>\n<p><span><\/span><\/p>\n<p>Some South African producers have unsold cargoes for<br \/>\nNovember and December and this could weigh on prices, countering<br \/>\nremaining anxiety over wildcat strikes in the South African<br \/>\nmining industry spreading to the coal sector.<\/p>\n<p><span><\/span><\/p>\n<p>Oil&#8217;s rally to over $115 a barrel on escalating tension<br \/>\nbetween Syria and Turkey did litle to buoy coal prices but may<br \/>\ndo so in the next few days because coal often lags moves in oil,<br \/>\ntraders said.<\/p>\n<p><span><\/span><\/p>\n<p>Spot buying interest in Europe remains limited and fresh<br \/>\nbuying from India and China has been slow to revive after the<br \/>\nIndian monsoon season and Chinese Golden Week holidays.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Industrial growth (in India) is the problem, not the price<br \/>\nof coal,&#8221; one major Indian trade importer said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The cement sector is oversupplied, so is sponge iron and at<br \/>\nthe same time their costs have been rising so they need less<br \/>\ncoal,&#8221; he said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Dec DES ARA trades at $87.25\/T * Nov S.African offered at $84\/T, down $2 LONDON Oct 11 (Reuters) &#8211; Prompt physical coal prices fell by $1-2 a tonne on Thursday in line with coal swaps&#8217; weakness in early trading. A November loading South African cargo was bid at $80.00 and offered at $84.00 a [&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-15490","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\/15490","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=15490"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15490\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}