{"id":15543,"date":"2012-10-13T05:52:08","date_gmt":"2012-10-13T03:52:08","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/euro-coal-prices-fall-1t-flurry-of-s-african-trades\/"},"modified":"2012-10-13T05:52:08","modified_gmt":"2012-10-13T03:52:08","slug":"euro-coal-prices-fall-1t-flurry-of-s-african-trades","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-fall-1t-flurry-of-s-african-trades\/","title":{"rendered":"Euro Coal-Prices fall $1\/T, flurry of S.African trades"},"content":{"rendered":"

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

* Coal to see depressed prices into 2013 – Credit Suisse<\/span><\/p>\n

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

* November S.African bid at $79.50\/T<\/p>\n

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

LONDON<\/span> Oct 12 (Reuters) – Prompt physical coal prices fell
\nby $1 a tonne on Friday amid a flurry of Q4 trades.<\/p>\n

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

Four December loading South African cargoes traded at $83.75
\na tonne FOB Richards Bay, $2.50 lower than the previous day’s
\ntraded level.<\/p>\n

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

There is a substantial amount of Q4 South African coal in
\nthe hands of traders which they are now offering and this is
\nhelping to weaken prices, traders and utilities said.<\/p>\n

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

The sellers of the four December cargoes were all different
\ncompanies but one buyer took at least three, they said.<\/p>\n

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

“There was a bid at $79.50 a tonne for November South
\nAfrican and that doesn’t look like a ridiculous number,” one
\ntrader said.<\/p>\n

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

Both India and China, the two biggest spot buyers of thermal
\ncoal, remain sidelined, and this will further weigh on prices,
\nthey said.<\/p>\n

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

India’s imports of coal in general and South African in
\nparticular have been strong all year despite the current lull in
\nspot buying.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Coal to see depressed prices into 2013 – Credit Suisse * November S.African bid at $79.50\/T LONDON Oct 12 (Reuters) – Prompt physical coal prices fell by $1 a tonne on Friday amid a flurry of Q4 trades. Four December loading South African cargoes traded at $83.75 a tonne FOB Richards Bay, $2.50 lower […]<\/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-15543","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\/15543","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=15543"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15543\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}