{"id":15587,"date":"2012-10-15T18:01:37","date_gmt":"2012-10-15T16:01:37","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/update-1-nov-s-african-coal-at-80t-lowest-since-dec-2009\/"},"modified":"2012-10-15T18:01:37","modified_gmt":"2012-10-15T16:01:37","slug":"update-1-nov-s-african-coal-at-80t-lowest-since-dec-2009","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-nov-s-african-coal-at-80t-lowest-since-dec-2009\/","title":{"rendered":"UPDATE 1-Nov S.African coal at $80\/T, lowest since Dec 2009"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Nov S.African offered again at $80\/T after early trade<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Prompt Newcastle cargo trades at $76\/T<\/p>\n<p> (Adds quote, graphic)<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Oct 15 (Reuters) &#8211; A November loading panamax cargo<br \/>\nof South African coal traded at $80.00 a tonne FOB Richards Bay<br \/>\non Monday on the globalCOAL electronic trading platform.<\/p>\n<p><span><\/span><\/p>\n<p>It was the lowest traded level since end-December 2009,<br \/>\ntraders said. Coal prices hit a two-year low of $81.65 in June<br \/>\nbecause supply growth outpaced demand.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;After the trade at $80, it has been offered on at the same<br \/>\nprice and I fully expect by Wednesday to see Richards Bay trade<br \/>\nat $76,&#8221; one market participant said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There&#8217;s just so little demand and a lot more coal needs to<br \/>\nbe sold,&#8221; he added.<\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>A prompt cargo of Australian coal traded on Monday at $76.00<br \/>\na tonne FOB Newcastle, which some players took as an indicator<br \/>\nof weakness in the Pacific market.<\/p>\n<p><span><\/span><\/p>\n<p>Indian spot buying has been slow to revive after the<br \/>\nJune-September monsoon season, and this has been a major factor<br \/>\nin the current coal price slide, traders and producers said.<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 offered again at $80\/T after early trade * Prompt Newcastle cargo trades at $76\/T (Adds quote, graphic) LONDON Oct 15 (Reuters) &#8211; A November loading panamax cargo of South African coal traded at $80.00 a tonne FOB Richards Bay on Monday on the globalCOAL electronic trading platform. It was the lowest traded [&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-15587","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\/15587","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=15587"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15587\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}