{"id":15596,"date":"2012-10-16T06:01:52","date_gmt":"2012-10-16T04:01:52","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/euro-coal-prices-fall-to-fresh-lows-seen-dropping-more\/"},"modified":"2012-10-16T06:01:52","modified_gmt":"2012-10-16T04:01:52","slug":"euro-coal-prices-fall-to-fresh-lows-seen-dropping-more","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-fall-to-fresh-lows-seen-dropping-more\/","title":{"rendered":"Euro Coal-Prices fall to fresh lows, seen dropping more"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Nov S.African bid at $79.10, offered at $80\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* India&#8217;s imports seen at 100 mln T in 2012<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Oct 15 (Reuters) &#8211; Prompt physical coal prices fell<br \/>\nby around $2 a tonne on Monday although few trades were<br \/>\nreported.<\/p>\n<p><span><\/span><\/p>\n<p>Despite unusually high coal consumption in many European<br \/>\ncountries, spot demand remains minimal, utilities said.<\/p>\n<p><span><\/span><\/p>\n<p>More significantly, Indian and Chinese buyers on whom the<br \/>\nmarket largely depends to absorb spot tonnage, have been slow to<br \/>\nbegin restocking after the June-September monsoon season and the<br \/>\nrecent Chinese holidays.<\/p>\n<p><span><\/span><\/p>\n<p>India&#8217;s spot buying has been much slower to revive after the<br \/>\nmonsoon than suppliers had expected and without clear buying<br \/>\ninterest from either China or India, sellers with South African<br \/>\ncoal to move in Q4 are struggling to find enough alternative<br \/>\ntakers.<\/p>\n<p><span><\/span><\/p>\n<p>The subcontinent&#8217;s total imports of thermal coal this year<br \/>\nare likely to show some growth to 100 million tonnes from 90<br \/>\nmillion in 2011 but it will take an improvement in the country&#8217;s<br \/>\neconomy and lower coal prices to spur more buying, Indian<br \/>\nimporters said.<\/p>\n<p><span><\/span><\/p>\n<p>A November loading South African cargo traded at $80.00 a<br \/>\ntonne FOB Richards Bay on Monday, down around $2.00 from Friday<br \/>\nand the lowest traded level since December 2009.<\/p>\n<p><span><\/span><\/p>\n<p>South African prices fell to a two-year low of $81.65 in<br \/>\nJune after widespread price renegotiations and some outright<br \/>\ndefaults by Chinese traders.<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 bid at $79.10, offered at $80\/T * India&#8217;s imports seen at 100 mln T in 2012 LONDON Oct 15 (Reuters) &#8211; Prompt physical coal prices fell by around $2 a tonne on Monday although few trades were reported. Despite unusually high coal consumption in many European countries, spot demand remains minimal, utilities [&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-15596","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\/15596","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=15596"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15596\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}