{"id":15686,"date":"2012-10-18T06:05:04","date_gmt":"2012-10-18T04:05:04","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/euro-coal-dec-ara-trades-higher-but-activity-remains-thin\/"},"modified":"2012-10-18T06:05:04","modified_gmt":"2012-10-18T04:05:04","slug":"euro-coal-dec-ara-trades-higher-but-activity-remains-thin","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-dec-ara-trades-higher-but-activity-remains-thin\/","title":{"rendered":"Euro Coal-Dec ARA trades higher but activity remains thin"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Nov S.African cargo bid at $79.25, offered at $81\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Indian buyers focus again on low-grade cargoes<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Oct 17 (Reuters) &#8211; Prompt physical coal prices were<br \/>\nlittle changed to slightly higher on Wednesday but few trades<br \/>\nwere seen as many coal market players returned from the biggest<br \/>\nannual industry conference in Istanbul this week.<\/p>\n<p><span><\/span><\/p>\n<p>Spot prices fell on Monday to fresh lows of $80 a tonne FOB<br \/>\nfor South African coal, the lowest level since end-December<br \/>\n2009, and have since regained 50c-$1.00, traders and utilities<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;November South African was bid again today at $79.25 a<br \/>\ntonne but $81.00 is where most people are pegging prices,&#8221; one<br \/>\nEuropean trader said.<\/p>\n<p><span><\/span><\/p>\n<p>A December DES ARA cargo traded at $86.25, up $1.50 from the<br \/>\nprevious day&#8217;s last trade, but buying interest remains thin.<\/p>\n<p><span><\/span><\/p>\n<p>Indian spot demand remains limited and buyers are focusing<br \/>\non sourcing low-grade Australian and South African coal which is<br \/>\ntrading at a steep discount to standard material and this is<br \/>\nlikely to further weigh on prices, Indian traders said.<\/p>\n<p><span><\/span><\/p>\n<p>Reports of defaults by one Indian trading firm against a<br \/>\nproducer of South African coal and a European trader, have<br \/>\nincreased market edginess about non-performance by Indian<br \/>\ncounterparties after widespread Chinese price renegotiations<br \/>\nearlier this year.<\/p>\n<p><span><\/span><\/p>\n<p>Sentiment at the Coaltrans conference in Istanbul was gloomy<br \/>\non the whole, with little upside potential seen for prices<br \/>\nwithin the next few months, participants 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 cargo bid at $79.25, offered at $81\/T * Indian buyers focus again on low-grade cargoes LONDON Oct 17 (Reuters) &#8211; Prompt physical coal prices were little changed to slightly higher on Wednesday but few trades were seen as many coal market players returned from the biggest annual industry conference in Istanbul this [&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-15686","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\/15686","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=15686"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15686\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}