{"id":15806,"date":"2012-10-23T08:01:03","date_gmt":"2012-10-23T06:01:03","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/euro-coal-creeps-higher-but-no-trades\/"},"modified":"2012-10-23T08:01:03","modified_gmt":"2012-10-23T06:01:03","slug":"euro-coal-creeps-higher-but-no-trades","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-creeps-higher-but-no-trades\/","title":{"rendered":"Euro Coal-Creeps higher but no trades"},"content":{"rendered":"

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

* Traders seek bilateral deals<\/span><\/p>\n

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

* Nov S.African cargo bid at $78.T, down $2.00<\/p>\n

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

LONDON<\/span> Oct 22 (Reuters) – Prompt physical coal prices moved
\nmarginally higher by 25-75 cents a tonne although no fresh
\ntrades were reported and demand remained tepid in Europe and
\nAsia.<\/p>\n

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

Despite surging coal consumption in many European countries,
\ntraders said they had seen little benefit because
\nutility\/traders had bought more than their generating arms will
\nneed through long-term contracts and have had to buy very little
\non the spot market.<\/p>\n

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

“Trading the DES ARA or Richards Bay markets via brokers or
\non screen offers very little in terms of profits, direct and
\nbilateral deals are more attractive to us now,” one European
\ntrader said.<\/p>\n

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

Prices have either reached or are very close to the bottom
\nof the slide which began in June and pushed them to a three-year
\nlow of $80.00\/T for South African coal earlier this month,
\nend-users and traders said.<\/p>\n

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

“There’s support at or close to current prices – I don’t see
\nmore than a slow recovery over months but I also think we’ve
\nseen the bottom of the market,” another trader said.<\/p>\n

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

Coal prices have been range-bound for months aside from
\nsporadic moves to a slightly higher or lower price band and this
\nhas also discouraged activity, they said.<\/p>\n

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

Oil dipped in choppy trading on Monday as economic concerns
\nand expected production and pipeline restarts offset fears about
\nMiddle East turmoil and the potential threat to the region’s
\nsupply but the move in oil prices was not big enough to pull
\ncoal with it.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Traders seek bilateral deals * Nov S.African cargo bid at $78.T, down $2.00 LONDON Oct 22 (Reuters) – Prompt physical coal prices moved marginally higher by 25-75 cents a tonne although no fresh trades were reported and demand remained tepid in Europe and Asia. Despite surging coal consumption in many European countries, traders said […]<\/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-15806","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\/15806","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=15806"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15806\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15806"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15806"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15806"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}