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\t\t<\/span><\/p>\n <\/span><\/p>\n \n \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":" LONDON, Oct 23 (Reuters) – Prompt physical coal prices dropped by up to $1.00 a tonne on Tuesday in line with oil’s $2 a barrel fall on concerns about slowing economic growth and the eurozone debt crisis. Brent crude futures fell more than $2 to the 100-day moving average on Tuesday. Despite the coal price […]<\/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-15813","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\/15813","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=15813"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15813\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}LONDON, Oct 23 (Reuters) - Prompt physical coal prices\ndropped by up to $1.00 a tonne on Tuesday in line with oil's $2\na barrel fall on concerns about slowing economic growth and the\neurozone debt crisis.\n Brent crude futures fell more than $2 to the\n100-day moving average on Tuesday.\n Despite the coal price fall on Tuesday, prices have remained\nin the same range of $82-$88 for several weeks and activity has\nbeen limited.\n The outlook for in the next month is a little bearish\nbecause spot demand from major buyers India and China has been\nslow to revive after the summer hiatus.\n End-users and suppliers agree that the slump which pushed\nprices to nearly three-year lows for South African prices last\nmonth is nearly over with perhaps a few more dollars to fall\nbefore a slow recovery begins.\n \"We're either at the bottom of the market yet or very close\nto it,\" one producer said. \n A November loading South African cargo was bid at $79.60 a\ntonne FOB Richards Bay on Tuesday, a price level which was seen\nas an indicator of market weakness by some players.\n At $80\/T or lower, some of the smaller South African\nproducers will be making losses or close to their marginal\ncosts, industry sources said.\n The squeeze between soaring mining costs and slumping\ncommodity prices has already spurred output cuts in the U.S.,\nRussia, Indonesia and Australia, who number in the world's top\nten coal exporting countries.\n But not enough production has yet been cut to compensate for\nsluggish demand growth and support prices.\n Hedge funds, who were starting to become actively involved\nin trading coal swaps and dabbling in coal equities, have all\nbut vanished from the market this year because of static prices.\n \"There's very little appetite to do business still, mostly\nthe same few players, so the spot market is very quiet,\" one\nEuropean trader said.\n \n \n TRADES\n A January delivery DES ARA cargo traded at $87.00, down 50\ncents from Monday.\n A November DES ARA cargo traded at $85.00, down 50 cents.\n \n PRICES \n A December DES ARA cargo was bid at $86.25 and offered at\n$87.00, down $1.00.\n A November loading South African cargo was bid at $79.60 a\ntonne and offered at $79.90, down 60 cents on the offer.\n A December South African cargo was offered at $82.00, also\nslightly lower.\n\n (Reporting by Jacqueline Cowhig; Editing by Anthony Barker)<\/pre>\n