{"id":15912,"date":"2012-10-26T20:08:03","date_gmt":"2012-10-26T18:08:03","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/euro-coal-prices-dip-50c-asia-buyers-wait-on-sidelines\/"},"modified":"2012-10-26T20:08:03","modified_gmt":"2012-10-26T18:08:03","slug":"euro-coal-prices-dip-50c-asia-buyers-wait-on-sidelines","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-50c-asia-buyers-wait-on-sidelines\/","title":{"rendered":"Euro Coal-Prices dip 50c, Asia buyers wait on sidelines"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Nov and Dec S.African cargoes bid at $74\/T FOB<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* 1.2 million tonnes\/year coal affected by S.African strikes<\/p>\n<p><span><\/span><\/p>\n<p>* Analysts neutral to negative on coal price direction<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Oct 26 (Reuters) &#8211; Prompt physical coal prices<br \/>\nslipped by 50-60 U.S. cents a tonne for the third day in a row<br \/>\nas weak demand from India and China outweighed anxieties about<br \/>\nSouth African strikes spreading to disrupt exports.<\/p>\n<p><span><\/span><\/p>\n<p>Although India&#8217;s monthly imports have been strong and steady<br \/>\nall year, spot buying for Q4 has been disappointing, suppliers<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Having waited for prices to drop to $80 for South African<br \/>\nbefore buying and then seen the market fall below that level,<br \/>\nthey&#8217;ve backed off now because it may not have hit the bottom<br \/>\nyet,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>November and December loading South African cargoes were bid<br \/>\nat $74.00 a tonne FOB Richards Bay on Friday &#8211; having fallen to<br \/>\na nearly three-year low of $77 on Wednesday.<\/p>\n<p><span><\/span><\/p>\n<p>Bids of $74 which were dismissed as unrealistically low by<br \/>\nmany players on Thursday seemed on Friday far more realistic a<br \/>\nreflection of the market&#8217;s weakness in the last two months of<br \/>\nthe calendar year, traders and utilities said.<\/p>\n<p><span><\/span><\/p>\n<p>While prices appear vulnerable to further falls, Indian<br \/>\nbuyers in particular will remain sidelined, they 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 and Dec S.African cargoes bid at $74\/T FOB * 1.2 million tonnes\/year coal affected by S.African strikes * Analysts neutral to negative on coal price direction LONDON, Oct 26 (Reuters) &#8211; Prompt physical coal prices slipped by 50-60 U.S. cents a tonne for the third day in a row as weak demand from [&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-15912","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\/15912","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=15912"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}