{"id":15963,"date":"2012-10-29T20:09:36","date_gmt":"2012-10-29T18:09:36","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/euro-coal-prices-dip-by-1t-despite-hurricane-sandy\/"},"modified":"2012-10-29T20:09:36","modified_gmt":"2012-10-29T18:09:36","slug":"euro-coal-prices-dip-by-1t-despite-hurricane-sandy","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-by-1t-despite-hurricane-sandy\/","title":{"rendered":"Euro Coal-Prices dip by $1\/T despite Hurricane Sandy"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Hurricane Sandy not seen affecting coal prices<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* DES ARA prices fall by $1\/T, S.African prices rise with<br \/>\nswaps<\/p>\n<p><span><\/span><\/p>\n<p>* TEPCO seeks diverse supply to control coal costs<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Oct 29 (Reuters) &#8211; Prompt European coal prices fell<br \/>\nfell by $1 a tonne despite an initial rise in oil prices as<br \/>\nHurricane Sandy shut U.S. refineries.<\/p>\n<p><span><\/span><\/p>\n<p>Sandy, dubbed the Frankenstorm by U.S. media, boosted U.S.<br \/>\noil and refined product prices.<\/p>\n<p><span><\/span><\/p>\n<p>U.S. coal exports from east coast ports could be disrupted<br \/>\nor at least see slight delays but this is unlikely to have any<br \/>\nimpact on spot market prices because there is still more prompt<br \/>\nsupply than demand to absorb it, traders and utilities said.<\/p>\n<p><span><\/span><\/p>\n<p>Bids for December delivery DES ARA cargoes dropped by $1 to<br \/>\n$82.50 a tonne from Friday but South African prices rose by up<br \/>\nto $2.00.<\/p>\n<p><span><\/span><\/p>\n<p>The fall in DES ARA prices and rise in FOB South African<br \/>\nprices did not indicate any fundamental shifts but was more of a<br \/>\nreflection of moves in the coal swaps market and fewer offers<br \/>\nfor South African cargoes on Monday, they said.<\/p>\n<p><span><\/span><\/p>\n<p>Until demand revives for Q4 in Europe as well as key spot<br \/>\nmarkets India and China, the impact of production cuts made this<br \/>\nyear in response to low prices will not be felt in prices, they<br \/>\nsaid.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Hurricane Sandy not seen affecting coal prices * DES ARA prices fall by $1\/T, S.African prices rise with swaps * TEPCO seeks diverse supply to control coal costs LONDON, Oct 29 (Reuters) &#8211; Prompt European coal prices fell fell by $1 a tonne despite an initial rise in oil prices as Hurricane Sandy shut [&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-15963","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\/15963","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=15963"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15963\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}