{"id":16028,"date":"2012-10-31T08:17:07","date_gmt":"2012-10-31T06:17:07","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/euro-coal-prices-rise-1-1-50t-with-gas-swaps\/"},"modified":"2012-10-31T08:17:07","modified_gmt":"2012-10-31T06:17:07","slug":"euro-coal-prices-rise-1-1-50t-with-gas-swaps","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-rise-1-1-50t-with-gas-swaps\/","title":{"rendered":"Euro Coal-Prices rise $1-$1.50\/T with gas, swaps"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Jan S.African cargo trades at $81.25\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Hurricane Sandy seen causing temporary price rise at most<\/p>\n<p><span><\/span><\/p>\n<p>* U.S. coal exports start to slow<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Oct 30 (Reuters) &#8211; Prompt European coal prices rose<br \/>\nby $1-$1.50 a tonne on Tuesday in line with coal swaps and<br \/>\nhigher gas but few trades were reported.<\/p>\n<p><span><\/span><\/p>\n<p>South African cargo prices rose by $1.00 but remain below<br \/>\n$80 a tonne, a level at which many of the smaller producers will<br \/>\nbe making losses.<\/p>\n<p><span><\/span><\/p>\n<p>December loading South African cargoes were bid at $77.65 a<br \/>\ntonne on Tuesday but key Indian buyers were holding out for<br \/>\nstill lower prices or for cheaper, sub-standard specification<br \/>\nmaterial.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market must be at the bottom now, at these prices too<br \/>\nmany producers are feeling pain,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>The flow of U.S. coal exports into Europe has slowed<br \/>\nsignificantly during the past month as spot coal sales dried up<br \/>\n&#8211; at prices of around $85 a tonne delivered into Europe, U.S<br \/>\ncoal sellers cannot compete with suppliers of other coal origins<br \/>\nsuch as Colombian or Russian.<\/p>\n<p><span><\/span><\/p>\n<p>This slowing in U.S. exports should start to have a positive<br \/>\nimpact on European prices within weeks, traders and utilities<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>* Jan S.African cargo trades at $81.25\/T * Hurricane Sandy seen causing temporary price rise at most * U.S. coal exports start to slow LONDON, Oct 30 (Reuters) &#8211; Prompt European coal prices rose by $1-$1.50 a tonne on Tuesday in line with coal swaps and higher gas but few trades were reported. South African [&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-16028","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\/16028","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=16028"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16028\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16028"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16028"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16028"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}