{"id":16056,"date":"2012-11-01T08:22:52","date_gmt":"2012-11-01T06:22:52","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/euro-coal-prices-dip-no-impact-from-u-s-storm\/"},"modified":"2012-11-01T08:22:52","modified_gmt":"2012-11-01T06:22:52","slug":"euro-coal-prices-dip-no-impact-from-u-s-storm","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-no-impact-from-u-s-storm\/","title":{"rendered":"Euro Coal-Prices dip, no impact from U.S. storm"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Dec S.African cargoes trade at $77.25, $77.85\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Hurricane Sandy causes minimal damage to U.S. coal ports<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Oct 31 (Reuters) &#8211; Prompt South African coal prices<br \/>\nslipped by around 50 cents a tonne on Wednesday as weak demand<br \/>\nencouraged bearish sentiment, traders and utilities said.<\/p>\n<p><span><\/span><\/p>\n<p>Two December-loading South African cargoes traded today at<br \/>\n$77.25 and $77.85 a tonne FOB, down 50 cents from the previous<br \/>\nday&#8217;s bid level and over $1 lower than Tuesday&#8217;s offer level,<br \/>\nand there are still more potential sellers than buyers, traders<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There&#8217;s still a lot of unsold coal out there, South African<br \/>\nis uncompetitively priced in just about every market, and the<br \/>\nIndians are buying very little, just enquiring,&#8221; one supplier<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>South African producers, which have take-or-pay contracts to<br \/>\nmove coal by rail to Richards Bay Coal Terminal, every year tend<br \/>\nto push exports through at maximum capacity until the end of<br \/>\nDecember.<\/p>\n<p><span><\/span><\/p>\n<p>Exports this year are expected to reach 70 million tonnes as<br \/>\na result of efficiency improvements and capacity expansion by<br \/>\nstate rail operator Transnet, but producers have limited exports<br \/>\ndue to depressed international prices, the head of Transnet&#8217;s<br \/>\nfreight rail unit said on Wednesday.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa may export around 68 million tonnes this year<br \/>\nrather than the 73-75 million which Transnet could move to the<br \/>\nport of RBCT, Transnet&#8217;s Siyabonga Gama said.<\/p>\n<p><span><\/span><\/p>\n<p>The loss of 2 million tonnes of South African exports will<br \/>\nnot make much of a dent in the market&#8217;s chronic oversupply,<br \/>\nwhich has weighed on prices all year because the main culprit<br \/>\nbehind the glut has been U.S. exports.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Dec S.African cargoes trade at $77.25, $77.85\/T * Hurricane Sandy causes minimal damage to U.S. coal ports LONDON Oct 31 (Reuters) &#8211; Prompt South African coal prices slipped by around 50 cents a tonne on Wednesday as weak demand encouraged bearish sentiment, traders and utilities said. Two December-loading South African cargoes traded today at [&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-16056","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\/16056","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=16056"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16056\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}