{"id":16099,"date":"2012-11-02T20:26:37","date_gmt":"2012-11-02T18:26:37","guid":{"rendered":"http:\/\/www.myza.co.za\/11\/euro-coal-prices-dip-with-asia-on-low-demand\/"},"modified":"2012-11-02T20:26:37","modified_gmt":"2012-11-02T18:26:37","slug":"euro-coal-prices-dip-with-asia-on-low-demand","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-with-asia-on-low-demand\/","title":{"rendered":"Euro Coal-Prices dip with Asia on low demand"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Nov 2 (Reuters) &#8211; Prompt South African coal prices<br \/>\neased below the $81 per tonne mark on Friday amid few signs of<br \/>\ndemand in an oversupplied market.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>One January-loading South African cargo traded today at<br \/>\n$80.95 a tonne FOB, down 5 cents from the previous day&#8217;s deal<br \/>\nlevel as sellers continued to outnumber buyers.<\/p>\n<p><span><\/span><\/p>\n<p>Australia&#8217;s thermal coal price benchmark dropped to around<br \/>\n$82 per tonne this week, down from over $84 per tonne last week,<br \/>\nwith Chinese buyers continuing to be relatively well-stocked<br \/>\nahead of winter.<\/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, adding to the glut weighing down prices.<\/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.<\/p>\n<p><span><\/span><\/p>\n<p>But producers have limited exports due to depressed<br \/>\ninternational prices, the head of Transnet&#8217;s freight rail unit<br \/>\nsaid on Wednesday. <\/p>\n<p> (Reporting by Oleg Vukmanovic; editing by Jason Neely)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON Nov 2 (Reuters) &#8211; Prompt South African coal prices eased below the $81 per tonne mark on Friday amid few signs of demand in an oversupplied market. One January-loading South African cargo traded today at $80.95 a tonne FOB, down 5 cents from the previous day&#8217;s deal level as sellers continued to outnumber buyers. [&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-16099","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\/16099","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=16099"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/16099\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=16099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=16099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=16099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}