{"id":6039,"date":"2011-12-13T00:11:06","date_gmt":"2011-12-12T22:11:06","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/euro-coal-prices-drift-with-oil-euro-stocks\/"},"modified":"2011-12-13T00:11:06","modified_gmt":"2011-12-12T22:11:06","slug":"euro-coal-prices-drift-with-oil-euro-stocks","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-drift-with-oil-euro-stocks\/","title":{"rendered":"Euro Coal-Prices drift with oil, euro, stocks"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Jan ARA trades at $111.25<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Coal trade remains thin<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Dec 12 (Reuters) &#8211; Physical prompt coal prices<br \/>\nslipped again on Monday as coal was pulled lower with oil, the<br \/>\neuro, gold and equities as investors worried a European deal on<br \/>\ncloser fiscal union would not solve its debt crisis and might<br \/>\ndeepen a regional slowdown.<\/p>\n<p><span><\/span><\/p>\n<p>Brent crude oil fell below $108 a barrel, the euro, stocks<br \/>\nand gold tumbled while the dollar and German bund futures, seen<br \/>\nas a safer investor haven, rose.<\/p>\n<p><span><\/span><\/p>\n<p>Coal trading activity has been even thinner than usual this<br \/>\nmonth &#8211; the annual pre-holidays slowdown seemed to start in<br \/>\nNovember, traders and utilities said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There&#8217;s not enough activity in coal right now so it can&#8217;t<br \/>\nbuck the trend, it&#8217;s moving with oil and other markets,&#8221; one<br \/>\nutility trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Dark spreads &#8211; the profit made from generating power using<br \/>\ncoal as fuel &#8211; are still very healthy and this could encourage<br \/>\nsome more utility buying of coal swaps rather than physical,<br \/>\ntraders and utilities said.<\/p>\n<p><span><\/span><\/p>\n<p>Otherwise, a few weeks of extremely thin trading during<br \/>\nwhich the market will be vulnerable to sudden moves seem likely.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market&#8217;s mood is inherently bearish because there&#8217;s so<br \/>\nlittle spot trade and there is also a lot of coal being offered<br \/>\nright now with no takers but in general everybody seems to want<br \/>\nto do nothing, last year was very active in December but now<br \/>\nthere&#8217;s no appetite to trade,&#8221; a European trader said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Jan ARA trades at $111.25 * Coal trade remains thin LONDON Dec 12 (Reuters) &#8211; Physical prompt coal prices slipped again on Monday as coal was pulled lower with oil, the euro, gold and equities as investors worried a European deal on closer fiscal union would not solve its debt crisis and might deepen [&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-6039","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\/6039","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=6039"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6039\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}