{"id":6203,"date":"2011-12-17T00:25:56","date_gmt":"2011-12-16T22:25:56","guid":{"rendered":"http:\/\/www.myza.co.za\/12\/euro-coal-spreads-widen-activity-muted-2\/"},"modified":"2011-12-17T00:25:56","modified_gmt":"2011-12-16T22:25:56","slug":"euro-coal-spreads-widen-activity-muted-2","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-spreads-widen-activity-muted-2\/","title":{"rendered":"Euro Coal-Spreads widen, activity muted"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* China import arb remains wide open -Credit Suisse<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* U.S. high-sulphur shipments rising to Europe<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Dec 16 (Reuters) &#8211; Physical prompt coal prices<br \/>\nwere little changed again on Friday but few players were active<br \/>\nin the market and the bid\/offer spreads widened as a result.<\/p>\n<p><span><\/span><\/p>\n<p>In the absence of fresh spot trade to give clear price<br \/>\ndirection, coal is tracking oil, equities and the euro, as it<br \/>\nhas for the past few months.<\/p>\n<p><span><\/span><\/p>\n<p>Oil edged up near \u00a3104 a barrel on Friday,<br \/>\nconsolidating after heavy falls earlier in the week, due to the<br \/>\nweaker dollar and concerns about U.S. sanctions against Iran,<br \/>\nbut euro zone debt worries capped gains.<\/p>\n<p><span><\/span><\/p>\n<p>There was so little coal trading activity on Friday,<br \/>\nhowever, that prices barely reacted to oil&#8217;s steadier tone.<\/p>\n<p><span><\/span><\/p>\n<p>Traders, producers and utilities are focused more on Q1,<br \/>\nwhere the hot spots of demand might be and what kind of support<br \/>\nfor prices could come from severe weather.<\/p>\n<p><span><\/span><\/p>\n<p>Australia is preparing for another active cyclone season as<br \/>\na La Nina weather pattern again brings heavy rains<br \/>\n. The impact of another La Nina is not expected<br \/>\nto be as severe as last year, when successive cyclones and<br \/>\ntropical storms through the winter and spring flooded coal mines<br \/>\nin Queensland state and caused coal prices to spike.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Few people among the usual players were in the market, the<br \/>\nholidays seem to have started early and the bid\/offer spreads<br \/>\nare so wide that clearly very little if anything is going to<br \/>\ntrade,&#8221; one 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>* China import arb remains wide open -Credit Suisse * U.S. high-sulphur shipments rising to Europe LONDON Dec 16 (Reuters) &#8211; Physical prompt coal prices were little changed again on Friday but few players were active in the market and the bid\/offer spreads widened as a result. In the absence of fresh spot trade to [&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-6203","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\/6203","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=6203"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6203\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}