{"id":6637,"date":"2012-01-04T01:12:49","date_gmt":"2012-01-03T23:12:49","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/euro-coal-prices-dip-by-1t-but-trade-subdued\/"},"modified":"2012-01-04T01:12:49","modified_gmt":"2012-01-03T23:12:49","slug":"euro-coal-prices-dip-by-1t-but-trade-subdued","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-by-1t-but-trade-subdued\/","title":{"rendered":"Euro Coal-Prices dip by $1\/T but trade subdued"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* China, India remain sidelined<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Rupee weakness vs. dollar slows buying<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Jan 3 (Reuters) &#8211; Physical prompt coal markets<br \/>\nbegan 2012 subdued, with no fresh trades reported, while prices<br \/>\ndrifted $1.00 a tonne lower with European power prices and EU<br \/>\ncarbon.<\/p>\n<p><span><\/span><\/p>\n<p>The price fall did little to encourage trade because there<br \/>\nis sufficient spot coal in the Pacific and Atlantic and<br \/>\nend-users in China, India and Europe are waiting to see if the<br \/>\nprice fall predicted last month will materialise before buying.<\/p>\n<p><span><\/span><\/p>\n<p>Indian buyers, in particular, are holding out for lower<br \/>\nprices because the rupee&#8217;s fall to a record low in November<br \/>\nagainst the U.S. dollar has inflated the prices paid in rupees<br \/>\nby end-users to an untenable level, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>Although the price of low to medium-grade Indonesian coal,<br \/>\nwhich accounts for most of India&#8217;s imports, has fallen from<br \/>\nyear-ago levels, the price in rupees has risen faster by 7<br \/>\npercent, they said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Everybody&#8217;s back at their desks now but nobody wants to do<br \/>\nanything. There are bids and offers but still no real appetite<br \/>\nto trade,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Buying in Europe remains minimal and stocks relatively high.<\/p>\n<p><span><\/span><\/p>\n<p>Oil prices rose above $111 a barrel on Tuesday as tension<br \/>\nbetween Iran and the U.S. stirred fear of a possible disruption<br \/>\nto oil supplies from the Middle East and Chinese and U.S. data<br \/>\nshowed improved economic activity.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* China, India remain sidelined * Rupee weakness vs. dollar slows buying LONDON Jan 3 (Reuters) &#8211; Physical prompt coal markets began 2012 subdued, with no fresh trades reported, while prices drifted $1.00 a tonne lower with European power prices and EU carbon. The price fall did little to encourage trade because there is sufficient [&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-6637","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\/6637","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=6637"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6637\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}