{"id":6740,"date":"2012-01-06T01:18:51","date_gmt":"2012-01-05T23:18:51","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/euro-coal-rises-1-2t-as-buying-picks-up\/"},"modified":"2012-01-06T01:18:51","modified_gmt":"2012-01-05T23:18:51","slug":"euro-coal-rises-1-2t-as-buying-picks-up","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-rises-1-2t-as-buying-picks-up\/","title":{"rendered":"Euro Coal-Rises $1-2\/t as buying picks up"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Feb S.African cargo trades at $106.25<\/span><\/p>\n

<\/span><\/p>\n

* Colombian rains delay exports by 2 wks<\/p>\n

<\/span><\/p>\n

LONDON<\/span> Jan 5 (Reuters) – South African physical
\nprompt coal bids rose by around $1.00 a tonne percent on
\nThursday as buyers began to emerge after the end-year holiday
\nhiatus.<\/p>\n

<\/span><\/p>\n

Delays of two weeks to Colombian coal shipments by Drummond
\nand Prodeco, two of the the country’s biggest exporters, were a
\nminor price-supporting factor which could turn into a more
\nsignificant influence if the rains persist, traders and
\nutilities said.<\/p>\n

<\/span><\/p>\n

Drummond and Prodeco’s mines in the north of the country
\nwhere rainfall has been heaviest are neighbouring but Colombia’s
\nbiggest exporter, Cerrejon, is seeing delays of only 2-3 days on
\naverage and met its 2011 export target of 32 million tonnes.<\/p>\n

<\/span><\/p>\n

“Drummond is seeing the worst delays of around two weeks,
\nProdeco almost as bad but even though Prodeco’s coal is
\nhigh-grade and some is specialist pulverised coal for
\nsteelmaking, it is important and it does matter to the market,”
\none European utility source said.<\/p>\n

<\/span><\/p>\n

In the European DES ARA market, a few more players were
\nseeking February and March delivery cargoes but there was more
\ninterest in January loading South African cargoes.<\/p>\n

<\/span><\/p>\n

Some Indian buyers enquired about Q1 cargoes FOB Richards
\nBay, partly concerned by indications from Indonesia that an
\nexport take on low energy content coal will be imposed this
\nyear, ahead of a proposed ban on low energy coal exports in 2014
\n.<\/p>\n

<\/span><\/p>\n

But traders also bid for and bought January Richards Bay
\ncargoes, some to cover short positions, others because the very
\nprompt market looked strong, although this could fizzle out
\nquickly.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Feb S.African cargo trades at $106.25 * Colombian rains delay exports by 2 wks LONDON Jan 5 (Reuters) – South African physical prompt coal bids rose by around $1.00 a tonne percent on Thursday as buyers began to emerge after the end-year holiday hiatus. Delays of two weeks to Colombian coal shipments by Drummond […]<\/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-6740","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\/6740","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=6740"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6740\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}