{"id":6881,"date":"2012-01-10T08:32:01","date_gmt":"2012-01-10T06:32:01","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/euro-coal-prices-dip-with-oil-utility-selling\/"},"modified":"2012-01-10T08:32:01","modified_gmt":"2012-01-10T06:32:01","slug":"euro-coal-prices-dip-with-oil-utility-selling","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-with-oil-utility-selling\/","title":{"rendered":"Euro Coal-Prices dip with oil, utility selling"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* March DES ARA trades at $109\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Less Indian interest seen<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Jan 9 (Reuters) &#8211; Prompt European physical<br \/>\ncoal prices fell by $1 to $2 per tonne on Monday, in line with<br \/>\nweaker oil, as some smaller European utilities started to sell<br \/>\ncargoes they would not need due to the mild winter.<\/p>\n<p><span><\/span><\/p>\n<p>Last week the market appeared to have steadied and tight<br \/>\nnear-term supply of South African coal boosted prices, which had<br \/>\nslipped during the Christmas and New Year holidays.<\/p>\n<p><span><\/span><\/p>\n<p>February South African prices saw a lesser fall of around 50<br \/>\ncents because supply for the first quarter remains tight, but<br \/>\nthere was less visible interest from India for prompt cargoes<br \/>\nout of Richards Bay.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market&#8217;s looking a bit more bearish because in Europe<br \/>\nthere&#8217;s been lower coal burn than expected, the winter&#8217;s been<br \/>\nmild, it&#8217;s wet and windy but not cold, China won&#8217;t be back until<br \/>\nthe end of January and the shorts seem to have covered,&#8221; one<br \/>\nutility source said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Prices were slightly higher in the morning but have<br \/>\nfollowed oil down,&#8221; a European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Coal prices are very clearly linked to oil now,&#8221; said<br \/>\nEmmanuel Fages, analyst with Societe Generale.<\/p>\n<p><span><\/span><\/p>\n<p>Prices may not slip much further, but unless there is a<br \/>\nsignificant supply disruption such as floods in Australia,<br \/>\nfundamentals look weaker than they did a year ago, traders,<br \/>\nutilities and analysts said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* March DES ARA trades at $109\/T * Less Indian interest seen LONDON Jan 9 (Reuters) &#8211; Prompt European physical coal prices fell by $1 to $2 per tonne on Monday, in line with weaker oil, as some smaller European utilities started to sell cargoes they would not need due to the mild winter. Last [&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-6881","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\/6881","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=6881"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6881\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}