{"id":6950,"date":"2012-01-11T20:34:44","date_gmt":"2012-01-11T18:34:44","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/euro-coal-prices-fall-1t-with-oil-low-coal-burn\/"},"modified":"2012-01-11T20:34:44","modified_gmt":"2012-01-11T18:34:44","slug":"euro-coal-prices-fall-1t-with-oil-low-coal-burn","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-fall-1t-with-oil-low-coal-burn\/","title":{"rendered":"Euro Coal-Prices fall $1\/T with oil, low coal burn"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Coal burn stays low in N. Europe on warm weather<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Utilities sell swaps, little buying interest seen<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Jan 11 (Reuters) &#8211; Prompt European physical<br \/>\ncoal prices slipped by around $1.00 a tonne on Wednesday as<br \/>\nutilities sold coal swaps in the face of weak coal burn across<br \/>\nmost of northern Europe after the warmest winter for 30 years.<\/p>\n<p><span><\/span><\/p>\n<p>A $1.00 fall in oil prices as risk aversion returned to the<br \/>\nmarket and a rise in oil stockpiles in the U.S. also helped pull<br \/>\ncoal lower, traders and utilities said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There was a lot of utility selling earlier today,<br \/>\neverybody&#8217;s got too much coal and the burn outside of southern<br \/>\nEurope has been poor,&#8221; one European utility source said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Oil fell, swaps fell and a lot of people backed off as a<br \/>\nresult,&#8221; a European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>No fixed price trades were reported.<\/p>\n<p><span><\/span><\/p>\n<p>Earlier in the week, a prompt DES ARA trade at $109.00 was<br \/>\nseen as an aggressively low number but on Wednesday March ARA<br \/>\ncargoes were offered at $105.75.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts and suppliers expect prices to remain above $100.00<br \/>\nthis year but to come under increased downward pressure during<br \/>\nJanuary because key Chinese buyers will not be back in the<br \/>\nmarket until the end of the month.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Coal burn stays low in N. Europe on warm weather * Utilities sell swaps, little buying interest seen LONDON Jan 11 (Reuters) &#8211; Prompt European physical coal prices slipped by around $1.00 a tonne on Wednesday as utilities sold coal swaps in the face of weak coal burn across most of northern Europe after [&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-6950","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\/6950","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=6950"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/6950\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=6950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=6950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=6950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}