{"id":7114,"date":"2012-01-17T20:49:55","date_gmt":"2012-01-17T18:49:55","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/euro-coal-s-africa-prices-rise-3t\/"},"modified":"2012-01-17T20:49:55","modified_gmt":"2012-01-17T18:49:55","slug":"euro-coal-s-africa-prices-rise-3t","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-s-africa-prices-rise-3t\/","title":{"rendered":"Euro Coal-S.Africa prices rise $3\/T"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Feb S.African prices boosted by tight supply<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Weak power, gas erodes DES ARA values<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Jan 17 (Reuters) &#8211; Prompt South African coal<br \/>\nprices rallied by around $3 a tonne on Tuesday as players<br \/>\ncovered short positions, but this strength was unlikely to last<br \/>\nunless China resumes heavy buying in February, traders and<br \/>\nutilities said.<\/p>\n<p><span><\/span><\/p>\n<p>Chinese importers have been out of the market for the past<br \/>\nfew weeks and are not expected to return until after the New<br \/>\nYear holidays, but a few have been quietly re-selling cargoes<br \/>\nsince last week.<\/p>\n<p><span><\/span><\/p>\n<p>European DES ARA prices, by contrast, were little changed<br \/>\nwith few bids or offers seen.<\/p>\n<p><span><\/span><\/p>\n<p>Coal prices have been supported to a large degree by strong<br \/>\noil prices, which have prevented what could have been a much<br \/>\nsteeper slide in coal values since December.<\/p>\n<p><span><\/span><\/p>\n<p>Oil&#8217;s resilience, due to supply concerns for the most part,<br \/>\nhas masked the effect of poor coal fundamentals. Oil edged<br \/>\nhigher on Tuesday to $111.50 a barrel, bolstered by a weaker<br \/>\ndollar.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;ARA is a little softer, but there&#8217;s a bit of a temporary<br \/>\nsqueeze on February South African cargoes,&#8221; one European trader<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>The weak economic environment in Europe, slower growth in<br \/>\nAsia and the warm European winter have combined to cut coal<br \/>\ndemand, they said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Feb S.African prices boosted by tight supply * Weak power, gas erodes DES ARA values LONDON Jan 17 (Reuters) &#8211; Prompt South African coal prices rallied by around $3 a tonne on Tuesday as players covered short positions, but this strength was unlikely to last unless China resumes heavy buying in February, traders and [&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-7114","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\/7114","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=7114"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7114\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}