{"id":7152,"date":"2012-01-18T20:53:52","date_gmt":"2012-01-18T18:53:52","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/euro-coal-prices-make-modest-gains\/"},"modified":"2012-01-18T20:53:52","modified_gmt":"2012-01-18T18:53:52","slug":"euro-coal-prices-make-modest-gains","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-make-modest-gains\/","title":{"rendered":"Euro Coal-Prices make modest gains"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Market seeks stronger China buying push<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Physical market support seen for now<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Jan 18 (Reuters) &#8211; Prompt physical coal prices<br \/>\nrose by up to 75 cents a tonne on Wednesday, helped by light<br \/>\nbuying interest, with South African cargoes seen supported for<br \/>\nnow.<\/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>&#8220;We&#8217;ve seen some interest on both the physical and paper<br \/>\nside, which has kept things firm and it&#8217;s up between 50 and 75<br \/>\ncents today,&#8221; one trader said, referring to swaps trading.<\/p>\n<p><span><\/span><\/p>\n<p>Coal prices have been supported to a large degree by firmer<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, mostly due to supply concerns, has masked<br \/>\nthe effect of poor coal fundamentals. Oil retreated on Wednesday<br \/>\nas optimism, spurred by talk the IMF may do more to help resolve<br \/>\nthe European debt crisis, proved shortlived, with a gloomy<br \/>\ndemand outlook pressuring prices.<\/p>\n<p><span><\/span><\/p>\n<p>TRADES<\/p>\n<p><span><\/span><\/p>\n<p>A March DES ARA cargo traded at $103.85 and was quoted on<br \/>\nTuesday at $102.50.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Market seeks stronger China buying push * Physical market support seen for now LONDON Jan 18 (Reuters) &#8211; Prompt physical coal prices rose by up to 75 cents a tonne on Wednesday, helped by light buying interest, with South African cargoes seen supported for now. Chinese importers have been out of the market for [&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-7152","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\/7152","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=7152"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7152\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}