{"id":7372,"date":"2012-01-25T21:10:28","date_gmt":"2012-01-25T19:10:28","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/euro-coal-more-bids-seen-for-prompt-s-african\/"},"modified":"2012-01-25T21:10:28","modified_gmt":"2012-01-25T19:10:28","slug":"euro-coal-more-bids-seen-for-prompt-s-african","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-more-bids-seen-for-prompt-s-african\/","title":{"rendered":"Euro Coal-More bids seen for prompt S.African"},"content":{"rendered":"

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

* April S.African cargo trades at $104\/T<\/span><\/p>\n

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

* Prices seen drifting lower in near-term<\/p>\n

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

LONDON<\/span> Jan 25 (Reuters) – Fresh bids were seen for
\nprompt South African cargoes, which helped steady prices despite
\ntepid demand in Asia and Europe.<\/p>\n

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

FOB Richards Bay prices have hovered just above $100 a tonne
\nthis month but unless China comes back from its New Year
\nholidays and swoops to buy large tonnages, there seem to be few
\nfactors to prevent prices dipping apart from oil’s strength.<\/p>\n

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

“Prompt Richards Bay and API4 swaps have been bid up
\nstrongly while the market’s thin but it’s doubtful this can
\nlast,” one European trader said.<\/p>\n

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

Indian buyers are still largely sidelined and a few have
\nbeen selling cargoes back, traders said.<\/p>\n

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

In Europe, utilities were more notable as sellers than
\nbuyers because many have been left with more coal than they
\nexpected as a result of the warm winter.<\/p>\n

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

Oil’s strength is expected to limit coal’s potential to fall
\ndue to weak fundamentals but with key buyers out of the market,
\nsome further price falls were highly likely in the very
\nnear-term, traders said.<\/p>\n

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

TRADES
\n An April South African cargo traded at $104.00 a tonne. \t<\/p>\n

PRICES
\n A February South African cargo was offered at $104.<\/p>\n

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

A March South African cargo was bid at $104, as were an
\nApril and May cargo.<\/p>\n

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

A March DES ARA cargo was bid at $107.75.\t<\/p>\n

(Reporting by Jacqueline Cowhig; editing by Keiron Henderson)<\/p>\n

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

\n

\t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"

* April S.African cargo trades at $104\/T * Prices seen drifting lower in near-term LONDON Jan 25 (Reuters) – Fresh bids were seen for prompt South African cargoes, which helped steady prices despite tepid demand in Asia and Europe. FOB Richards Bay prices have hovered just above $100 a tonne this month but unless China […]<\/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-7372","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\/7372","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=7372"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7372\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}