{"id":7432,"date":"2012-01-27T21:13:53","date_gmt":"2012-01-27T19:13:53","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/euro-coal-prices-tick-higher-with-oil-power\/"},"modified":"2012-01-27T21:13:53","modified_gmt":"2012-01-27T19:13:53","slug":"euro-coal-prices-tick-higher-with-oil-power","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-tick-higher-with-oil-power\/","title":{"rendered":"Euro Coal-Prices tick higher with oil, power"},"content":{"rendered":"

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

* April DES ARA trades at $1.50 below swaps<\/span><\/p>\n

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

* S.African supply for Feb\/Mar tightening<\/p>\n

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

LONDON<\/span> Jan 27 (Reuters) – A rise in oil, European
\npower values and tight prompt supply of South African coal
\npushed coal swaps and physical prices higher by around 50 cents
\nto $1.00 U.S. a tonne on Friday.<\/p>\n

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

But prices could start to sag again and dip towards $100 if
\nChina stays out of the spot market for another few weeks after
\nthe end of the Lunar New Year holidays, traders and utilities
\nsaid.<\/p>\n

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

Brent crude held above $111 as a move from Iran to stop
\nexports to the European Union intensified worries about security
\nof supply while European spot power prices were lifted by
\nforecasts of a cold weather snap and lower wind power supply
\n.<\/p>\n

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

“Europe is extremely quiet but we’re sold out for February
\nand March and still getting calls from buyers outside Europe who
\nare nothing to do with China,” one European trader said.<\/p>\n

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

March loading South African cargoes were bid and offered at
\naround $109.00 a tonne FOB Richards Bay on Friday, up 50 cents
\nfrom the previous day.<\/p>\n

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

A February South African cargo was offered at $107.00 –
\n$1.00 below API4 coal swaps – by an Asia-based trader which does
\ncannot deal with a wide range of counterparties.<\/p>\n

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

TRADES
\n An April delivery DES ARA cargo traded at $1.50 a tonne below
\nthe API2 index.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* April DES ARA trades at $1.50 below swaps * S.African supply for Feb\/Mar tightening LONDON Jan 27 (Reuters) – A rise in oil, European power values and tight prompt supply of South African coal pushed coal swaps and physical prices higher by around 50 cents to $1.00 U.S. a tonne on Friday. But prices […]<\/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-7432","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\/7432","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=7432"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7432\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}