{"id":7509,"date":"2012-01-30T21:20:34","date_gmt":"2012-01-30T19:20:34","guid":{"rendered":"http:\/\/www.myza.co.za\/01\/euro-coal-cold-weather-boosts-coal-power-gas\/"},"modified":"2012-01-30T21:20:34","modified_gmt":"2012-01-30T19:20:34","slug":"euro-coal-cold-weather-boosts-coal-power-gas","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-cold-weather-boosts-coal-power-gas\/","title":{"rendered":"Euro Coal-Cold weather boosts coal, power, gas"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* March DES ARA trades at $105\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Technicals point to end of downtrend<\/p>\n<p><span><\/span><\/p>\n<p>* Japan utilities buy spot Newcastle parcels<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Jan 30 (Reuters) &#8211; Freezing weather across<br \/>\nmuch of Europe boosted gas, coal and power futures prices on<br \/>\nMonday while technical indicators suggest that the downtrend of<br \/>\nthe past few months may be over, utilities and traders said.<\/p>\n<p><span><\/span><\/p>\n<p>Physical coal prices, which tend to mirror moves in swaps on<br \/>\na smaller scale, moved up by 20-50 cents a tonne, a rise of less<br \/>\nthan 0.5 percent.<\/p>\n<p><span><\/span><\/p>\n<p>This winter has been the warmest for 30 years and has left<br \/>\ngenerators with higher stockpiles at import terminals and power<br \/>\nplants than they had anticipated but if the latest cold snap<br \/>\nlasts for a month, these stockpiles could reduce significantly,<br \/>\nthey said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s all anticipation of what this cold weather could do to<br \/>\ndemand and prices across the markets, it&#8217;s self-reinforcing,&#8221;<br \/>\nsaid Emmanuel Fages, analyst with Societe Generale in Paris.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The cold snap, the euro&#8217;s stronger, it all helps,&#8221; he<br \/>\nadded.<\/p>\n<p><span><\/span><\/p>\n<p>Rises in European power, gas and coal futures since late<br \/>\nlast week have pushed all three through important technical<br \/>\nresistance markers, with the steepest rise seen in gas.<\/p>\n<p>^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* March DES ARA trades at $105\/T * Technicals point to end of downtrend * Japan utilities buy spot Newcastle parcels LONDON, Jan 30 (Reuters) &#8211; Freezing weather across much of Europe boosted gas, coal and power futures prices on Monday while technical indicators suggest that the downtrend of the past few months may be [&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-7509","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\/7509","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=7509"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7509\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}