{"id":7593,"date":"2012-02-03T01:38:17","date_gmt":"2012-02-02T23:38:17","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/euro-coal-rises-with-gas-power-on-cold\/"},"modified":"2012-02-03T01:38:17","modified_gmt":"2012-02-02T23:38:17","slug":"euro-coal-rises-with-gas-power-on-cold","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-rises-with-gas-power-on-cold\/","title":{"rendered":"Euro Coal-Rises with gas, power on cold"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Stockpiles remain high but coal swaps firm<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Australia braces for fresh floods<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Feb 2 (Reuters) &#8211; Freezing weather across much<br \/>\nof Europe pushed up power, gas and coal prices on Wednesday,<br \/>\nalthough no fresh trades were reported.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s been one of those days when all the energy markets are<br \/>\nrising and coal has to follow,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Coal stockpiles in Amsterdam-Rotterdam-Antwerp remain fairly<br \/>\nhigh and utilities are unlikely to need more spot coal even if<br \/>\nthe freeze lasts for weeks, utility buyers said.<\/p>\n<p><span><\/span><\/p>\n<p>But coal swaps are likely to keep tracking oil, power and<br \/>\ngas and further gains will be seen in the physical market.<\/p>\n<p><span><\/span><\/p>\n<p>European prompt power prices had retreated from earlier<br \/>\nhighs by Wednesday afternoon but weather-driven demand remained<br \/>\nstrong.<\/p>\n<p><span><\/span><\/p>\n<p>European DES ARA prices for immediate delivery in February<br \/>\nhave slumped below $100.00 a tonne, a steep discount to March<br \/>\nprices &#8211; reflecting the lack of end-user demand.<\/p>\n<p><span><\/span><\/p>\n<p>But further ahead, a resumption of Chinese imports and<br \/>\npotential weather-related supply disruption could also lead to a<br \/>\nvoltile few months, traders said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Stockpiles remain high but coal swaps firm * Australia braces for fresh floods LONDON Feb 2 (Reuters) &#8211; Freezing weather across much of Europe pushed up power, gas and coal prices on Wednesday, although no fresh trades were reported. &#8220;It&#8217;s been one of those days when all the energy markets are rising and coal [&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-7593","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\/7593","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=7593"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7593\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}