{"id":7626,"date":"2012-02-04T01:40:06","date_gmt":"2012-02-03T23:40:06","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/euro-coal-prices-tick-up-boosted-by-cold-strong-gas\/"},"modified":"2012-02-04T01:40:06","modified_gmt":"2012-02-03T23:40:06","slug":"euro-coal-prices-tick-up-boosted-by-cold-strong-gas","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-tick-up-boosted-by-cold-strong-gas\/","title":{"rendered":"Euro Coal-Prices tick up, boosted by cold, strong gas"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Gas soars, coal trails<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* March DES ARA trades at $101.50\/T<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Feb 3 (Reuters) &#8211; Freezing weather across much<br \/>\nof Europe pushed prompt gas prices to the highest level for over<br \/>\nthree years as demand soared and Russia reduced gas shipments to<br \/>\nEurope but coal prices tracked gas&#8217;s move up on a much smaller<br \/>\nscale.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Gas has rocketed up for the prompt months on the cold<br \/>\nweather snap, tighter supply but coal hardly moved in response,<br \/>\nlittle more than 30 cents,&#8221; one European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Utilities were active in the swaps and futures markets<br \/>\nacross the energy spectrum on Friday to adjust their positions<br \/>\nin line with the moves in gas, power and stable coal prices but<br \/>\nthere has been no noticeable rise in end-user buying.<\/p>\n<p><span><\/span><\/p>\n<p>Stockpiles in Europe at the main import terminals and at<br \/>\npower plants remain fairly high and will take a few weeks of<br \/>\nsevere weather to be reduced enough to trigger fresh buying,<br \/>\nutility sources said.<\/p>\n<p><span><\/span><\/p>\n<p>The current contango in coal prices &#8220;has been caused by warm<br \/>\nweather and ample near-term supply (including inventories),<br \/>\ndepressing the front end &#8211; as against continued longer term<br \/>\nhedging of dark spreads by utilities &#8211; supporting the back end,&#8221;<br \/>\nCredit Suisse said in a research note on Friday.<\/p>\n<p><span><\/span><\/p>\n<p>In 2012, the forward curve is expected to flatten somewhat<br \/>\nbut a front-end price collapse is unlikely, Credit Suisse said.<\/p>\n<p><span><\/span><\/p>\n<p>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Gas soars, coal trails * March DES ARA trades at $101.50\/T LONDON Feb 3 (Reuters) &#8211; Freezing weather across much of Europe pushed prompt gas prices to the highest level for over three years as demand soared and Russia reduced gas shipments to Europe but coal prices tracked gas&#8217;s move up on a much [&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-7626","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\/7626","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=7626"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7626\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}