{"id":7695,"date":"2012-02-07T01:44:23","date_gmt":"2012-02-06T23:44:23","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/euro-coal-prices-mixed-despite-gas-oil-rise\/"},"modified":"2012-02-07T01:44:23","modified_gmt":"2012-02-06T23:44:23","slug":"euro-coal-prices-mixed-despite-gas-oil-rise","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-mixed-despite-gas-oil-rise\/","title":{"rendered":"Euro Coal-Prices mixed despite gas, oil rise"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Gas hits 6-year high on tight supply, cold<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Indonesia rains cause shipment delays<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Feb 6 (Reuters) &#8211; Coal prices made modest<br \/>\ngains of around 75 cents per tonne on Monday as the arrival of<br \/>\nmore cargoes balanced against a freeze across much of Europe,<br \/>\nwhich drove up gas and oil prices.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Gas, power, oil, everything was up. Coal&#8217;s followed, but the<br \/>\nshort-term physical outlook still looks weak,&#8221; one major<br \/>\nEuropean trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Several European utilities and utility\/traders signed term<br \/>\ncontracts two years ago to import American coal, which have kept<br \/>\nstockpiles swollen through a winter that has been unusually mild<br \/>\nuntil the latest cold snap.<\/p>\n<p><span><\/span><\/p>\n<p>As more U.S. and Colombian cargoes arrive in Europe while<br \/>\nspot buying remains weak, some downward pressure is expected on<br \/>\nprices.<\/p>\n<p><span><\/span><\/p>\n<p>How far this will be offset by a resumption of large-scale<br \/>\nChinese imports, remains to be seen, suppliers said.<\/p>\n<p><span><\/span><\/p>\n<p>Chinese spot buying has yet to take off now that the Lunar<br \/>\nNew Year holidays are over, but demand elsewhere in Asia has<br \/>\nbeen reasonably strong, traders and producers said.<\/p>\n<p><span><\/span><\/p>\n<p>Floods in Australia and heavy rains during the past month in<br \/>\nIndonesia are already delaying shipments, but so far end-users<br \/>\nhave not been compelled to seek replacement tonnes.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Gas hits 6-year high on tight supply, cold * Indonesia rains cause shipment delays LONDON Feb 6 (Reuters) &#8211; Coal prices made modest gains of around 75 cents per tonne on Monday as the arrival of more cargoes balanced against a freeze across much of Europe, which drove up gas and oil prices. &#8220;Gas, [&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-7695","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\/7695","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=7695"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7695\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}