{"id":7828,"date":"2012-02-10T01:51:40","date_gmt":"2012-02-09T23:51:40","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/euro-coal-prices-slip-again-ice-blocks-danube-river\/"},"modified":"2012-02-10T01:51:40","modified_gmt":"2012-02-09T23:51:40","slug":"euro-coal-prices-slip-again-ice-blocks-danube-river","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-slip-again-ice-blocks-danube-river\/","title":{"rendered":"Euro Coal-Prices slip again, ice blocks Danube river"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* U.S. coal offers dry up, replaced by Russian<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Utilities unfazed by Danube river blockage<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Feb 9 (Reuters) &#8211; Freezing weather continued<br \/>\nto drive up gas and power prices but coal values fell again<br \/>\nbecause utilities have more coal than they need and stockpiles<br \/>\nare close to full, utilities and traders said.<\/p>\n<p><span><\/span><\/p>\n<p>Gas and power demand has surged across Europe due to the<br \/>\nsevere cold weather, but utilities, traders and producers are<br \/>\noffering very prompt cargoes of Russian and multi-origin coal<br \/>\nand finding few buyers.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;What&#8217;s interesting is there are quite a few offers of March<br \/>\ndelivery cargoes and you have to wonder why &#8211; were these sold<br \/>\npreviously and somebody&#8217;s backed out or was everybody assuming<br \/>\nChina would come back in early February and buy?&#8221; one major<br \/>\nutility source said.<\/p>\n<p><span><\/span><\/p>\n<p>The prompt DES ARA market on Thursday was predominantly made<br \/>\nup of Russian cargoes rather than multi-origin and it is unusual<br \/>\nfor utilities to offer Russian-only cargoes so visibly.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;You&#8217;re not going to get a premium any more for Russian coal<br \/>\nbut to see Russian-only rather than multi-origin cargoes which<br \/>\noften turn out to be Russian shows they need to get rid of it,&#8221;<br \/>\none European trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Ice has blocked the river Danube in south Germany to inland<br \/>\nwaterways barges which move coal from the main import terminals<br \/>\nto the power plants along the Danube and Rhine but this had no<br \/>\nimpact on prices, utilities 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>* U.S. coal offers dry up, replaced by Russian * Utilities unfazed by Danube river blockage LONDON Feb 9 (Reuters) &#8211; Freezing weather continued to drive up gas and power prices but coal values fell again because utilities have more coal than they need and stockpiles are close to full, utilities and traders said. 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-7828","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\/7828","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=7828"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7828\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}