{"id":7927,"date":"2012-02-14T02:03:54","date_gmt":"2012-02-14T00:03:54","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/euro-coal-offer-surge-trims-1t-from-prompt-prices\/"},"modified":"2012-02-14T02:03:54","modified_gmt":"2012-02-14T00:03:54","slug":"euro-coal-offer-surge-trims-1t-from-prompt-prices","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-offer-surge-trims-1t-from-prompt-prices\/","title":{"rendered":"Euro Coal-Offer surge trims $1\/T from prompt prices"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* All coal origins offered into ARA<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Weaker power, gas also drag coal lower<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Feb 13 (Reuters) &#8211; A surge of offers of almost<br \/>\nevery variety of coal in every cargo size for delivery into<br \/>\nEurope pushed physical prices down by around $1.00 on Monday to<br \/>\n$97.00.<\/p>\n<p><span><\/span><\/p>\n<p>Prices are set to remain below $100 with further falls<br \/>\npossible until China resumes buying and a new global price floor<br \/>\nis set by whatever price the Chinese are willing to pay, traders<br \/>\nand utilities said.<\/p>\n<p><span><\/span><\/p>\n<p>Falls in European power and gas prices also dragged coal<br \/>\nlower, as temperatures rose by 15 degrees from last week&#8217;s<br \/>\nfreezing conditions.<\/p>\n<p><span><\/span><\/p>\n<p>Coal last week bucked the trend of spikes in European energy<br \/>\nmarkets due to a Siberian weather spell, by falling steadily for<br \/>\nseveral days, largely due to the growing oversupply of physical<br \/>\ncargoes and limited space to stockpile.<\/p>\n<p><span><\/span><\/p>\n<p>Pressure on utilities to shift coal from stockpiles or shed<br \/>\nunwanted cargoes due to arrive in the next few months has<br \/>\nmounted during the past few weeks and now traders and banks with<br \/>\ncargoes soon to load are having to join the ranks of sellers.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Whatever origin you want, multi, U.S., Colombian, Russian,<br \/>\nin 25,000 tonnes to capesize cargoes, it&#8217;s being offered,&#8221; one<br \/>\ntrader said.<\/p>\n<p><span><\/span><\/p>\n<p>So far, South African prices FOB Richards Bay have been<br \/>\nsteadier, falling on Monday by around 50 cents, helped by a few<br \/>\nspot purchases by Indian buyers.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* All coal origins offered into ARA * Weaker power, gas also drag coal lower LONDON Feb 13 (Reuters) &#8211; A surge of offers of almost every variety of coal in every cargo size for delivery into Europe pushed physical prices down by around $1.00 on Monday to $97.00. Prices are set to remain below [&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-7927","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\/7927","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=7927"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7927\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}