{"id":7970,"date":"2012-02-15T02:04:47","date_gmt":"2012-02-15T00:04:47","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/euro-coal-prices-stable-despite-many-cargo-offers\/"},"modified":"2012-02-15T02:04:47","modified_gmt":"2012-02-15T00:04:47","slug":"euro-coal-prices-stable-despite-many-cargo-offers","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-stable-despite-many-cargo-offers\/","title":{"rendered":"Euro Coal-Prices stable despite many cargo offers"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* March S.African trades at $104.75<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* April DES Colombian bid at $90<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Feb 14 (Reuters) &#8211; Heavy selling of prompt DES<br \/>\nARA cargoes continued on Tuesday by utilities and traders but<br \/>\nthere were more buyers in evidence than at the start of the week<br \/>\nand prices were barely changed.<\/p>\n<p><span><\/span><\/p>\n<p>A rise in temperatures after a spell of freezing weather has<br \/>\ntrimmed gas and power demand and prices but had little effect on<br \/>\ncoal, principally because coal prices showed a minimal reaction<br \/>\nto the freeze.<\/p>\n<p><span><\/span><\/p>\n<p>The current oversupply as cargoes bought previously or under<br \/>\nterm contracts arrive in Europe will last only as long as China<br \/>\nremains out of the spot market, utilities, traders and producers<br \/>\nsaid. In the interim, prices will come under further pressure.<\/p>\n<p><span><\/span><\/p>\n<p>An April delivery Colombian DES ARA cargo was bid at $90.00,<br \/>\n$8.00 below the offer level, and while this seemed an<br \/>\nunrealistically low price to some players, others said they<br \/>\nexpected to see $90 or lower before the market rebalances.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;This market is looking shaky, Europe especially,&#8221; one major<br \/>\nproducer said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Europe is dead, the Baltic market is totally dead,&#8221; a<br \/>\nRussian exporter 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>* March S.African trades at $104.75 * April DES Colombian bid at $90 LONDON Feb 14 (Reuters) &#8211; Heavy selling of prompt DES ARA cargoes continued on Tuesday by utilities and traders but there were more buyers in evidence than at the start of the week and prices were barely changed. A rise in temperatures [&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-7970","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\/7970","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=7970"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7970\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}