{"id":8010,"date":"2012-02-16T02:05:58","date_gmt":"2012-02-16T00:05:58","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/euro-coal-prices-creep-up-50c-with-power-gas\/"},"modified":"2012-02-16T02:05:58","modified_gmt":"2012-02-16T00:05:58","slug":"euro-coal-prices-creep-up-50c-with-power-gas","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-creep-up-50c-with-power-gas\/","title":{"rendered":"Euro Coal-Prices creep up 50c with power, gas"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Few trades reported, variety of coal offered<\/span><\/p>\n

<\/span><\/p>\n

* March S.African trades at $105.25\/T, up 50c<\/p>\n

<\/span><\/p>\n

LONDON<\/span> Feb 15 (Reuters) – Utilities and traders
\ncontinued to offer a variety of coal origins for prompt delivery
\ninto Europe, but coal prices moved up by 25-50 cents on
\nWednesday in line with rises in oil, power and gas.<\/p>\n

<\/span><\/p>\n

Russian, Colombian and U.S. coal cargoes were offered and
\nalthough the bid\/offer spreads were fairly narrow, few trades
\nwere reported.<\/p>\n

<\/span><\/p>\n

DES ARA coal prices had dropped below $100.00 a tonne
\ndespite the recent freezing weather after a slew of offers
\nearlier this week as utilities tried to shed cargoes they did
\nnot need.<\/p>\n

<\/span><\/p>\n

The recent freeze came too late to make enough of a dent in
\nstockpiles in ARA and at power plants – after the warmest winter
\nfor 30 years, utilities said.<\/p>\n

<\/span><\/p>\n

China’s withdrawal from the spot market was more of a
\ncrucial factor in driving prices lower, end-users and producers
\nsaid, but the warm winter exacerbated the oversupply, which
\nwould have otherwise been mostly absorbed by China.<\/p>\n

<\/span><\/p>\n

“Power and gas rose, oil hit a six-month high so coal
\nfollowed but only by a matter of cents, there’s still a lot of
\ncoal around,” one European trader said. [ID:nL5E8DF1T9<\/p>\n

<\/span><\/p>\n

Oil rose close to $120 a barrel as concern about supply
\nfrom Iran, other Middle East producers and Africa outweighed
\nthose about the health of the global economy.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Few trades reported, variety of coal offered * March S.African trades at $105.25\/T, up 50c LONDON Feb 15 (Reuters) – Utilities and traders continued to offer a variety of coal origins for prompt delivery into Europe, but coal prices moved up by 25-50 cents on Wednesday in line with rises in oil, power and […]<\/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-8010","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\/8010","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=8010"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8010\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}