{"id":8222,"date":"2012-02-23T02:31:27","date_gmt":"2012-02-23T00:31:27","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/euro-coal-prices-move-up-slightly-with-strong-oil\/"},"modified":"2012-02-23T02:31:27","modified_gmt":"2012-02-23T00:31:27","slug":"euro-coal-prices-move-up-slightly-with-strong-oil","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-move-up-slightly-with-strong-oil\/","title":{"rendered":"Euro Coal-Prices move up slightly with strong oil"},"content":{"rendered":"

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

* Cal 2013 S.African trades at $111.00\/T<\/span><\/p>\n

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

* No prompt fixed price trades seen<\/p>\n

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

LONDON<\/span> Feb 22 (Reuters) – Prompt physical coal prices
\nrose by around 50 cents on Wednesday in line with oil’s gains
\nbut aside from a few Calendar 2013 trades, activity was muted.<\/p>\n

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

Oil hit $123 a barrel on Wednesday, a 9-month high, as
\nIran-related tensions and supply risks overshadowed weak
\neconomic data from Europe and China.<\/p>\n

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

“There’s still far too much coal, in Europe especially and
\nthis rise in prices can’t be justified by fundamentals, which
\nare weak,” one European trader said.<\/p>\n

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

“I was cautiously optimistic at the start of the year that
\nprices would steady and start recovering in a few months but
\neverybody is offering U.S. coal into everywhere possible,”
\nanother trader said.<\/p>\n

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

China’s import statistics for January showed a fall of 8
\npercent from December’s level.<\/p>\n

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

On an annual basis, China’s coal imports rose nearly 4
\npercent and hit a record 22.14 million tonnes in November. South
\nAfrican imports alone in Q4 were also at record levels for each
\nmonth.<\/p>\n

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

But since the government imposed a price ceiling of $130 a
\ntonne on coal prices, domestic prices dropped sharply and fresh
\nimport buying started to tail off.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Cal 2013 S.African trades at $111.00\/T * No prompt fixed price trades seen LONDON Feb 22 (Reuters) – Prompt physical coal prices rose by around 50 cents on Wednesday in line with oil’s gains but aside from a few Calendar 2013 trades, activity was muted. Oil hit $123 a barrel on Wednesday, a 9-month […]<\/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-8222","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\/8222","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=8222"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8222\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}