{"id":8260,"date":"2012-02-24T02:32:37","date_gmt":"2012-02-24T00:32:37","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/euro-coal-prices-stable-despite-oil-modest-gain\/"},"modified":"2012-02-24T02:32:37","modified_gmt":"2012-02-24T00:32:37","slug":"euro-coal-prices-stable-despite-oil-modest-gain","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-stable-despite-oil-modest-gain\/","title":{"rendered":"Euro Coal-Prices stable despite oil modest gain"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* More index trades, less fixed price expected<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Coal may disconnect again from oil<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON<\/span> Feb 23 (Reuters) &#8211; Prompt physical coal prices<br \/>\nwere little changed on Thursday on muted trading activity, and<br \/>\nbid-offer spreads for fixed price cargoes widened by around $1,<br \/>\ntoo far apart for trades to seem likely, utilities and traders<br \/>\nsaid.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market&#8217;s moved sideways, if anything, just looking at<br \/>\nthe wider spreads,&#8221; one trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Brent crude futures held on to gains, but U.S. crude dropped<br \/>\nslightly after a government report showed a higher-than-expected<br \/>\nrise in stocks.<\/p>\n<p><span><\/span><\/p>\n<p>Oil at over $100 a barrel is providing structural support to<br \/>\ncoal prices, traders and analysts said, although there are<br \/>\nspells when coal disconnects from oil and moves more on<br \/>\nfundamentals.<\/p>\n<p><span><\/span><\/p>\n<p>With China &#8211; far and away the biggest spot market price<br \/>\ndriver &#8211; still out of the market and unlikely to return for<br \/>\nanother several weeks, fundamentals are seen likely to erode<br \/>\ncurrent prices by a few dollars at least.<\/p>\n<p><span><\/span><\/p>\n<p>Chinese imports surged in the fourth-quarter, but lower<br \/>\ndomestic prices have left large stockpiles of imported coal at<br \/>\nports and plants, which need to be reduced before buying<br \/>\nresumes.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Trade tends to dry up towards the end of the month for<br \/>\nfixed-price business, but you&#8217;ll probably see some index deals<br \/>\nin the next week,&#8221; a European utility said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* More index trades, less fixed price expected * Coal may disconnect again from oil LONDON Feb 23 (Reuters) &#8211; Prompt physical coal prices were little changed on Thursday on muted trading activity, and bid-offer spreads for fixed price cargoes widened by around $1, too far apart for trades to seem likely, utilities and traders [&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-8260","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\/8260","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=8260"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8260\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}