{"id":8491,"date":"2012-03-02T02:48:08","date_gmt":"2012-03-02T00:48:08","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/euro-coal-prices-drop-1t-for-3rd-day-on-poor-demand\/"},"modified":"2012-03-02T02:48:08","modified_gmt":"2012-03-02T00:48:08","slug":"euro-coal-prices-drop-1t-for-3rd-day-on-poor-demand","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-drop-1t-for-3rd-day-on-poor-demand\/","title":{"rendered":"Euro Coal-Prices drop $1\/T for 3rd day on poor demand"},"content":{"rendered":"

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

* April DES ARA trades at $95.00\/T<\/span><\/p>\n

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

* Richards Bay stocks dip to 2.8 million tonnes<\/p>\n

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

LONDON, March 1<\/span> (Reuters) – Prompt physical coal
\nprices fell by $1.00 for the third consecutive day on oversupply
\nand a lack of buying interest in Europe.<\/p>\n

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

European DES ARA prices have come under more pressure than
\nthe FOB Richards Bay market because of flow of U.S. coal into
\nEurope, the impact of the warmest European winter for 30 years,
\nweak gas prices and key Asian buyers such as China largely
\nstaying out of the spot market.<\/p>\n

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

“DES is down by another dollar, there is some utility buying
\nbecause these prices are attractive but it’s fairly limited,”
\none utility source said.<\/p>\n

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

The South African market has been steadier with the front
\nmonth of the 90 day prompt window retaining a premium because
\nsupply is fairly tight, suppliers said.<\/p>\n

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

Stocks at Richards Bay Coal Terminal had dropped below 3
\nmillion tonnes on Wednesday and producers say they have little
\nunsold material for April.<\/p>\n

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

There has been Indian buying, mostly bilaterally and all
\nspot, since the start of the year but this week there has been a
\nrise in the number of enquiries from Indian traders and
\nend-users, drawn by Richards Bay prices just above $100 a tonne.<\/p>\n

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

Certain end-users in India, particularly in the cement
\nsector, still prefer South African coal and have been buying
\nalthough cement makers are also trying cargoes of cheaper U.S.
\ncoal.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* April DES ARA trades at $95.00\/T * Richards Bay stocks dip to 2.8 million tonnes LONDON, March 1 (Reuters) – Prompt physical coal prices fell by $1.00 for the third consecutive day on oversupply and a lack of buying interest in Europe. European DES ARA prices have come under more pressure than the FOB […]<\/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-8491","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\/8491","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=8491"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8491\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}