{"id":8600,"date":"2012-03-06T02:55:45","date_gmt":"2012-03-06T00:55:45","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/euro-coal-apr-s-african-trades-twice-at-103-80t\/"},"modified":"2012-03-06T02:55:45","modified_gmt":"2012-03-06T00:55:45","slug":"euro-coal-apr-s-african-trades-twice-at-103-80t","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-apr-s-african-trades-twice-at-103-80t\/","title":{"rendered":"Euro Coal-Apr S.African trades twice at $103.80\/T"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Coal prices to recover in H2 &#8211; Reuters poll<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* High inventories depress prices<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, March 5<\/span> (Reuters) &#8211; Prompt physical coal<br \/>\nprices were steady on Monday despite a rise in oil prices.<\/p>\n<p><span><\/span><\/p>\n<p>Spot coal demand in Europe has been tepid for the past<br \/>\nseveral months and is unlikely to start reviving, even slowly,<br \/>\nuntil the second half of the year, analysts said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Short-term the potential for coal prices to recover is<br \/>\nlimited, there are high inventories everywhere,&#8221; said Emmanuel<br \/>\nFages, Paris-based analyst with Societe Generale.<\/p>\n<p><span><\/span><\/p>\n<p>The market&#8217;s direction also depends heavily on China&#8217;s spot<br \/>\nbuying, which is a key market indicator, he said.<\/p>\n<p><span><\/span><\/p>\n<p>So far this year, China has bought very few fresh cargoes<br \/>\nbut has continued to ship those bought last year.<\/p>\n<p><span><\/span><\/p>\n<p>Oil prices will continue to give some structural support to<br \/>\ncoal, traders and analysts said, but on a day to day basis the<br \/>\nilliquid coal market does not always move with oil.<\/p>\n<p><span><\/span><\/p>\n<p>On Monday oil rose in tug-of-war trading, as supply risks<br \/>\nand tensions over Iran supported prices but China&#8217;s lowering of<br \/>\nit economic growth target and weak U.S. factory orders were<br \/>\nbearish factors.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Coal prices to recover in H2 &#8211; Reuters poll * High inventories depress prices LONDON, March 5 (Reuters) &#8211; Prompt physical coal prices were steady on Monday despite a rise in oil prices. Spot coal demand in Europe has been tepid for the past several months and is unlikely to start reviving, even slowly, [&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-8600","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\/8600","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=8600"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8600\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}