{"id":8627,"date":"2012-03-07T02:56:54","date_gmt":"2012-03-07T00:56:54","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/euro-coal-dips-20-cents-more-stockpiling-seen\/"},"modified":"2012-03-07T02:56:54","modified_gmt":"2012-03-07T00:56:54","slug":"euro-coal-dips-20-cents-more-stockpiling-seen","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-dips-20-cents-more-stockpiling-seen\/","title":{"rendered":"Euro Coal-Dips 20 cents, more stockpiling seen"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Banks, traders, some utilities stockpile<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Russian Apr ARA trades at $95\/T<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, March 6<\/span> (Reuters) &#8211; Prompt physical coal<br \/>\nprices held fairly steady on Tuesday, dropping by only 20 cents<br \/>\na tonne on Tuesday despite continued tepid buying interest in<br \/>\nEurope and a steep fall earlier in the day in oil prices.<\/p>\n<p><span><\/span><\/p>\n<p>A prompt Russian cargo traded at $95.00 a tonne DES ARA on<br \/>\nTuesday, a price which was seen as aggressively low by some<br \/>\nplayers and indicative of further weakeness to come. Russian<br \/>\nhigh-quality coal can trade at a premium to generic South<br \/>\nAfrican or Colombian material.<\/p>\n<p><span><\/span><\/p>\n<p>South African FOB prices also dipped slightly by around 20<br \/>\ncents, but renewed Indian buying interest could give these<br \/>\nprices some support, suppliers said.<\/p>\n<p><span><\/span><\/p>\n<p>A few of the bigger utilities still burdened by huge<br \/>\nstockpiles after the recent warm winter have continued to shed<br \/>\nunwanted cargoes but are now finding buyers among firms willing<br \/>\nto store and carry the coal until Q4 to benefit from the $12<br \/>\ncontango, utilities and traders said.<\/p>\n<p><span><\/span><\/p>\n<p>For the most part, stockpiling is an accidental consequence<br \/>\nof the hangover of coal from last year and the contango is a<br \/>\nmitigating factor, utilities said.<\/p>\n<p><span><\/span><\/p>\n<p>But banks as well as traders and generators have been buyers<br \/>\nthis week for that purpose.<\/p>\n<p><span><\/span><\/p>\n<p>With spot ARA coal trading at $95.00 a tonne, down from over<br \/>\n$120 in October and likely to fall further in the short-term,<br \/>\nmore stockpiling is likely &#8211; although the scarcity of stocking<br \/>\nspace at terminals will limit this, they said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Banks, traders, some utilities stockpile * Russian Apr ARA trades at $95\/T LONDON, March 6 (Reuters) &#8211; Prompt physical coal prices held fairly steady on Tuesday, dropping by only 20 cents a tonne on Tuesday despite continued tepid buying interest in Europe and a steep fall earlier in the day in oil prices. A [&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-8627","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\/8627","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=8627"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8627\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}