{"id":8848,"date":"2012-03-13T03:07:26","date_gmt":"2012-03-13T01:07:26","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/euro-coal-prompt-prices-fall-again-on-weak-demand\/"},"modified":"2012-03-13T03:07:26","modified_gmt":"2012-03-13T01:07:26","slug":"euro-coal-prompt-prices-fall-again-on-weak-demand","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prompt-prices-fall-again-on-weak-demand\/","title":{"rendered":"Euro Coal-Prompt prices fall again on weak demand"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* May S.African trades at $103.25\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* May S.African bid at $102\/T<\/p>\n<p><span><\/span><\/p>\n<p>* Bids\/offers seen too far apart to trade<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, March 12 (Reuters) &#8211; Prompt physical coal<br \/>\nprices fell again on Monday by around $1.00 a tonne as buyers<br \/>\npulled back and oil slipped below $125 a barrel.<\/p>\n<p><span><\/span><\/p>\n<p>A May South African cargo traded at $103.25, unchanged from<br \/>\nFriday, but was bid on at $102.00, down over $1.00 from Friday&#8217;s<br \/>\nlevels.<\/p>\n<p><span><\/span><\/p>\n<p>Despite some continued Indian buying interest for South<br \/>\nAfrican cargoes, the Newcastle and DES ARA markets were<br \/>\nextremely thin.<\/p>\n<p><span><\/span><\/p>\n<p>Oil prices fell by over $1 on Monday, breaking four days of<br \/>\nstraight gains, as worries over Middle Eastern oil supply eased<br \/>\nand the focus of investors turned to slowing Chinese and<br \/>\nEuropean economic growth.<\/p>\n<p><span><\/span><\/p>\n<p>Coal is a much newer and illiquid market than oil, and does<br \/>\nnot always immediately react to moves in oil prices. Coal tends<br \/>\nto have a delayed reaction to oil&#8217;s moves or react to a lesser<br \/>\ndegree.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Oil&#8217;s down, the energy complex is weaker so it&#8217;s no<br \/>\nsurprise coal has come off slightly &#8211; except that when oil<br \/>\nprices were steady last week, coal didn&#8217;t react,&#8221; one European<br \/>\ntrader said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* May S.African trades at $103.25\/T * May S.African bid at $102\/T * Bids\/offers seen too far apart to trade LONDON, March 12 (Reuters) &#8211; Prompt physical coal prices fell again on Monday by around $1.00 a tonne as buyers pulled back and oil slipped below $125 a barrel. A May South African cargo traded [&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-8848","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\/8848","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=8848"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8848\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}