{"id":8881,"date":"2012-03-14T03:08:16","date_gmt":"2012-03-14T01:08:16","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/euro-coal-prices-ease-along-with-gas\/"},"modified":"2012-03-14T03:08:16","modified_gmt":"2012-03-14T01:08:16","slug":"euro-coal-prices-ease-along-with-gas","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-ease-along-with-gas\/","title":{"rendered":"Euro Coal-Prices ease along with gas"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* May S. African cargo trades at $103\/T FOB<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Newcastle prompt prices dip to $104.25\/T<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, March 13<\/span> (Reuters) &#8211; Prompt physical coal<br \/>\nprices dropped slightly on Tuesday in line with weaker gas, with<br \/>\nfew fresh trades seen.<\/p>\n<p><span><\/span><\/p>\n<p>The fundamentals for coal in the Atlantic look weak, traders<br \/>\nand utilities said, but the market is being driven more by moves<br \/>\nin gas and oil prices than the lack of physical demand, which<br \/>\nhas trimmed 15 percent from coal prices since October.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Coal this week has been looking at anything but its own<br \/>\nweak fundamentals, sometimes following oil and gas or the warmer<br \/>\nweather,&#8221; one utility source said.<\/p>\n<p><span><\/span><\/p>\n<p>The flow of U.S. and Colombian coal into Europe has<br \/>\ncontinued unabated, and consumers and suppliers are busily<br \/>\nre-selling cargoes wherever they can &#8211; into the Mediterranean,<br \/>\ninto Asia.<\/p>\n<p><span><\/span><\/p>\n<p>Pacific FOB prices have fallen sharply by over $15 during<br \/>\nthe past three weeks to just over $100 a tonne FOB Newcastle.<\/p>\n<p><span><\/span><\/p>\n<p>Australian producers immersed in the annual Japanese term<br \/>\ncontract talks are likely to achieve prices close to $120,<br \/>\ndespite the recent fall in spot values, because Japan needs a<br \/>\nbaseload of standard, high-grade coal for power generation,<br \/>\nutility sources said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Japan doesn&#8217;t buy cheap, sub-specification coal,&#8221; one<br \/>\nsource 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 cargo trades at $103\/T FOB * Newcastle prompt prices dip to $104.25\/T LONDON, March 13 (Reuters) &#8211; Prompt physical coal prices dropped slightly on Tuesday in line with weaker gas, with few fresh trades seen. The fundamentals for coal in the Atlantic look weak, traders and utilities said, but the market [&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-8881","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\/8881","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=8881"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8881\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}