{"id":8920,"date":"2012-03-15T03:10:28","date_gmt":"2012-03-15T01:10:28","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/euro-coal-ara-prices-slide-again-on-oversupply\/"},"modified":"2012-03-15T03:10:28","modified_gmt":"2012-03-15T01:10:28","slug":"euro-coal-ara-prices-slide-again-on-oversupply","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-ara-prices-slide-again-on-oversupply\/","title":{"rendered":"Euro Coal-ARA prices slide again on oversupply"},"content":{"rendered":"

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

* April DES ARA trades at $94\/T<\/span><\/p>\n

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

* April S.African trades at $103.45\/T<\/p>\n

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

LONDON, March 14<\/span> (Reuters) – Oversupply pushed
\nEuropean coal prices down by over $1.00 on Wednesday, with
\nfurther price falls likely, traders and analysts said.<\/p>\n

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

An April DES ARA multi-origin cargo traded at $94.00 a tonne
\non Wednesday, $4.50 below the API2 index and down nearly $2.00
\nfrom Tuesday’s offer level.<\/p>\n

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

“That April trade wasn’t for U.S. coal which trades at a
\ndiscount, it was delivery into Rotterdam so totally standard and
\nI can’t remember I saw a trade at such a big discount, that is
\nextremely bearish,” one trader said.<\/p>\n

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

Prices are forecast to at best remain range-bound in the
\nfirst half of the year or drift lower as supply increases, VTB
\nCapital said in a research note.<\/p>\n

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

With projected growth of over 20 million tonnes supply from
\nAustralia and over 26 million from Indonesia, prices could fall
\nin both the Atlantic and Pacific markets, VTB said.<\/p>\n

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

But in the second half, VTB expects a global coal deficit of
\n7 million tonnes due to higher imports by China, India and
\nJapan.<\/p>\n

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

A deficit of 7 million tonnes is almost negligible within
\nthe annual seaborne thermal coal trade of 750 million tonnes,
\nbut a shift back to a more balanced market should be positive
\nfor prices.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* April DES ARA trades at $94\/T * April S.African trades at $103.45\/T LONDON, March 14 (Reuters) – Oversupply pushed European coal prices down by over $1.00 on Wednesday, with further price falls likely, traders and analysts said. An April DES ARA multi-origin cargo traded at $94.00 a tonne on Wednesday, $4.50 below the API2 […]<\/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-8920","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\/8920","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=8920"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8920\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}