{"id":9106,"date":"2012-03-20T03:20:30","date_gmt":"2012-03-20T01:20:30","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/euro-coal-coal-seeks-direction-china-looks-bearish\/"},"modified":"2012-03-20T03:20:30","modified_gmt":"2012-03-20T01:20:30","slug":"euro-coal-coal-seeks-direction-china-looks-bearish","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-coal-seeks-direction-china-looks-bearish\/","title":{"rendered":"Euro Coal-Coal seeks direction, China looks bearish"},"content":{"rendered":"

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

* Korea East West Power buys 400,000 t Aussie, U.S. coal<\/span><\/p>\n

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

* China coal prices to fall in 2012 – power exec<\/p>\n

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

LONDON, March 19<\/span> (Reuters) – Prices of prompt physical coal
\nwere largely unchanged on Monday as it struggled to find
\ndirection from its own fundamentals or from other markets,
\ntraders and utilities said.<\/p>\n

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

“It’s been illiquid, no demand for the front months but no
\nreal appetite to sell it either, and no direction from oil,
\ncurrency or power today,” one utility source said.<\/p>\n

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

Asia – particularly, China and India – are absorbing some of
\nthe high-sulphur U.S. coal being sold at heavy discounts but
\nsellers are still awaiting a resumption of Chinese buying of
\nstandard grade coal to bring more balance to the market.<\/p>\n

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

South Korea’s East West Power has bought 400,000 tonnes of
\nAustralian and U.S. coal for delivery in June-August
\n, having just awarded a tender for six capesize
\ncargoes of Colombian coal.<\/p>\n

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

But China could remain out of the spot market for another
\ncouple of months or more, if forecasts of weaker domestic prices
\nprove true.<\/p>\n

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

China’s domestic prices could fall further this year as the
\ncountry’s economic growth slows, a top Chinese power company
\nexecutive said on Monday.<\/p>\n

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

Wang Yu Jun, Chief Executive Officer of state-run China
\nResources Power Holdings Co Ltd 0836.HK] said spot prices have
\nfallen sharply and the trend will continue.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

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

* Korea East West Power buys 400,000 t Aussie, U.S. coal * China coal prices to fall in 2012 – power exec LONDON, March 19 (Reuters) – Prices of prompt physical coal were largely unchanged on Monday as it struggled to find direction from its own fundamentals or from other markets, traders and utilities said. […]<\/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-9106","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\/9106","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=9106"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9106\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}