{"id":9350,"date":"2012-03-27T03:32:36","date_gmt":"2012-03-27T01:32:36","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/euro-coal-prices-move-sideways-under-downward-pressure\/"},"modified":"2012-03-27T03:32:36","modified_gmt":"2012-03-27T01:32:36","slug":"euro-coal-prices-move-sideways-under-downward-pressure","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-move-sideways-under-downward-pressure\/","title":{"rendered":"Euro Coal-Prices move sideways, under downward pressure"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, March 26<\/span> (Reuters) &#8211; Prices for prompt physical coal<br \/>\ndeliveries remained little changed on Monday, but were expected<br \/>\nto come under downward pressure from ample supply and reduced<br \/>\nEuropean demand at the end of the winter heating season.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The increasing pressure from growing inventory levels<br \/>\nsuggests that at some point, (South African) Richards Bay<br \/>\nbenchmarks will have to start shedding some value &#8230; (and) with<br \/>\nthe effects from the (Australian) flood easing now, Newcastle<br \/>\nFOB is likely to price itself lower and this could further put<br \/>\npressure on those Richards Bay prices,&#8221; Barclays Capital said in<br \/>\na research note.<\/p>\n<p><span><\/span><\/p>\n<p>In swaps trading, the API2 2013 futures contract continued<br \/>\nits recent downward trend, trading around $113.20 a tonne on<br \/>\nMonday.<\/p>\n<p><span><\/span><\/p>\n<p>The contract has been falling since late August 2011, when<br \/>\nit was trading above $133.<\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>PRICES<\/p>\n<p><span><\/span><\/p>\n<p>A May DES ARA cargo traded at $96.76 per tonne, according to<br \/>\nGLOBALcoal data, and a June contract saw a bid-offer range of<br \/>\n$96.75-$98.<\/p>\n<p><span><\/span><\/p>\n<p>A May South African cargo saw a bid-offer range of<br \/>\n$102.60-$103.75 a tonne.\t<\/p>\n<p> (Reporting by Henning Gloystein; editing by James Jukwey)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, March 26 (Reuters) &#8211; Prices for prompt physical coal deliveries remained little changed on Monday, but were expected to come under downward pressure from ample supply and reduced European demand at the end of the winter heating season. &#8220;The increasing pressure from growing inventory levels suggests that at some point, (South African) Richards Bay [&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-9350","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\/9350","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=9350"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9350\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9350"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9350"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9350"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}