{"id":9493,"date":"2012-03-31T03:40:34","date_gmt":"2012-03-31T01:40:34","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/euro-coal-prices-rise-asian-buying-calms-market\/"},"modified":"2012-03-31T03:40:34","modified_gmt":"2012-03-31T01:40:34","slug":"euro-coal-prices-rise-asian-buying-calms-market","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-rise-asian-buying-calms-market\/","title":{"rendered":"Euro Coal-Prices rise, Asian buying calms market"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, March 30<\/span> (Reuters) &#8211; Prompt physical coal prices<br \/>\nrose by nearly $2 a tonne on Friday following Xstrata&#8217;s first<br \/>\nquarterly term settlement at $115 FOB Newcastle to Japanese<br \/>\nutilities and absorption of surplus coal by South Korea.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The panic&#8217;s over for now. Nobody&#8217;s dumping coal like they<br \/>\nwere recently,&#8221; one European utility said.<\/p>\n<p><span><\/span><\/p>\n<p>Xstrata&#8217;s settlement with Japan gave a boost to Newcastle<br \/>\nprices, which hauled the rest of the market up with them,<br \/>\ntraders said.<\/p>\n<p><span><\/span><\/p>\n<p>Xstrata had sought $120-$125 a tonne FOB before spot prices<br \/>\nslipped earlier in March to just over $100, so $115 was seen as<br \/>\nmoderately bullish for prices, utilities and traders said<br \/>\n.<\/p>\n<p><span><\/span><\/p>\n<p>South Korea, the most active spot buyer in Asia at present,<br \/>\nhas meanwhile been taking in Colombian coal, which is not needed<br \/>\nin oversupplied Europe and has taken some pressure off DES ARA<br \/>\nprices, suppliers said.<\/p>\n<p><span><\/span><\/p>\n<p>Otherwise, both the Atlantic and Pacific markets were quiet.<\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>TRADES<\/p>\n<p><span><\/span><\/p>\n<p>Two May-loading South African cargoes traded at $104.00 a<br \/>\ntonne, and a third traded at $104.25.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON, March 30 (Reuters) &#8211; Prompt physical coal prices rose by nearly $2 a tonne on Friday following Xstrata&#8217;s first quarterly term settlement at $115 FOB Newcastle to Japanese utilities and absorption of surplus coal by South Korea. &#8220;The panic&#8217;s over for now. Nobody&#8217;s dumping coal like they were recently,&#8221; one European utility said. Xstrata&#8217;s [&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-9493","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\/9493","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=9493"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9493\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}