{"id":9573,"date":"2012-04-03T03:47:13","date_gmt":"2012-04-03T01:47:13","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/euro-coal-prices-remain-firm-with-oil-gas-markets\/"},"modified":"2012-04-03T03:47:13","modified_gmt":"2012-04-03T01:47:13","slug":"euro-coal-prices-remain-firm-with-oil-gas-markets","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-remain-firm-with-oil-gas-markets\/","title":{"rendered":"Euro Coal-Prices remain firm with oil, gas markets"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, April 2<\/span> (Reuters) &#8211; Coal prices for physical prompt<br \/>\ndelivery saw little movement on Monday morning but bid\/offer<br \/>\nranges remained at firm levels amid tense oil and gas markets.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Brent crude oil prices rose from an opening of under $123 a<br \/>\nbarrel on Monday morning to over $124 in the afternoon as the<br \/>\nU.S. published supportive manufacturing data and as a North Sea<br \/>\noil and gas platform outage continued to delay loading.<\/p>\n<p><span><\/span><\/p>\n<p>Traders said the bearish carbon market also supported coal<br \/>\nprices as lower emissions costs would benefit coal over<br \/>\ngas-fired power generation in Europe.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The further CO2 prices drop, the more attractive coal-fired<br \/>\npower generation becomes than gas production and utilities will<br \/>\nburn as much coal to generate electricity as they can,&#8221; one coal<br \/>\ntrader said.<\/p>\n<p><span><\/span><\/p>\n<p>Carbon prices plunged to record lows on Monday after data<br \/>\nshowing emissions in the European Union&#8217;s main scheme to fight<br \/>\ngreenhouse gases dropped below expectations last year.<\/p>\n<p><span><\/span><\/p>\n<p>German 2013 power generation margins from coal-fired<br \/>\ngeneration are currently around 17 euros a megawatt-hour more<br \/>\nprofitable than electricity produced from gas, which marks the<br \/>\nhighest coal-over-gas spread since Q2 2008, according to Reuters<br \/>\ndata.<\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>PRICES<\/p>\n<p><span><\/span><\/p>\n<p>A May South African cargo saw a bid\/offer spread of<br \/>\n$104\/105.25 per tonne, according to GLOBALcoal data.<\/p>\n<p><span><\/span><\/p>\n<p>A May DES ARA cargo was offered at $101 a tonne, and a June<br \/>\ncargo was offered at $101.5.\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, April 2 (Reuters) &#8211; Coal prices for physical prompt delivery saw little movement on Monday morning but bid\/offer ranges remained at firm levels amid tense oil and gas markets. Brent crude oil prices rose from an opening of under $123 a barrel on Monday morning to over $124 in the afternoon as the U.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-9573","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\/9573","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=9573"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9573\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}