{"id":9648,"date":"2012-04-05T03:50:55","date_gmt":"2012-04-05T01:50:55","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/euro-coal-prices-fall-with-oil-gas-markets\/"},"modified":"2012-04-05T03:50:55","modified_gmt":"2012-04-05T01:50:55","slug":"euro-coal-prices-fall-with-oil-gas-markets","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-fall-with-oil-gas-markets\/","title":{"rendered":"Euro Coal-Prices fall with oil, gas markets"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, April 4<\/span> (Reuters) &#8211; European physical coal prices<br \/>\nfell along with other energy markets on Wednesday, but coal&#8217;s<br \/>\nslide also reflected its oversupply and poor demand in Europe.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Benchmark Brent crude oil fell below $123 a barrel, and<br \/>\nbenchmark UK gas prices dropped to a four-week low as poor<br \/>\ndemand in Europe and healthy U.S. oil stocks sapped buying<br \/>\ninterest.<\/p>\n<p><span><\/span><\/p>\n<p>Additionally, the coal market remains oversupplied as<br \/>\nexports from key suppliers along the Atlantic basin have been<br \/>\nrising while European demand is low and stocks are healthy.<\/p>\n<p><span><\/span><\/p>\n<p>As a result, Bank of America Merrill Lynch (BoAML) on<br \/>\nWednesday lowered its 2012 thermal coal price outlook, while<br \/>\nkeeping in place its expectations for 2013 prices.<\/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 was bought for $103 a tonne,<br \/>\naccording to GLOBALcoal, down around $1 on the previous day.<\/p>\n<p><span><\/span><\/p>\n<p>A May DES ARA cargo saw a bid\/offer range of $95 to $103 a<br \/>\ntonne, and the spread on a June cargo was at $97 to $98.60, down<br \/>\naround 80 cents on the day.\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 4 (Reuters) &#8211; European physical coal prices fell along with other energy markets on Wednesday, but coal&#8217;s slide also reflected its oversupply and poor demand in Europe. Benchmark Brent crude oil fell below $123 a barrel, and benchmark UK gas prices dropped to a four-week low as poor demand in Europe and healthy [&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-9648","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\/9648","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=9648"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9648\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9648"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9648"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9648"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}