{"id":9805,"date":"2012-04-11T04:04:30","date_gmt":"2012-04-11T02:04:30","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/euro-coal-prices-stable-china-buys-colombian-cargoes\/"},"modified":"2012-04-11T04:04:30","modified_gmt":"2012-04-11T02:04:30","slug":"euro-coal-prices-stable-china-buys-colombian-cargoes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-stable-china-buys-colombian-cargoes\/","title":{"rendered":"Euro Coal-Prices stable, China buys Colombian cargoes"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* China takes Colombian prompt cargoes<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Niche markets are now overcrowded<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">LONDON, April 10<\/span> (Reuters) &#8211; European physical coal prices<br \/>\nwere little changed on Tuesday as the market remained subdued<br \/>\nafter the Easter holiday weekend and no fresh trades were<br \/>\nreported.<\/p>\n<p><span><\/span><\/p>\n<p>The market is unlikely to rebalance and be able to absorb<br \/>\nthe current oversupply until the autumn when demand is expected<br \/>\nto increase, traders said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The market&#8217;s barely moved in the past few weeks, it&#8217;s very<br \/>\ntough to make money in these conditions and even the niche<br \/>\nmarkets like Turkey are suddenly overcrowded with new<br \/>\nsuppliers,&#8221; one trader said.<\/p>\n<p><span><\/span><\/p>\n<p>Turkey is likely to import around 20 million tonnes of coal<br \/>\nthis year and is the only growth hot spot in the Atlantic but<br \/>\nRussian suppliers who had the Turkish market to themselves are<br \/>\nfinding their prices undercut by a host of traders and utilities<br \/>\noffering other coal origins.<\/p>\n<p><span><\/span><\/p>\n<p>China and India have continued to take substantial<br \/>\nquantities of South African coal &#8211; China took 1.3 million tonnes<br \/>\nin March and India took 1.9 million and China<br \/>\nhas started to buy competitively-priced Colombian imports.<\/p>\n<p><span><\/span><\/p>\n<p>Three cargoes of prompt Colombian coal have been fixed into<br \/>\nChina during the past week, suppliers said.<\/p>\n<p><span><\/span><\/p>\n<p>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* China takes Colombian prompt cargoes * Niche markets are now overcrowded LONDON, April 10 (Reuters) &#8211; European physical coal prices were little changed on Tuesday as the market remained subdued after the Easter holiday weekend and no fresh trades were reported. The market is unlikely to rebalance and be able to absorb the current [&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-9805","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\/9805","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=9805"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9805\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}