{"id":9874,"date":"2012-04-13T04:09:03","date_gmt":"2012-04-13T02:09:03","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/euro-coal-prices-creep-up-more-u-s-coal-offered\/"},"modified":"2012-04-13T04:09:03","modified_gmt":"2012-04-13T02:09:03","slug":"euro-coal-prices-creep-up-more-u-s-coal-offered","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-creep-up-more-u-s-coal-offered\/","title":{"rendered":"Euro Coal-Prices creep up, more U.S. coal offered"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* June DES ARA trades at $97.00\/T<\/span><\/p>\n

<\/span><\/p>\n

* China is back as a spot buyer of long-haul coal<\/p>\n

<\/span><\/p>\n

LONDON, April 12<\/span> (Reuters) – European physical coal prices
\nrose by around 25 U.S. cents to $1.00 a tonne on Thursday in
\nline with oil’s gains on a weaker dollar but slightly higher
\nprices drew out more offers of prompt U.S. cargoes, traders and
\nutilities said.<\/p>\n

<\/span><\/p>\n

High coal inventories in Amsterdam-Rotterdam-Antwerp and at
\npower plants plus the continual flow of previously-bought coal
\ninto Europe mean the market is oversupplied although most
\nutilities – outside Scandinavia – have a fairly healthy coal
\nburn at present.<\/p>\n

<\/span><\/p>\n

“Bids and offers were 40-60 cents apart but nobody was
\nprepared to move so little traded but prices have moved slightly
\nhigher and there are more U.S. offers,” one trader said.<\/p>\n

<\/span><\/p>\n

Coal prices for DES ARA cargoes have nudged close to $100 a
\ntonne but both the short and medium-term outlook are uncertain,
\nutilities and traders said.<\/p>\n

<\/span><\/p>\n

China is back in the spot market actively seeking prompt
\ncargoes of Colombian, South African, U.S., Russian, Australian
\nand Indonesian coal and weighing up the cheapest offers,
\nsuppliers said.<\/p>\n

<\/span><\/p>\n

“We’ve had two buyers come back to us this week with serious
\nenquiries so the Chinese are now definitely back but it remains
\nto be seen how much they buy, it could be slow to take off,” one
\nproducer said.<\/p>\n

<\/span><\/p>\n

Chinese importers are bidding at around $114-$115 a tonne
\ndelivered, which can work for long-haul coal cargoes if sellers
\nare willing to accept a slim margin.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* June DES ARA trades at $97.00\/T * China is back as a spot buyer of long-haul coal LONDON, April 12 (Reuters) – European physical coal prices rose by around 25 U.S. cents to $1.00 a tonne on Thursday in line with oil’s gains on a weaker dollar but slightly higher prices drew out more […]<\/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-9874","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\/9874","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=9874"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9874\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9874"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9874"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9874"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}