{"id":9912,"date":"2012-04-14T04:12:10","date_gmt":"2012-04-14T02:12:10","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/euro-coal-ara-prices-dip-50c-in-thin-trade\/"},"modified":"2012-04-14T04:12:10","modified_gmt":"2012-04-14T02:12:10","slug":"euro-coal-ara-prices-dip-50c-in-thin-trade","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-ara-prices-dip-50c-in-thin-trade\/","title":{"rendered":"Euro Coal-ARA prices dip 50c in thin trade"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* May S. African cargo trades at $102.30<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Coal may have seen worst of price fall-analyst<\/p>\n<p><span><\/span><\/p>\n<p>* Newcastle prompt prices pick up<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, April 13 (Reuters) &#8211; European physical coal prices<br \/>\nwere slightly weaker on Friday in line with a drop in oil<br \/>\nprices, but Newcastle values strengthened.<\/p>\n<p><span><\/span><\/p>\n<p>Inventories remained high at import terminals in ARA and at<br \/>\npower plants, with limited buying interest seen from traders and<br \/>\nbanks.<\/p>\n<p><span><\/span><\/p>\n<p>Coal has remained largely range-bound for weeks, often<br \/>\nmoving by as little as 25 cents a day while tracking oil, but<br \/>\nmay have be starting to recover, analysts said.<\/p>\n<p><span><\/span><\/p>\n<p>In its latest commodities report, Credit Suisse said it<br \/>\nwould be hard for thermal coal prices to fall much further.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Particularly for API2, which has now traded a $3 range for<br \/>\nnine weeks -in fact, we think prices have turned the corner with<br \/>\ntheir recent uptick and will move higher, albeit at a gradual<br \/>\npace,&#8221; Credit Suisse said.<\/p>\n<p><span><\/span><\/p>\n<p>Whether prices will start a gradual recovery now or later in<br \/>\nthe summer depends entirely on how much China buys, traders and<br \/>\nproducers said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* May S. African cargo trades at $102.30 * Coal may have seen worst of price fall-analyst * Newcastle prompt prices pick up LONDON, April 13 (Reuters) &#8211; European physical coal prices were slightly weaker on Friday in line with a drop in oil prices, but Newcastle values strengthened. Inventories remained high at import terminals [&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-9912","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\/9912","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=9912"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9912\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}