{"id":9985,"date":"2012-04-17T04:19:27","date_gmt":"2012-04-17T02:19:27","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/euro-coal-prices-dip-june-ara-trades-at-96-90t\/"},"modified":"2012-04-17T04:19:27","modified_gmt":"2012-04-17T02:19:27","slug":"euro-coal-prices-dip-june-ara-trades-at-96-90t","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/euro-coal-prices-dip-june-ara-trades-at-96-90t\/","title":{"rendered":"Euro Coal-Prices dip, June ARA trades at $96.90\/T"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* June DES ARA trades at $96.90, $97.00\/T<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* June S.African bid at $100.50\/T<\/p>\n<p><span><\/span><\/p>\n<p>* U.S. exports continue to weigh on prices<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, April 16 (Reuters) &#8211; European physical coal prices<br \/>\ndipped again on Monday, pressured by oversupply, utilities and<br \/>\ntraders said.<\/p>\n<p><span><\/span><\/p>\n<p>UK gas prices also fell, as seaborne imports rose while<br \/>\nweaker oil prices weighed on forward contracts<br \/>\nbut bearish spot fundamentals were having more of an effect on<br \/>\ncoal values than other energy markets, they said.<\/p>\n<p><span><\/span><\/p>\n<p>South African prompt prices fell most markedly &#8211; a June<br \/>\nloading cargo was bid $1.50 lower than Friday at $100.50 a tonne<br \/>\nFOB Richards Bay &#8211; but there was limited interest in Richards<br \/>\nBay cargoes on Monday.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Prices are not going to rise much above these levels,<br \/>\nthey&#8217;re more likely to stay at $100 or below for the rest of the<br \/>\nyear &#8211; there&#8217;s just too much coal from the U.S. and Colombia in<br \/>\ntraders&#8217; hands,&#8221; one utility source said.<\/p>\n<p><span><\/span><\/p>\n<p>A slump in U.S. domestic coal demand due to environmental<br \/>\nconstraints and extremely weak natural gas prices, has forced<br \/>\nproducers into the export market where they can achieve slim<br \/>\nmargins as an alternative to the more drastic measure of<br \/>\nshutting in production..<\/p>\n<p><span><\/span><\/p>\n<p>The U.S. exported around 37 million tonnes of thermal coal<br \/>\nin 2011 and is poised to maintain this kind of export level even<br \/>\nif prices stay around $100 a tonne DES ARA, analysts, traders<br \/>\nand end-user buyers said.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* June DES ARA trades at $96.90, $97.00\/T * June S.African bid at $100.50\/T * U.S. exports continue to weigh on prices LONDON, April 16 (Reuters) &#8211; European physical coal prices dipped again on Monday, pressured by oversupply, utilities and traders said. UK gas prices also fell, as seaborne imports rose while weaker oil prices [&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-9985","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\/9985","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=9985"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9985\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}