European Coal Heads for Biggest Monthly Drop Since March 2010

Sept. 30 (Bloomberg) -- Benchmark European coal declined, heading for the biggest monthly drop since March 2010.

Thermal coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year declined 0.4 percent to $123.10 a metric ton as of 11:55 a.m. in London. The contract has lost 5.5 percent this month and 4.2 percent this quarter, the biggest drop since the three months ending March 2009.

Bloomberg tracks data from information supplied by ICAP Plc, GFI Group Inc., Spectron Group Ltd., Credit Suisse Group AG, IHS McCloskey, Tradition Financial Services and Tullett Prebon Plc.

--Editors: Rob Verdonck, Alessandro Vitelli

To contact the reporter on this story: Marek Strzelecki in Warsaw mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net