Bloomberg News

European Benchmark Coal for Next Year Increases Most in a Week

October 17, 2011

Oct. 17 (Bloomberg) -- Benchmark European coal advanced, heading for the highest daily gain in a week.

Thermal coal for 2012 delivery to Amsterdam, Rotterdam or Antwerp rose as much as 1.1 percent to $120.25 a metric ton. That’s the biggest intraday increase since Oct. 6. It was at $119.70 at 10:02 a.m. in London, according to data compiled by Bloomberg.

Bloomberg tracks 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: Alessandro Vitelli, Rachel Graham.

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


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