Bloomberg News

New World Resources Declines Second Day on Weaker China Exports

March 12, 2012

New World Resources Plc (NWR), the Czech Republic’s biggest coking-coal producer, fell for a second day as commodities declined after Chinese exports missed estimates.

The stock slid 0.7 percent to 145 koruna by 1:16 p.m. in Prague, adding to a 0.4 percent loss in the previous session and extending NWR’s decline this month to 8.5 percent.

Europe’s benchmark coal derivatives retreated 0.7 percent to $113.2 a metric ton in the Netherlands. Oil and copper fell after a March 10 report showed exports from the world’s second- largest economy rose 18 percent last month from a year earlier, missing a 31 percent median estimate in a Bloomberg survey.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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