European coal for next-year delivery advanced for the first time in five days after dipping to the lowest price in more than two years.
Thermal coal for 2013 delivery to Amsterdam, Rotterdam or Antwerp gained 0.3 percent to $93.60 a metric ton as of 10:23 a.m. in London, according to broker data compiled by Bloomberg. The contract earlier dropped as much as 0.2 percent to $93.15 a metric ton, the lowest year-ahead price since May 2010.
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.
To contact the editor responsible for this story: Lars Paulsson at firstname.lastname@example.org