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Friday, August 19, 2011

European coal prices decline to USD 126 a tonne

Friday, 19 Aug 2011

Bloomberg reported that coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year dropped 35 cents or 0.3% to USD 126.75 a metric tonne by 8:52 AM in London.

Mr Mark Pervan an analyst with Australia & New Zealand Banking Group Ltd said that prices showed a mixed performance. He added that “Activity in the European market increased significantly, despite the weak economic backdrop.”

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

(sourced from Bloomberg)

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