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Friday, October 7, 2011

European benchmark coal for next year gains most in three weeks

Friday, 07 Oct 2011

Bloomberg reported that benchmark European coal advanced, heading for a highest daily gain in three weeks.

Thermal coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year increased 0.8% to USD 120 per tonne as of 10:35 AM in London. That would be the biggest one-day rise since September 15.

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.

(Sourced from Bloomberg)

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