2010/09/10

(BN) European Coal for Next Year Falls to Lowest Price Since May 20

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European Coal for Next Year Falls to Lowest Price Since May 20
2010-09-10 12:26:55.115 GMT


By Nicholas Larkin
Sept. 10 (Bloomberg) -- Benchmark European coal prices fell
the the lowest price since May 20, extending the biggest weekly
drop in a month.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with
settlement next year declined as much as 0.8 percent to $95.25 a
metric ton and traded at $95.60 at 1:26 p.m. in London. The fuel
is down 2 percent this week.
The data are drawn from information supplied by ICAP Plc,
GFI Group Inc., Spectron Group Ltd., Credit Suisse Group AG, IHS
McCloskey, Bloomberg and Tradition Financial Services.


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To contact the editor responsible for this story:
Nicholas Larkin at +44-20-7673-2069 or
nlarkin1@bloomberg.net