2010/09/29

?European Coal Advances to Seven-Week High, Nears $100 a Ton

coal attached - why this rise folks? comments my way European Coal Advances to Seven-Week High, Nears $100 a Ton


By Mathew Carr
Sept. 29 (Bloomberg) -- Benchmark European coal derivatives
climbed to a seven-week high, nearing $100 a metric ton.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with
settlement for next year gained 0.4 percent to $99.75 a ton as
of 4:40 p.m. London time, according to broker data. It traded as
high as $99.90 a ton, the highest price since Aug. 10.
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.


For Related News and Information:
Top Energy Stories: ETOP <GO>
Emissions-trading stories: NI ENVMARKET BN <GO>
European power-markets home page: EPWR <GO>


--Editors: Raj Rajendran, Randall Hackley.

To contact the reporter on this story:
Mathew Carr in London at +44-20-7073-3531 ...