2010/09/30

?European Coal for Next Year Falls After Reaching $100 a Ton

why $100 not sticking when USD still falling against EURO? European Coal for Next Year Falls After Reaching $100 a Ton


By Nicholas Larkin
Sept. 30 (Bloomberg) -- Benchmark European coal derivatives
declined after touching $100 a metric ton.
Coal for delivery to Amsterdam, Rotterdam or Antwerp with
settlement next year lost 0.4 percent to $99.50 a ton at 9:55
a.m. London time. The fuel earlier today reached $100, 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.



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Nicholas Larkin at +44-20-7673-2069 or
nlarkin1@bloomberg.net