European Coal Rises to $111.50, Heads Toward Highest 2010 Close

Benchmark European coal derivatives advanced, heading for this year’s highest close.

Coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year rose $1.25, or 1.1 percent, to $111.50 a metric ton at 10:01 a.m. in London.

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.

To contact the reporter on this story: Alistair Holloway in London at aholloway1@bloomberg.net.

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net.

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