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European 2013 Coal Set for Biggest Weekly Gain in Nine Months

European coal for next-year delivery advanced, heading for its biggest weekly gain in nine months.

Thermal coal for delivery in 2013 to Amsterdam, Rotterdam or Antwerp added 0.3 percent to $95.50 a metric ton at 3:30 p.m. in London, according to broker data compiled by Bloomberg. The contract is set to add 2.1 percent this week, the most since the seven days to Jan. 27.

Bloomberg tracks information from ICAP Plc, GFI Group Inc., Marex Spectron Group Ltd., Credit Suisse Group AG, IHS McCloskey, Tradition Financial Services and Tullett Prebon Plc.

To contact the reporter on this story: Marek Strzelecki in Warsaw mstrzelecki1@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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