European Coal Price Has Biggest Drop in More Than a Week

European coal for 2013 delivery rose to its highest level in more than two months.

Thermal coal for delivery next year to Amsterdam, Rotterdam or Antwerp advanced as much as 0.5 percent to $97.60 a metric ton, its highest level since Sept. 27, according to broker data compiled by Bloomberg. The contract traded at $97.20 a metric ton at 3:25 p.m. in London.

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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