European Next-Year Coal Advances for First Time in Eight Days

European coal for 2013 delivery advanced for the first time in eight days.

Thermal coal for delivery next year to Amsterdam, Rotterdam or Antwerp gained 0.8 percent to $95 a metric ton, according to broker data compiled by Bloomberg. The contract fell as low as $94.20 yesterday, its lowest in more than a month.

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

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