European Coal for Next Year Heads for Highest Close This Month

European coal for 2013 rose for a fourth day to its highest close this month as power for next year in Germany, Europe’s biggest market, remained stable.

Thermal coal for delivery next year to Amsterdam, Rotterdam or Antwerp climbed 0.2 percent to $97.45 a metric ton at 3:28 p.m. in London, according to broker data compiled by Bloomberg. German power for 2013 was little changed at 47.85 euros ($61.81) a megawatt-hour.

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

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