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European Coal Price Has Biggest Drop in More Than a Week

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Nov. 28 (Bloomberg) -- European coal for next-year delivery declined the most in more than a week.

Thermal coal for delivery next year to Amsterdam, Rotterdam or Antwerp fell as much as 0.8 percent, the most since Nov. 20, to $96.05 a metric ton, according to broker data compiled by Bloomberg. The contract traded at $96.50 at 4:18 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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