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European 2013 Coal Increases Most in Month on Barclays Outlook

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Dec. 21 (Bloomberg) -- European coal for 2013 delivery increased the most in almost a month after Barclays Plc raised its forecast for the fuel.

Thermal coal for delivery next year to Amsterdam, Rotterdam or Antwerp added 1.4 percent to $96.60 a metric ton as of 12:30 p.m. in London, according to broker data compiled by Bloomberg. That’s the contract’s biggest advance since Nov. 23.

Coal in northwest Europe may average $95 a ton next year, 2.2 percent higher than the bank’s previous estimate, as new power plants add some 4 million tons to German demand, Trevor Sikorski, an analyst at the bank in London, said today in an e-mailed research note.

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 at mstrzelecki1@bloomberg.net

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

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