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European Coal for 2014 Advances the Most in Six Months

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Feb. 8 (Bloomberg) -- European coal for 2014 advanced the most in six months, heading for a third weekly increase.

Thermal coal for delivery to Amsterdam, Rotterdam or Antwerp gained as much as 1.5 percent to $101.10 a metric ton, according to broker data compiled by Bloomberg. That’s the biggest rise since Aug. 8. The contract traded at $100.60 at 11:24 a.m. Berlin time, putting this week’s gain at 0.3 percent.

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: Julia Mengewein in Frankfurt at jmengewein@bloomberg.net

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

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