European 2014 Coal Rebounds From Record, Gains Most in Four DaysMarek Strzelecki
European coal for 2014 delivery had its biggest gain in four days, rebounding from yesterday’s record low.
Thermal coal for 2014 delivery to Amsterdam, Rotterdam or Antwerp increased 0.7 percent, the biggest gain since Jan. 11, to $100.50 a metric ton as of 3:14 p.m. London time, according to broker data compiled by Bloomberg. Yesterday, the contract dropped to $99.75 a ton, falling below $100 for the first time since the contract started trading in January 2010.
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.