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Coal Rises on Speculation Demand May Build as Reservoirs Fall
Jun. 07, 2011 09:46AM PST
Industrial MetalsBloomberg reported that coal derivatives from Europe are up on predictions of higher demand.
Bloomberg reported that coal derivatives from Europe are up on predictions of higher demand.
The market news is quoted as saying:
Coal delivered to northwest Europe with settlement next year rose 75 cents, or 0.6 percent, to $130.75 a metric ton by 11:17 a.m. in London. That would be the highest closing price since May 4.
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