European Coal for 2014 Delivery Rises to 11-day High

Bloomberg reported that European coal for delivery marked the largest rise in 11 days, alongside rising oil, on news that Japan intends to ramp up its purchase.

As quoted in the market report:

Thermal coal for 2014 delivery to Amsterdam, Rotterdam or Antwerp rose as much as 0.7 percent to $99.50 a metric ton as of 12:30 p.m. London time, according to broker data compiled by Bloomberg. That’s the biggest gain since Jan. 11.

To view the whole Bloomberg report, click here.