Bloomberg reported that benchmark European coal declined, heading for the biggest monthly drop since March 2010.

Thermal coal for delivery to Amsterdam, Rotterdam or Antwerp with settlement next year declined 0.4% to USD 123.10 per tonne as of 11:55 AM in London.

The contract has lost 5.5% this month and 4.2% this quarter the biggest drop since the three months ending March 2009.

(Sourced from Bloomberg)