Buoyant response to forward auction in March
27 Apr 2015
April 27: A somewhat buoyant demand was witnessed for coal offered under the forward e-auction scheme of Coal India Ltd (CIL) on the MSTC platform during March, according to information available with ICMW.
A total of around 108,000 tons were offered under the scheme by CIL subsidiary South Eastern Coalfields Limited (SECL) during the month for delivery of which a hefty 91% or 99,000 tons got allotted.
The transactions took place at a weighted average price of Rs 2,950 per ton.
In forward e-auction, only consumers are allowed to participate wherein bookings are allowed for delivery during various quarters of a particular financial year from a particular subsidiary whereas in spot auction anyone, including traders, can participate.
In fact, the last forward e-auction on the MSTC platform had taken place in November 2014, when 71,600 tons had been allotted. Here too, information on the subsidiaries’ names and offered quantities were not available.
Following table provides detail of forward e-auction in March 2015 on MSTC by CIL:
GCV |
Grade |
Size |
Company Name |
Event Date |
Mode |
Colliery |
Qty offered |
Qty Alloted |
(ANP)Average Notified Price (in Rs) |
(ARP)Average Reserve Price (In Rs) |
(AAP) Average Auctioned Price (in Rs) |
(TNP)Total Notified Price (in Rs) |
(TRP) Total Reserve Price (In Rs) |
(TAP) Total Auctioned Price (in Rs) |
% Increase over Notified Price (%) |
% Increase Over Reserve Price (%) |
% Qty Sold (%) |
Coal Description |
WTD AVG |
5801-6100 |
G5 |
STM |
SECL |
4-Mar-15 |
ROAD |
Singhali |
15,000 |
15,000 |
2,980 |
2,980 |
3,013 |
44,700,000 |
44,700,000 |
45,200,000 |
1 |
1 |
100 |
Grade & Size: G5 STM ; Area: Korba ; To be delivered during Apr'15-Jun'15 By Road |
|
5801-6100 |
G5 |
STM |
SECL |
4-Mar-15 |
ROAD |
Singhali |
15,000 |
15,000 |
2,980 |
2,980 |
2,990 |
44,700,000 |
44,700,000 |
44,844,000 |
0.32 |
0.32 |
100 |
Grade & Size: G5 STM ; Area: Korba ; To be delivered during Jul'15-Sep'15 By Road |
|
5801-6100 |
G5 |
STM |
SECL |
4-Mar-15 |
ROAD |
Singhali |
15,000 |
15,000 |
2,980 |
2,980 |
2,986 |
44,700,000 |
44,700,000 |
44,784,000 |
0.19 |
0.19 |
100 |
Grade & Size: G5 STM ; Area: Korba ; To be delivered during Oct'15-Dec'15 By Road |
|
5801-6100 |
G5 |
STM |
SECL |
4-Mar-15 |
ROAD |
Singhali |
15,000 |
15,000 |
2,980 |
2,980 |
2,983 |
44,700,000 |
44,700,000 |
44,739,000 |
0.09 |
0.09 |
100 |
Grade & Size: G5 STM ; Area: Korba ; To be delivered during Jan'16-Mar'16 By Road |
|
5801-6100 |
G5 |
SLK |
SECL |
4-Mar-15 |
ROAD |
Dhelwadih |
6,000 |
6,000 |
2,820 |
2,820 |
2,845 |
16,920,000 |
16,920,000 |
17,070,000 |
1 |
1 |
100 |
Grade & Size: G5 SLK ; Area: Korba ; To be delivered during Apr'15-Jun'15 By Road |
|
5801-6100 |
G5 |
SLK |
SECL |
4-Mar-15 |
ROAD |
Dhelwadih |
6,000 |
6,000 |
2,820 |
2,820 |
2,820 |
16,920,000 |
16,920,000 |
16,920,000 |
- |
- |
100 |
Grade & Size: G5 SLK ; Area: Korba ; To be delivered during Jul'15-Sep'15 By Road |
|
5801-6100 |
G5 |
SLK |
SECL |
4-Mar-15 |
ROAD |
Dhelwadih |
6,000 |
6,000 |
2,820 |
2,820 |
2,820 |
16,920,000 |
16,920,000 |
16,920,000 |
- |
- |
100 |
Grade & Size: G5 SLK ; Area: Korba ; To be delivered during Oct'15-Dec'15 By Road |
|
5801-6100 |
G5 |
SLK |
SECL |
4-Mar-15 |
ROAD |
Dhelwadih |
6,000 |
6,000 |
2,820 |
2,820 |
2,820 |
16,920,000 |
16,920,000 |
16,920,000 |
- |
- |
100 |
Grade & Size: G5 SLK ; Area: Korba ; To be delivered during Jan'16-Mar'16 By Road |
|
5801-6100 |
G5 |
STM |
SECL |
4-Mar-15 |
ROAD |
Dhelwadih |
6,000 |
6,000 |
2,980 |
2,980 |
2,980 |
17,880,000 |
17,880,000 |
17,880,000 |
- |
- |
100 |
Grade & Size: G5 STM ; Area: Korba ; To be delivered during Apr'15-Jun'15 By Road |
|
5801-6100 |
G5 |
STM |
SECL |
4-Mar-15 |
ROAD |
Dhelwadih |
6,000 |
3,000 |
2,980 |
2,980 |
2,980 |
8,940,000 |
8,940,000 |
8,940,000 |
- |
- |
50 |
Grade & Size: G5 STM ; Area: Korba ; To be delivered during Jul'15-Sep'15 By Road |
|
5801-6100 |
G5 |
STM |
SECL |
4-Mar-15 |
ROAD |
Dhelwadih |
6,000 |
3,000 |
2,980 |
2,980 |
2,980 |
8,940,000 |
8,940,000 |
8,940,000 |
- |
- |
50 |
Grade & Size: G5 STM ; Area: Korba ; To be delivered during Oct'15-Dec'15 By Road |
|
5801-6100 |
G5 |
STM |
SECL |
4-Mar-15 |
ROAD |
Dhelwadih |
6,000 |
3,000 |
2,980 |
2,980 |
2,980 |
8,940,000 |
8,940,000 |
8,940,000 |
- |
- |
50 |
Grade & Size: G5 STM ; Area: Korba ; To be delivered during Jan'16-Mar'16 By Road |
|
5801-6100 Total |
108,000 |
99,000 |
2950 |
||||||||||||||||
Grand Total |
108,000 |
99,000 |