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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