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Coal news and updates

Coking coal sees good demand at e-auction in April

06 May 2014

May 6: Washery grade coking coal (W3 and W4) offered on the e-auction platform conducted by coaljunction for Coal India Ltd (CIL) subsidiaries during April 2014 met with good demand as out of 201,650 tons offered, 187,150 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 2,715/ton.

However, in March 2014, the offering met with good demand as out of 247,450 tons offered, 188,530 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 2,690/ton.

In February 2014, the offering met with good demand as out of 421,100 tons offered, 366,130 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 2,936/ton.

Following are the details of e-auction of coking coal in April:

GCV Range

Grade / GCV Band

Size

Name of the Company

e-Auction Date

Ex Location

Mode of Despatch

Quantity Offered (t)

Quantity Allotted (t)

Notified Price (Rs./t)

Reserve Price (Rs./t)

Average Price in Rs/Mt

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

W3

 

STM

BCCL

21-Apr-14

Muraidih SSY

ROAD

1,000

1,000

1,950

2,535

2,541

30

0

W3

 

STM

BCCL

21-Apr-14

Nudkhurkee SSY

ROAD

1,000

1,000

1,950

2,535

3,755

93

48

W3

 

STM

BCCL

21-Apr-14

Nichitpur SSY

ROAD

8,000

8,000

1,950

2,535

2,751

41

9

W3

 

STM

BCCL

21-Apr-14

Tetulmari

ROAD

12,000

12,000

1,950

2,535

3,279

68

29

W3

 

STM

BCCL

21-Apr-14

Kusunda OCP

ROAD

41,750

41,750

1,950

2,535

3,300

69

30

W3

 

STM

BCCL

21-Apr-14

Dhansar

ROAD

3,000

3,000

1,950

2,535

4,077

109

61

W3

 

STM

BCCL

21-Apr-14

Godhur

ROAD

6,000

3,900

1,950

2,535

2,539

30

0

W3

 

STM

BCCL

21-Apr-14

Bastacolla SSY

ROAD

2,000

2,000

1,950

2,535

3,141

61

24

W3

 

STM

BCCL

21-Apr-14

Dobari SSY

ROAD

6,000

6,000

1,950

2,535

2,555

31

1

W3

 

STM

BCCL

21-Apr-14

Ghanoodih OCP

ROAD

6,000

6,000

1,950

2,535

3,144

61

24

W3

 

STM

BCCL

21-Apr-14

Bera

ROAD

5,000

5,000

1,950

2,535

3,324

70

31

W3

 

STM

BCCL

21-Apr-14

South Jharia

ROAD

1,000

1,000

1,950

2,535

4,015

106

58

W3

 

STM

CCL

30-Apr-14

AMLO

ROAD

3,150

3,150

1,740

2,262

4,057

133

79

W3

 

STM

CCL

30-Apr-14

TOPA

ROAD

1,000

1,000

1,740

2,262

4,370

151

93

W3

 

STM

CCL

30-Apr-14

PAREJ(E)/ULAHARA

ROAD

3,500

3,500

1,740

2,262

4,297

147

90

W3

 

STM

CCL

30-Apr-14

Govindpur Phase-II

ROAD

2,200

2,200

1,740

2,262

3,521

102

56

W3

 

STM

CCL

30-Apr-14

Tarmi OS

ROAD

850

850

1,740

2,262

4,078

134

80

W4

 

Tailings

BCCL

21-Apr-14

Dugda

ROAD

20,000

7,600

2,365

3,075

3,075

30

-

W4

 

STM

CCL

30-Apr-14

KARO OCP

ROAD

2,200

2,200

1,640

2,132

2,800

71

31

W4

 

ROM

CCL

30-Apr-14

JARANGDIH-I

RAIL

76,000

76,000

1,460

1,898

1,927

32

2

W4 Total

 

 

 

 

 

 

201,650

187,150