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Coal news and updates

Coking coal sees good demand at e-auction in May

03 Jun 2014

June 3: Washery grade coking coal (W3 and W4) offered on the e-auction platform conducted by coaljunction for Coal India Ltd (CIL) subsidiaries during May 2014 met with good demand as out of 192,750 tons offered, 153,850 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 2,924/ton.

In April, washery grade coking coal offered on the e-auction platform conducted by coaljunction for CIL subsidiaries also 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.

In March 2014, similar demand was witnessed 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.

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

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

22-May-14

Jamunia OCP SSY

Road

1,000

1,000

1,950

2,535

4,287

120

69

W3

 

STM

BCCL

22-May-14

Govindpur

Road

1,000

1,000

1,950

2,535

2,546

31

0

W3

 

STM

BCCL

22-May-14

Block IV

Road

1,000

1,000

1,950

2,535

2,913

49

15

W3

 

STM

BCCL

22-May-14

Jogidih

Road

1,000

1,000

1,950

2,535

2,555

31

1

W3

 

STM

BCCL

22-May-14

Akashkinaree

Road

1,000

1,000

1,950

2,535

2,995

54

18

W3

 

STM

BCCL

22-May-14

Akashkinari

Road

1,000

1,000

1,950

2,535

2,733

40

8

W3

 

STM

BCCL

22-May-14

West Mudidih SSY

Road

12,000

12,000

1,950

2,535

3,846

97

52

W3

 

STM

BCCL

22-May-14

S.Bansjora

Road

3,000

2,500

1,950

2,535

2,535

30

-

W3

 

STM

BCCL

22-May-14

KUYA OCP OUTSOURCED

Road

14,000

14,000

1,950

2,535

2,893

48

14

W3

 

STM

BCCL

22-May-14

NTST OCP

Road

15,000

15,000

1,950

2,535

2,621

34

3

W3

 

STM

BCCL

22-May-14

BARAREE 6 PIT

Road

4,500

4,500

1,950

2,535

2,716

39

7

W3

 

STM

BCCL

22-May-14

Jeenagora OCP

Road

10,000

9,850

1,950

2,535

2,542

30

0

W3

 

Slurry

BCCL

22-May-14

Patherdih

Road

20,000

No Bid

2,586

3,362

NA

 

 

W3

 

STM

CCL

29-May-14

JARANGDIH

Road

4,000

4,000

1,740

2,262

3,045

75

35

W3

 

ROM

CCL

29-May-14

SEL DHORI Q-III

Road

9,550

9,550

1,740

2,262

3,941

126

74

W3

 

STM

CCL

29-May-14

Govindpur Phase-II

Road

1,650

1,640

1,740

2,262

3,591

106

59

W3

 

STM

CCL

29-May-14

KEDLA OCP

Road

10,000

10,000

1,740

2,262

4,183

140

85

W3

 

ROM

CCL

29-May-14

PUNDI (SRCC)

Road

20,000

18,220

1,560

2,028

2,028

30

0

W3

 

ROM

CCL

29-May-14

TOPA (SRCC)

Road

20,000

14,460

1,560

2,028

2,028

30

0

W4

 

ROM

CCL

29-May-14

DHORI

Road

700

700

1,640

2,132

4,232

158

98

W4

 

ROM

CCL

29-May-14

Govindpur Phase-II

Road

5,000

5,000

1,460

1,898

2,452

68

29

W3

 

STM

CCL

29-May-14

SEL DHORI Q-I

Road

1,650

1,630

1,740

2,262

4,309

148

90

W3

 

STM

CCL

29-May-14

PAREJ(E)/ULAHARA

Road

1,650

1,650

1,740

2,262

4,606

165

104

W4

 

STM

CCL

29-May-14

KARO OCP

Road

1,650

1,650

1,640

2,132

2,784

70

31

W4

 

ROM

CCL

29-May-14

TAPIN NORTH

Road

21,400

21,400

1,460

1,898

2,973

104

57

W4

 

Tailings

BCCL

22-May-14

Dugda

Road

11,000

100

2,365

3,075

3,075

30

-

W3 & W4 Total

 

 

 

 

 

 

192,750

153,850