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Coal news and updates

Coking coal sees good demand at e-auction in June

04 Jul 2014

July 4: Washery grade coking coal (W3 and W4) offered on the e-auction platform conducted by coaljunction for Coal India Ltd (CIL) subsidiaries during June 2014 met with good demand as out of 220,400 tons offered, 185,900 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 3,104/ton.

In May, washery grade coking coal offered also 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.

Similarly, 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 at a weighted average price of Rs 2,715/ton.

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

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

20-Jun-14

Muraidih SSY

Road

1,000

1,000

1,950.00

2,535.00

3,044.00

56

20

W3

 

STM

BCCL

20-Jun-14

Nudkhurkee SSY

Road

1,000

1,000

1,950.00

2,535.00

3,485.00

79

37

W3

 

STM

BCCL

20-Jun-14

Nichitpur SSY

Road

8,000

8,000

1,950.00

2,535.00

2,538.25

30

0

W3

 

STM

BCCL

20-Jun-14

Tetulmari

Road

12,000

11,250

1,950.00

2,535.00

2,537.53

30

0

W3

 

STM

BCCL

20-Jun-14

Kusunda OCP

Road

39,500

39,500

1,950.00

2,535.00

3,400.13

74

34

W3

 

STM

BCCL

20-Jun-14

Dhansar

Road

11,750

11,750

1,950.00

2,535.00

3,828.66

96

51

W3

 

STM

BCCL

20-Jun-14

Godhur

Road

5,000

650

1,950.00

2,535.00

2,535.00

30

-

W3

 

STM

BCCL

20-Jun-14

Bastacolla SSY

Road

2,000

2,000

1,950.00

2,535.00

2,993.50

54

18

W3

 

STM

BCCL

20-Jun-14

Dobari SSY

Road

5,000

5,000

1,950.00

2,535.00

2,542.90

30

0

W3

 

STM

BCCL

20-Jun-14

Ghanoodih OCP

Road

3,000

3,000

1,950.00

2,535.00

3,375.50

73

33

W3

 

STM

BCCL

20-Jun-14

Bera

Road

2,000

2,000

1,950.00

2,535.00

3,344.25

72

32

W3

 

STM

BCCL

20-Jun-14

South Jharia

Road

8,000

8,000

1,950.00

2,535.00

3,834.44

97

51

W3

 

STM

CCL

27-Jun-14

JARANGDIH

Road

4,000

4,000

1,740.00

2,262.00

3,060.10

76

35

W3

 

ROM

CCL

27-Jun-14

SEL DHORI Q-III

Road

7,100

7,100

1,740.00

2,262.00

3,782.93

117

67

W3

 

STM

CCL

27-Jun-14

SEL DHORI Q-I

Road

1,800

1,780

1,740.00

2,262.00

4,182.90

140

85

W3

 

STM

CCL

27-Jun-14

PAREJ(E)/ULAHARA

Road

2,650

2,650

1,740.00

2,262.00

4,288.94

146

90

W3

 

STM

CCL

27-Jun-14

Govindpur Phase-II

Road

1,350

1,350

1,740.00

2,262.00

3,653.26

110

62

W3

 

STM

CCL

27-Jun-14

CSC,BEHRA

Road

1,350

1,340

1,740.00

2,262.00

2,318.64

33

3

W3

 

STM

CCL

27-Jun-14

KEDLA OCP

Road

8,000

8,000

1,740.00

2,262.00

4,442.66

155

96

W3

 

ROM

CCL

27-Jun-14

PUNDI (SRCC)

Road

10,000

10,000

1,560.00

2,028.00

2,164.06

39

7

W3

 

ROM

CCL

27-Jun-14

TOPA (SRCC)

Road

25,000

20,110

1,560.00

2,028.00

2,028.00

30

-

W4

 

Tailings

BCCL

20-Jun-14

Dugda

Road

23,300

No Bid

2,365.00

3,075.00

NA

-

-

W4

 

STM

CCL

27-Jun-14

DHORI

Road

1,350

1,350

1,640.00

2,132.00

3,657.11

123

72

W4

 

ROM

CCL

27-Jun-14

Govindpur Phase-II

Road

10,000

8,820

1,460.00

1,898.00

1,899.36

30

0

W4

 

ROM

CCL

27-Jun-14

TAPIN NORTH

Road

26,250

26,250

1,460.00

1,898.00

3,385.79

132

78

W3 & W4 Total

 

 

 

 

 

 

220,400

185,900