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New UserCoking coal sees good demand in July e-auction on other platform
17 Sep 2014
(Corrected version of news item carried in ICMW dated August 27, 2014)
September 17: Fair demand was witnessed for washery grade (W3 & W4) coking coal offered by Central Coalfields Limited (CCL) for allotment through the MSTC platform in July 2014.
During July, only a small quantity of 4.010 tons of coking coal was offered and the entire quantity got allotted at a weighted average price of Rs 4,148 per ton.
However, in June, 138,500 tons were offered for allotment out of which 87,850 tons got allotted at a weighted average price of Rs 3,199 per ton.
Reduced offering in July led to a sharp increase in realisation as compared to June.
On the other hand, May saw poor demand for the same grades as of the 218,800 tons offered for allotment, 211,290 tons got allotted at a weighted average price of Rs 2,764 per ton.
Following are the details of e-auction for coking coal via the MSTC platform in July 2014:
| GCV |
Grade |
Size |
Company Name |
Event Date |
Mode |
Colliery |
Qty offered (In tons) |
Qty Alloted (In tons) |
(ANP)Average Notified Price (in Rs) |
(ARP)Average Reserve Price (In Rs) |
(AAP) Average Auctioned Price (in Rs) |
% Increase over Notified Price (%) |
% Increase Over Reserve Price (%) |
|
W3 |
STM |
CCL |
28-Jul-14 |
ROAD |
GOVINDPUR PHASE II |
630 |
630 |
1,740 |
2,262 |
3,906 |
125 |
73 |
|
|
W3 |
ROM |
CCL |
28-Jul-14 |
ROAD |
DHORI |
630 |
630 |
1,740 |
2,262 |
4,558 |
162 |
102 |
|
|
W3 |
STM |
CCL |
28-Jul-14 |
ROAD |
SEL DHORI Q-I |
1,880 |
1,880 |
1,740 |
2,262 |
4,687 |
169 |
107 |
|
|
W3 |
STM |
CCL |
28-Jul-14 |
ROAD |
JARANGDIH |
250 |
250 |
1,740 |
2,262 |
3,304 |
90 |
46 |
|
|
W4 |
ROM |
CCL |
28-Jul-14 |
ROAD |
GOVINDPUR PHASE II |
620 |
620 |
1,460 |
1,898 |
2,682 |
84 |
41 |
|
|
W3 & W4 Total |
|
4,010 |
4,010 |