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Fair demand for G8 grade coal in November e-auction

08 Dec 2015

India Coal Market Watch

December 7: Fair demand was witnessed for G8 grade coal (GCV range of 4,901-5,200 Kcal/kg) offered by CCL and WCL, subsidiaries of Coal India (CIL), in the November 2015 e-auctions on coaljunction as out of the offered quantity of 29,200 tons, 10,180 tons were allotted at a weighted average of Rs 2,495, according to data available with ICMW.

 Similar kind of demand was witnessed for G8 grade coal offered by CCL WCL and SECL, subsidiaries of Coal India (CIL), in the October 2015 e-auctions on coaljunction as out of the offered quantity of 56,500 tons, 29,550 tons were allotted at a weighted average of Rs 2,476.

 In September, similar demand was witnessed for this grade offered by CCL, WCL and NCL as out of the offered quantity of 118,170 tons, 75,560 tons were allotted at a weighted average of Rs 2,448.

 Following are the details of the e-auction of G8 grade on coaljunction in November 2015:

 

 

GCV Range

Grade / GCV Band

Size

Name of The Company

e-Auction Date

Mode of Despatch

Ex Location

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 (%)

4901-5200

G8

SLK

WCL

23-Nov-15

ROAD

NANDGAON

1,200

1,200

2,050

2,460

3,320

62

35

4901-5200

G8

SLK

WCL

23-Nov-15

ROAD

MANA

1,400

1,400

2,050

2,460

3,484

70

42

4901-5200

G8

STM

WCL

23-Nov-15

ROAD

MOHAN 9/10 (MOURI INCLINE)

1,600

1,600

2,210

2,652

2,758

25

4

4901-5200

G8

 

CCL

30-Nov-15

ROAD

GIDI- W SLURRY

15,000

No Bid

1,690

2,028

NA

-

-

4901-5200

G8

 

CCL

30-Nov-15

ROAD

KEDLA W. SLURRY (P/L)

10,000

5,980

1,690

2,028

2,028

20

-

4901-5200 Total

 

 

 

 

 

 

29,200

10,180