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Fair demand for G8 grade in February e-auction

04 Mar 2016

Fair demand was witnessed for G8 grade coal (GCV range of 4,901-5,200 Kcal/kg) offered by MCL,SECL,CCL and WCL in the February 2016 e-auctions on coaljunction as out of the offered quantity of 212,500 tons, a mere 64,290 tons were allotted, fetching a weighted average of Rs 2,046, according to data available with ICMW.

 

However, low demand was witnessed for G8 grade coal offered by CCL in the January 2016 e-auctions on coaljunction as out of the offered quantity of 30,000 tons, a mere 8,500 tons were allotted at a weighted average of Rs 2,028.

 

Similar kind of low demand was witnessed for G8 grade offered by CCL and WCL in December 2015 on coaljunction as out of the offered quantity of 30,200 tons, 7,700 tons were allotted at a weighted average price of Rs 2,614.

 

Following are details of the e-auction of G8 grade on coaljunction in February 2016:

 

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 (%)

4901-5200

G8

STM

MCL

03-Feb-16

HBI

ROAD

          40,000

 No Bid

               1,870

               2,244

                      -  

                             -  

                              -  

4901-5200

G8

STM

MCL

03-Feb-16

Orient-2

ROAD

          10,000

            1,000

               1,870

               2,244

                 2,244

                             20

                              -   

4901-5200

G8

ROM

SECL

10-Feb-16

Jampali OC

ROAD

          50,000

          47,200

               1,690

               2,028

                 2,028

                             20

                              -  

4901-5200

G8

ROM

SECL

24-Feb-16

Baroud OCM

ROAD

            5,000

            5,000

               1,690

               2,028

                 2,032

                             20

                           0.20

4901-5200

G8

 

CCL

26-Feb-16

GIDI- W SLURRY

ROAD

          15,000

               200

               1,690

               2,028

                 2,028

                             20

                              -  

4901-5200

G8

 

CCL

26-Feb-16

KEDLA W. SLURRY (P/L)

ROAD

          15,000

            8,980

               1,690

               2,028

                 2,028

                             20

                              -  

4901-5200

G8

CRUROM

WCL

29-Feb-16

UMRER OC

ROAD

          20,500

            1,760

               2,030

               2,526

                 2,526

                             24

                              -  

4901-5200

G8

CRUROM

WCL

29-Feb-16

Niljai South

ROAD

            3,000

               100

               2,030

               2,526

                 2,526

                             24

                              -  

4901-5200

G8

CRUROM

WCL

29-Feb-16

BHANDEWADA INCLINE

ROAD

          14,000

                 50

               2,030

               2,526

                 2,526

                             24

                              -  

4901-5200

G8

CRUROM

WCL

29-Feb-16

UMRER SIDING

RAIL

          40,000

 No Bid

               2,030

               2,436

                      -  

                             -  

                              -  

4901-5200 Total

 

 

 

 

 

 

      2,12,500

         64,290