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Coal news and updates

Good demand for G-3 grade coal in March e-auction

02 Apr 2014

April 2: There was a good demand for G-3 grade coal (GCV ranging between 6,400 Kcal/kg and 6,700 Kcal/kg) on the e-auction platform of coaljunction in March 2014 as 97.06% of the offered quantity got allotted. Out of a total quantity of 35,000 tons offered, 33,970 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 5,266/ton.

In February 2014, good demand was witnessed as 87.42% of the offered quantity got allotted. Out of a total quantity of 190,790 tons offered, 166,780 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 4,319/ton.

However, in January 2014, there was a strong demand for G-3 grade coal as 96.92% of the offered quantity got allotted. Out of a total quantity of 29,500 tons offered, 28,590 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 5,505/ton.

Following are the details:

GCV Range

Grade / GCV Band

Size

Name of the Company

e-Auction Date

Ex Location

Mode of Despatch

Quantity Offered (t)

Quantity Allotted (t)

Reserve Price (Rs./t)

Notified Price (Rs./t)

Average Price in Rs/Mt

% Increase Over Reserve Price (%)

% Increase over Notified Price (%)

6401-6700

G3

STM

SECL

15-Mar-14

Rajnagar RO

Road

500

500

4,070.00

4,070.00

4,074.00

0

0

6401-6700

G3

STM

SECL

15-Mar-14

Jhiria UG

Road

3,000

2,000

4,070.00

4,070.00

4,070.00

-

-

6401-6700

G3

STM

SECL

15-Mar-14

AMADAND UG

Road

1,500

1,500

4,070.00

4,070.00

5,216.33

28

28

6401-6700

G3

 

CCL

20-Mar-14

SAUNDA

Road

1,500

1,500

4,070.00

4,070.00

4,185.07

3

3

6401-6700

G3

 

CCL

20-Mar-14

SIRKA

Road

1,000

970

4,070.00

4,070.00

4,170.00

2

2

6401-6700

G3

STM

ECL

28-Mar-14

NINGHA:Dishergarh(R-IV)

Road

1,000

1,000

4,070.00

4,070.00

5,601.70

38

38

6401-6700

G3

STM

ECL

28-Mar-14

CHITRA-A OC::Saharjori / Patrika

Road

20,000

20,000

4,070.00

4,070.00

5,390.58

32

32

6401-6700

G3

STM

ECL

28-Mar-14

BANSRA: : (Kenda R-VI )

Road

1,700

1,700

4,070.00

4,070.00

5,222.00

28

28

6401-6700

G3

STM

ECL

28-Mar-14

CENTRAL KAJORA : Lower Kajora R-VIII T

Road

1,800

1,800

4,070.00

4,070.00

5,434.34

34

34

6401-6700

G3

STM

ECL

28-Mar-14

JAMBAD : KENDA (R-VI)

Road

3,000

3,000

4,070.00

4,070.00

6,167.41

52

52

6401-6700 Total

 

 

 

 

 

 

35,000

33,970