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Good demand for G3 grade coal in December e-auction

03 Jan 2014

January 3:  There was a good demand for G3 grade coal (GCV ranging between 6,400 Kcal/kg and 6,700 Kcal/kg) on the e-auction platform of coaljunction in December as 82.29% of the offered quantity got allotted. Out of a total quantity of 52,240 tons offered, 42,990 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 4,112/ton.

In November, there was good demand for G3 grade coal on the e-auction platform of coaljunction as 91.46% of the offered quantity got allotted. Out of a total quantity of 117,042 tons that was offered, 107,042 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 4,434/ton.

However, there was moderate demand for G3 grade coal at the e-auction platform of coaljunction in October. Out of a total quantity of 87,388 tons that was offered, 78,438 tons got allotted at a premium of 0-31%. The weighted average price of the allotted quantity during the month stood at Rs 4,148/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 Allottcd (t)

 Reserve Price (Rs./t)

 Notified Price (Rs./t)

 Average Price in Rs/Mt

6401-6700

G3

STM

SECL

16-Dec-13

AMADAND UG

Road

        2,000

         2,000

            4,070

            4,070

               4,982

6401-6700

G3

STM

BCCL

19-Dec-13

Basantimata

Road

        5,000

           500

            4,070

            4,070

               4,070

6401-6700

G3

STM

SECL

20-Dec-13

Rajnagar RO

Road

        2,000

           850

            4,070

            4,070

               4,070

6401-6700

G3

STM

SECL

20-Dec-13

Jhiria UG

Road

        2,800

           400

            4,070

            4,070

               4,070

6401-6700

G3

STM

SECL

20-Dec-13

Malga

Road

        1,500

           300

            4,070

            4,070

               4,070

6401-6700

G3

STM

SECL

20-Dec-13

Rajnagar RO Siding

Rail

       38,940

       38,940

            4,070

            4,070

               4,070

Total

 

 

 

 

 

 

        52,240

         42,990