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High demand for coking coal in Jan on coaljunction

03 Feb 2016

Strong demand was witnessed for washery grade (W3) coking coal offered by Bharat Coking Coal Limited (BCCL) and Central Coalfields Ltd (CCL) for allotment through coaljunction in January 2016, as per data available with ICMW.

 

Out of the entire offered quantity of 129,550 tons during January 2016, a volume of 114,800 tons got allotted.

 

However, the weighted average price rose to Rs 2,756 per ton in January against Rs 2,748 per ton in December.

 

However, good demand was witnessed for washery grade (W2, W3, W4) coking coal offered by BCCL and CCL for allotment through coaljunction in December 2015.

 

Out of the entire offered quantity of 99,250 tons during December 2015, a volume of 46,180 tons got allotted. Here, the weighted average price rose to Rs 2,748 per ton in December from Rs 2,594 per ton in November.

 

However, strong demand was witnessed for washery grade (W3) coking coal offered by BCCL and CCL for allotment through coaljunction in November 2015.

 

Out of the entire offered quantity of 151,800 tons during November 2015, a volume of 119,950 tons got allotted.

 

Following are the details of the e-auction of coking coal in January 2016 on coaljunction:

 

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 (%)

W3

W3

STM

BCCL

15-Jan-16

Muraidih SSY

ROAD

              3,500

           3,500

                    1,950

                    2,535

                    2,535

                             30

                              -  

W3

W3

STM

BCCL

15-Jan-16

Shatabdi

ROAD

              2,500

           2,500

                    1,950

                    2,535

                    2,535

                             30

                              -  

W3

W3

STM

BCCL

15-Jan-16

Benedih SSY

ROAD

              2,500

           2,500

                    1,950

                    2,535

                    2,617

                             34

                               3

W3

W3

STM

BCCL

15-Jan-16

Nudkhurkee SSY

ROAD

              3,500

           3,500

                    1,950

                    2,535

                    2,560

                             31

                               1

W3

W3

STM

BCCL

15-Jan-16

Nichitpur SSY

ROAD

              4,000

           4,000

                    1,950

                    2,535

                    2,930

                             50

                             16

W3

W3

STM

BCCL

15-Jan-16

Tetulmari

ROAD

              4,000

           4,000

                    1,950

                    2,535

                    3,185

                             63

                             26

W3

W3

STM

BCCL

15-Jan-16

Kusunda OCP

ROAD

             55,000

         54,650

                    1,950

                    2,535

                    2,537

                             30

                               0

W3

W3

STM

BCCL

15-Jan-16

Dhansar

ROAD

             15,000

         15,000

                    1,950

                    2,535

                    3,298

                             69

                             30

W3

W3

STM

BCCL

15-Jan-16

Gondudih

ROAD

              3,000

           3,000

                    1,950

                    2,535

                    2,924

                             50

                             15

W3

W3

STM

BCCL

15-Jan-16

GODHUR OCP 15 QRY

ROAD

             12,000

              350

                    1,950

                    2,535

                    2,535

                             30

                              -  

W3

W3

STM

BCCL

15-Jan-16

Bastacolla SSY

ROAD

              3,000

           2,000

                    1,950

                    2,535

                    2,535

                             30

                              -  

W3

W3

STM

BCCL

15-Jan-16

South Jharia

ROAD

              1,000

           1,000

                    1,950

                    2,535

                    3,213

                             65

                             27

W3

W3

STM

BCCL

15-Jan-16

Kuya OCP

ROAD

              2,500

           2,250

                    1,950

                    2,535

                    2,536

                             30

                               0

W3

W3

STM

BCCL

15-Jan-16

Jeenagora OCP

ROAD

              2,000

           2,000

                    1,950

                    2,535

                    2,552

                             31

                               1

W3

W3

STM

BCCL

15-Jan-16

BARAREE 6 PIT

ROAD

              1,500

 No Bid

                    1,950

                    2,535

                         -  

                             -  

                              -  

W3

W3

STM

BCCL

15-Jan-16

NTST OCP

ROAD

             10,000

         10,000

                    1,950

                    2,535

                    3,182

                             63

                             26

W3

W3

STM

CCL

29-Jan-16

PUNDI

ROAD

              2,550

           2,550

                    1,740

                    2,262

                    2,950

                             70

                             30

W3

W3

STM

CCL

29-Jan-16

Tarmi OS

ROAD

              2,000

           2,000

                    1,740

                    2,262

                    2,509

                             44

                             11

W3 Total

 

 

 

 

 

 

        1,29,550

     1,14,800