High demand seen for G16 in October on other platform
24 Nov 2015
India Coal Market Watch
November 23: Strong demand was witnessed in October 2015 for G16 (GCV 2,501 to 2,800 Kcal/kg) grade offered by CIL subsidiaries through MSTC as out of 80,000 tons, 77,560 tons got allotted at a weighted average price of Rs 1,068 per ton, as per data available with ICMW.
However, G16 grade of coal was not offered in September 2015 by CIL subsidiaries for allotment through the MSTC platform.
Moderate demand was witnessed in August 2015 for G16 grade offered by CIL subsidiaries through MSTC as out of 48,045 tons, 10,850 tons got allotted at a weighted average price of Rs 732 per ton.
Following are details of the e-auction of G16 grade on MSTC in October 2015:
GCV Range |
Grade |
Size |
Company Name |
Event Date |
Mode |
Colliery |
Qty offered (In tons) |
Qty Alloted (In tons) |
(ANP)Average Notified Price (in Rs) |
(ARP)Average Reserve Price (In Rs) |
(AAP) Average Auctioned Price (in Rs) |
% Increase over Notified Price (%) |
% Increase Over Reserve Price (%) |
2501-2800 |
G16 |
n |
CCL |
28-Oct-15 |
ROAD |
KARGALI W REJECTS (P/L) |
30,000 |
27,560 |
610 |
732 |
732 |
20 |
0.01 |
2501-2800 |
G16 |
ROM |
SECL |
19-Oct-15 |
ROAD |
Gare Pelma IV/2&3 |
50,000 |
50,000 |
610 |
732 |
1,253 |
105 |
71 |
2501-2800 Total |
|
|
|
|
|
80,000 |
77,560 |
|
|
|
|
|