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Coal news and updates

June e-auction sees very strong demand for G10 grade coal

07 Jul 2014

July 7: G10 grade coal (GCV range 4,301 and 4,600 Kcal/kg) offered through the e-auction platform of coaljunction during June saw very strong demand as the entire offered quantity of 64,650 tons got allotted at a weighted average price of Rs 2,190 per ton.

Similarly, G10 grade coal offered through the e-auction platform of coaljunction during May also saw very strong demand as the entire offered quantity of 220,000 tons got allotted at a weighted average price of Rs 1,882 per ton.

On the contrary, in April, moderate demand was witnessed as 144,600 tons got allotted out of an offered quantity of 197,250 tons, at a weighted average price of Rs 2,055/ton.

Following are the details of the e-auction of G10 grade in June 2014:

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 (%)

4301-4600

G10

ROM

CCL

27-Jun-14

BENTI COAL DUMP ASHOKA

Road

50,000

50,000

1,160.00

1,392.00

2,187.43

89

57

4301-4600

G10

ROM

CCL

27-Jun-14

Tetariakhar

Road

14,650

14,650

1,160.00

1,392.00

2,199.58

90

58

4301-4600 Total

           

64,650

64,650