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Coal news and updates

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

04 Jun 2014

June 4: G10 grade coal (GCV range 4,301 and 4,600 Kcal/kg) offered through the e-auction platform of coaljunction during May 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 the allotted quantity during the month stood at Rs 2,055/ton.

In March 2014, the offering saw moderate demand as 446,010 tons out of an offered quantity of 615,760 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 2,100/ton.

Following are the details of the e-auction of G10 grade in May 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

Crushed ROM

NCL

15-May-14

Jhingurda

Road

60,000

60,000

1,160

1,392

1,999

72

44

4301-4600

G10

Crushed ROM

NCL

15-May-14

Kakri

Road

50,000

50,000

1,160

1,392

2,256

94

62

4301-4600

G10

STM

MCL

26-May-14

Basundhara

Road

50,000

50,000

1,340

1,608

1,619

21

1

4301-4600

G10

STM

MCL

26-May-14

Kulda

Road

50,000

50,000

1,340

1,608

1,608

20

-

4301-4600

G10

ROM

CCL

29-May-14

KDH

Road

10,000

10,000

1,160

1,392

2,005

73

44

4301-4600 Total

           

220,000

220,000