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Coal news and updates

Moderate demand for G-7 grade coal in March e-auction

03 Apr 2014

April 3: G-7 grade coal (GCV range of 5,200-5,500 Kcal/kg) met with moderate demand on the coaljunction platform in March as out of the offered quantity of 89,700 tons, 58,340 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 2,679/ton.

However, in February as out of the offered quantity of 83,350 tons, 76,260 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 2,902/ton.

In January, out of the offered quantity of 299,750 tons, 281,220 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 2,466/ton.

Following are the details of the e-auction of G-7 and mixed grade coal in March 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)

Reserve Price (Rs./t)

Notified Price (Rs./t)

Average Price in Rs/Mt

% Increase Over Reserve Price (%)

% Increase over Notified Price (%)

5201-5500

G7

SLK

SECL

14-Mar-14

Pali

Road

1,500

600

2,292.00

1,910.00

2,292.00

-

20

5201-5500

G7

SLK

SECL

14-Mar-14

Bangwar UG (Bunker)

Road

6,000

1,000

2,292.00

1,910.00

2,292.00

-

20

5201-5500

G7

ROM

SECL

15-Mar-14

AMGAON OC   (Stock)

Road

36,000

36,000

2,268.00

1,890.00

2,738.61

21

45

5201-5500

G7

STM

BCCL

19-Mar-14

DAMAGORIA CHAPTORIA OCP

Road

20,000

14,550

2,484.00

2,070.00

2,484.00

-

20

5201-5500

G7

STM

WCL

19-Mar-14

MANA

Road

1,500

1,500

2,940.00

2,450.00

3,649.13

24

49

5201-5500

G7

STM

WCL

19-Mar-14

NANDGAON

Road

1,500

1,500

2,970.00

2,475.00

3,253.00

10

31

5201-5500

G7

 

CCL

20-Mar-14

KATHARA W. SLURRY

Road

10,000

1,880

2,268.00

1,890.00

2,268.00

-

20

5201-5500

G7

 

CCL

20-Mar-14

GIDI-C

Road

8,200

1,310

2,484.00

2,070.00

2,484.00

-

20

5201-5500

G7

STM

MCL

21-Mar-14

Orient-4

Road

5,000

No Bid

2,484.00

2,070.00

NA

-

-

5201-5500 Total

           

89,700

58,340