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Poor demand for G-3 grade coal in Nov e-auction

30 Dec 2013

December 30: Poor demand was witnessed for G-3 grade coal (GCV between 6,401 and 6,700 Kcal/kg) offered for allotment via the e-auction platform of MSTC during November as out of 7,500 tons of coal offered by Bharat Coking Coal Limited (BCCL) only around 1,000 tons got allotted at a weighted average price of Rs 4,070 per ton.

On the other hand, in October, moderate demand was witnessed for G-3 grade coal offered for allotment as out of 43,500 tons offered by Bharat Coking Coal Limited (BCCL) and Eastern Coalfields Limited (ECL), around 38,000 tons got allotted at a weighted average price of Rs 4,809 per ton.

Following are the details of e-auction of G-3 grade coal in November 2013:

GCV

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered (In tons)

Allotted qty (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 (%)

% Qty Sold (%)

6401-6700

G3

STEAM

BCCL

21-Nov

ROAD

BASANTIMATA

5000

1000

4070

4070

4070

0

0

20

6401-6700

G3

STEAM

BCCL

21-Nov

ROAD

BASANTIMATA

2500

0

NA

NA

NA

 

 

 

Total

 

 

 

 

 

 

7500

1000