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Coal news and updates

Poor demand for G-9 grade coal in Feb e-auction

26 Mar 2014

March 26: There was poor demand for G9 grade (GCV 4,601 to 4,900 Kcal/kg) coal offered through the MSTC platform in February 2014 by CCL and WCL, as out of the 288,250 tons offered, 80,040 tons got allotted at a weighted average price of Rs 2,225 per ton.

However, there was good demand for G-9 grade coal offered through the MSTC platform in January 2014 by CCL, MCL and WCL, as out of the 509,350 tons offered, 487,350 tons got allotted at a weighted average price of Rs 1,754 per ton.

On the other hand, there was moderate demand for G9 grade coal offered through the MSTC platform in December 2013 by CCL and WCL, as out of the 473,000 tons offered, 159,580 tons got allotted.

Following are the details of G9 grade e-auction in February 2014:

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 (%)

4601-4900

G9

ROM

CCL

26-Feb-14

ROAD

PURNADIH

210,000

21,490

1,310

1,572

1,572

20

-

4601-4900

G9

n

CCL

26-Feb-14

ROAD

SAWANG W REJECTS

5,000

100

1,310

1,572

1,572

20

-

4601-4900

G9

ROM

WCL

18-Feb-14

ROAD

GOURI CHP

9,000

9,000

1,688

2,025

2,522

49

25

4601-4900

G9

ROM

WCL

18-Feb-14

ROAD

SASTI OC

5,600

5,600

1,688

2,025

2,625

56

30

4601-4900

G9

SLURRY

WCL

18-Feb-14

ROAD

NANDAN WASHERY

30,000

15,200

1,590

1,908

1,908

20

-

4601-4900

G9

ROM

WCL

18-Feb-14

ROAD

GONDEGAON OC

28,650

28,650

1,688

2,025

2,713

61

34

             

288,250

80,040