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Poor demand for G1 grade coal in June e-auction

07 Jul 2014

July 7: Poor demand was witnessed for G1 grade coal (GCV more than 7,000 Kcal/kg) on the e-auction platform of coaljunction in June 2014 as only 26.6% of the offered quantity got allotted out of a total offered quantity of 30,000 tons and the weighted average price of the allotted quantity during the month stood at Rs 5,470/ton.

Following are the details:

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 (%)

>7000

G1

ROM

NEC

5-Jun-14

Ledo OCP

Road

20,000

7,980

5,470.00

5,470.00

5,470.00

-

-

>7000

G1

STM

BCCL

20-Jun-14

Dhansar

Road

10,000

No Bid

5,200.00

5,200.00

NA

-

-

>7000 Total

           

30,000

7,980