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Poor demand for G2 grade in December on coaljunction

07 Jan 2016

There was poor demand G2 (GCV between 6,700 and 7,000 Kcal/kg) in December 2015 on coaljunction as out of the offered quantity of 51,000 tons by Eastern Coalfields Limited (ECL) and North Eastern Coalfields (NEC), a quantity of 4,160 tons got allotted at a weighted average price of Rs 4,873 per ton, according to data available with ICMW.

 

However, there were no offerings of G2 grades of coal on the e-auction platform of coaljunction by Coal India (CIL) subsidiaries in October and November, 2015.

 

Following table provides details of G2 grade coal e-auction on coaljunction in December 2015:

 

GCV Range

Grade / GCV Band

Size

Name of The Company

e-Auction Date

Mode of Despatch

Ex Location

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 (%)

6701-7000

G2

ROM

NEC

07-Dec-15

Tikak

ROAD

            10,000

               4,100

                  4,870

                  4,870

                     4,870

                                -  

                                 -  

6701-7000

G2

ROM

NEC

07-Dec-15

Tirap

RAIL

            40,000

 No Bid

                  4,870

                  4,870

 NA

                                -  

                                 -  

6701-7000

G2

STM

ECL

28-Dec-15

Madhusudanpur::Kajora (R-IX)

ROAD

              1,000

                   60

                  5,050

                  5,050

                     5,050

                                -  

                                 -  

6701-7000 Total

 

 

 

 

 

 

           51,000

              4,160