Poor demand for G8 grade in January e-auction
24 Feb 2015
February 24: A more or less poor demand was witnessed for G8 grade (GCV 4,901 to 5,200 Kcal/kg) coal offered on the MSTC platform by CIL subsidiaries in January 2015 as out of the offered quantity of 78,710 tons of coal, only 22,370 tons got allotted at a weighted average price of Rs 3,048 per ton.
In fact, moderate demand was witnessed for this grade in December 2014 as out of the offered quantity of 311,340 tons, 265,800 tons got allotted at a weighted average price of Rs 2,195 per ton.
However, very strong demand was witnessed for this grade in November 2014 as the entire offered quantity of 20,000 tons got allotted at a weighted average price of Rs 2,243 per ton.
Following are the details of G8 grade e-auction in January 2015:
GCV |
Grade |
Size |
Company Name |
Event Date |
Mode |
Colliery |
Qty offered (In tons) |
Qty Alloted (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 (%) |
4901-5200 |
G8 |
ROM |
CCL |
30-Jan-15 |
ROAD |
GIRIDIH |
10,000 |
- |
- |
- |
- |
- |
- |
4901-5200 |
G8 |
STM |
MCL |
20-Jan-15 |
ROAD |
HBI |
20,000 |
- |
- |
- |
- |
- |
- |
4901-5200 |
G8 |
CRUROM |
WCL |
16-Jan-15 |
ROAD |
NEELJAY (S) |
36,500 |
12,660 |
2,030 |
2,577 |
2,577 |
27 |
- |
4901-5200 |
G8 |
STEAM |
WCL |
16-Jan-15 |
ROAD |
MOHAN 9/10 MOURI. INC |
1,500 |
1,500 |
2,210 |
2,652 |
3,904 |
77 |
47 |
4901-5200 |
G8 |
CRUROM |
WCL |
16-Jan-15 |
ROAD |
MORPAR UG |
2,500 |
- |
- |
- |
- |
- |
- |
5050 |
G8 |
STM |
ECL |
27-Jan-15 |
ROAD |
RAJMAHAL OCP : Seam III, II & Comb, III & II Top, II Top & II Bottom |
8,210 |
8,210 |
2,260 |
2,712 |
3,617 |
60 |
33 |
4901-5200 Total |
78,710 |
22,370 |