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Coal news and updates

Slightly poor demand of coking coal at March e-auction

07 Apr 2015

April 7: Washery grade coking coal (W2, W3, W4) offered by two CIL subsidiaries – BCCL and CCL – in March on coaljunction platform met with comparatively poor response on low demand from steel makers, but prices rose a bit on reduction in offered quantity.

Of the total offered quantity of 197,100 during the month, 177,980 tons or 90% of the offered quantity was allotted. In February 2015, the entire offered quantity of 259,450 tons got allotted.

However, the average weighted realised price in March rose to Rs 4,190 per ton from Rs 3,755 per ton February largely on account of reduced offering, industry sources said.

Washery grade coking coal offered on the platform in January 2015 had also met with very good demand as the entire offered quantity of 145,150 tons of coal got allotted during the month. The weighted average price of the allotted quantity during the month stood at Rs 3,587/ton. W2 was not offered in January 2015.

Following are the details of e-auction of coking coal in March:

Grade

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 (%)

WTD AVG

W2

SLURRY

BCCL

18-Mar-15

ROAD

Patherdih

10,850

900

3,413

4,437

4,437

30

-

 

W2

SLURRY

BCCL

18-Mar-15

ROAD

Moonidih

10,250

7,100

3,413

4,437

4,437

30

-

 

W2

SLURRY

BCCL

18-Mar-15

RAIL

Patherdih

8,000

4,000

3,413

4,437

4,437

30

-

 

W3

STM

BCCL

18-Mar-15

ROAD

Jamunia OCP SSY

10,000

10,000

1,950

2,535

4,587

135

81

 

W3

STM

BCCL

18-Mar-15

ROAD

Govindpur

1,000

1,000

1,950

2,535

3,694

89

46

 

W3

STM

BCCL

18-Mar-15

ROAD

Block IV

1,000

1,000

1,950

2,535

2,685

38

6

 

W3

STM

BCCL

18-Mar-15

ROAD

Jogidih

500

500

1,950

2,535

2,885

48

14

 

W3

STM

BCCL

18-Mar-15

ROAD

Akashkinaree

2,000

2,000

1,950

2,535

3,664

88

45

 

W3

STM

BCCL

18-Mar-15

ROAD

Akashkinaree

5,000

5,000

1,950

2,535

4,595

136

81

 

W3

STM

BCCL

18-Mar-15

ROAD

West Mudidih SSY

30,000

30,000

1,950

2,535

4,694

141

85

 

W3

STM

BCCL

18-Mar-15

ROAD

S.Bansjora

6,000

6,000

1,950

2,535

4,132

112

63

 

W3

STM

BCCL

18-Mar-15

ROAD

KUYA OCP OUTSOURCED

20,000

20,000

1,950

2,535

4,353

123

72

 

W3

STM

BCCL

18-Mar-15

ROAD

Kuya OCP

9,000

9,000

1,950

2,535

3,809

95

50

 

W3

STM

BCCL

18-Mar-15

ROAD

NTST OCP

20,000

20,000

1,950

2,535

4,479

130

77

 

W3

STM

BCCL

18-Mar-15

ROAD

BARAREE 6 PIT

3,000

3,000

1,950

2,535

3,457

77

36

 

W3

STM

BCCL

18-Mar-15

ROAD

Jeenagora OCP

6,000

6,000

1,950

2,535

3,989

105

57

 

W3

STM

CCL

27-Mar-15

ROAD

KONAR

3,000

1,000

1,740

2,262

2,270

30

0.35

 

W3

STM

CCL

27-Mar-15

ROAD

Govindpur Phase-II

3,000

2,980

1,740

2,262

3,020

74

34

 

W3

ROM(MP)

CCL

27-Mar-15

ROAD

DHORI

13,500

13,500

1,740

2,262

4,294

147

90

 

W4

SLURRY

BCCL

18-Mar-15

ROAD

Dugda

5,000

5,000

2,415

3,140

3,936

63

25

 

W4

SLURRY

BCCL

18-Mar-15

ROAD

SUDAMDIH

10,000

10,000

2,415

3,140

3,680

52

17

 

W4

ROM

CCL

27-Mar-15

ROAD

SEL DHORI Q-III

20,000

20,000

1,460

1,898

3,596

146

89

 

W2, W3 & W4 Total

         

1,97,100

1,77,980

         

4,190