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Strong demand for G-8 grade in Oct e-auction

28 Nov 2014

November 28: Very strong demand was witnessed for G-8 grade (GCV 4,901 to 5,200 Kcal/kg) coal offered on the MSTC platform by CCL and SECL in October 2014 as the entire offered quantity of 94,000 tons got allotted at a weighted average price of Rs 3,941 per ton.

Meanwhile, moderate demand was witnessed for this grade in September 2014 as out of 61,230 tons offered, 47,900 tons got allotted at a weighted average price of Rs 2,568 per ton.

There was, in fact, poor demand for this grade offered by CCL in August 2014 as 500 tons were offered from which only 200 tons got allotted at a weighted average price of Rs 2,028 per ton.

Following are the details of G-8 grade e-auction in October 2014:

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

REJECTS

CCL

31-Oct-14

ROAD

KATHARA W. REJECTS (HEAP NO.18B)

4,000

4,000

1,690

2,028

2,039

21

1

4901-5200

G8

ROM

SECL

28-Oct-14

ROAD

Baroud OC

90,000

90,000

1,690

2,028

4,026

138

99

4901-5200 Total

 

 

 

 

 

 

94,000

94,000