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Strong demand for G10 in March on coaljunction

05 Apr 2016

Strong demand was seen during the e-auction of G10 grade coal (GCV range of 4,301 - 4,600 Kcal/kg) on coaljunction in March 2016 as out of the entire offering of 249,000 tons by WCL, 159,820 tons were allotted at a weighted average price of Rs 1,825 per ton, according to data available with ICMW

 

Similarly, strong demand was witnessed in the e-auction of G10 grade coal on coaljunction in February 2016 as out of the entire offering of 350,000 tons by CCL, MCL and SECL, 230,000 tons got allotted at a weighted average price of Rs 1,599 per ton.

 

However, there was no demand for G10 grade coal on coaljunction in January 2016, as there were no bids for the 20,000 tons offered by CCL.

 

Following are details of the e-auction of G10 grade in March 2016 on coaljunction:

 

GCV Range

Grade / GCV Band

Size

Name of the client

Event Date

Mode of Despatch

Ex Location

Qty offered    (in Tons)

Qty Alloted          (in Tons)

Notified Price (in Rs./Ton)

Reserve Price (in Rs./Ton)

Average Price (in Rs./Ton)

 % Increase over Notified Price (%)

 % Increase Over Reserve Price (%)

4301-4600

G10

CRUROM

WCL

15-Mar-16

ROAD

PENGANGA OC

           50,000

           50,000

               1,390

               1,758

                 1,812

                             30

                               3

4301-4600

G10

CRUROM

WCL

21-Mar-16

ROAD

BHANEGAON OC

           45,000

           43,820

               1,390

               1,758

                 1,758

                             26

                              -  

4301-4600

G10

CRUROM

WCL

21-Mar-16

RAIL

GHUGUS NEW SIDING (PENGANGA OC)

           60,000

           16,000

               1,390

               1,668

                 1,668

                             20

                              -  

4301-4600

G10

CRUROM

WCL

29-Mar-16

ROAD

PENGANGA OC

           50,000

           50,000

               1,390

               1,758

                 1,948

                             40

                             11

4301-4600

G10

CRUROM

WCL

29-Mar-16

RAIL

GHUGUS NEW SIDING (PENGANGA OC)

           44,000

 No Bid

               1,390

               1,668

 NA

                             -  

                              -  

4301-4600 Total

 

 

 

 

 

 

        249,000

       159,820