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Strong demand for G16 in November on other platform

23 Dec 2015

India Coal Market Watch

December 23: Strong demand was witnessed in November 2015 for G16 (GCV 2,501 to 2,800 Kcal/kg) grade offered by CIL subsidiaries through MSTC as out of 140,000 tons, 113,880 tons got allotted at a weighted average price of Rs 1,045 per ton, as per data available with ICMW.

Similar kind of strong demand was witnessed in October 2015 for G16 grade offered by CIL subsidiaries through MSTC as out of 80,000 tons, 77,560 tons got allotted at a weighted average price of Rs 1,068 per ton. 

However, G16 grade was not offered in September 2015 by CIL subsidiaries for allotment through the MSTC platform.

Following are details of the e-auction of G16 grade on MSTC in November 2015: 

GCV Range

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 (%)

2501-2800

G16

ROM

SECL

23-Nov-15

ROAD

Gare Pelma IV/2&3

            1,00,000

           1,00,000

                                  610

                                  732

                               1,089

                           79

                           49

2501-2800

G16

n

CCL

27-Nov-15

ROAD

KARGALI W REJECTS (P/L)

              40,000

              13,880

                                  610

                                  732

                                  732

                           20

                           -  

2501-2800 Total

 

 

 

 

 

 

          1,40,000

          1,13,880