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Coal news and updates

Strong demand for G3 grade coal in June e-auction

07 Jul 2014

July 7: There was strong demand for G3 grade coal (GCV ranging between 6,400 Kcal/kg and 6,700 Kcal/kg) on the e-auction platform of coaljunction in June 2014 as the entire offered quantity of 1,500 tons got allotted at a weighted average price of Rs 4,481/ton.

On the other hand, there was good demand for G3 grade coal on the e-auction platform of coaljunction in May 2014 as 94.83% of the offered quantity got allotted. Out of a total quantity of 31,850 tons offered, 30,203 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 4,895/ton.

However, there was strong demand for G3 grade coal on the e-auction platform of coaljunction in April 2014 as 99.38% of the offered quantity got allotted. Out of a total quantity of 6,500 tons offered, 6,460 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 4,458/ton.

Following are the details:

GCV Range

Grade / GCV Band

Size

Name of The Company

e-Auction Date

Ex Location

Mode of Despatch

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 (%)

6401-6700

G3

 

CCL

27-Jun-14

SAUNDA

Road

1,000

1,000

4,070.00

4,070.00

4,088.00

0

0

6401-6700

G3

 

CCL

27-Jun-14

SIRKA

Road

500

500

4,070.00

4,070.00

5,267.20

29

29

6401-6700 Total

           

1,500

1,500