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Coal news and updates

Strong demand for coking coal in Apr e-auction

06 May 2015

May 6: Washery grade coking coal (W3, W4) offered by two CIL subsidiaries – BCCL and CCL – in April on coaljunction met with very strong demand from steel-makers and, consequently, prices fell a bit on the offered quantity.

The entire offered quantity of 149,300 tons during the month got allotted. On the other hand, of the total offered quantity of 197,100 tons during the month of March, 177,980 tons or 90% of the offered quantity was allotted.

However, the weighted average price in April fell to Rs 3,874 per ton from Rs 4,190 per ton in March.

In February 2015, the entire offered quantity of 259,450 tons got allotted at a weighted average price Rs 3,755 per ton in February.

Following are the details of e-auction of coking coal in April, 2015:

GCV Range

Grade / GCV Band

Size

Name of The Company

e-Auction Date

Mode of Despatch

Ex Location

Quantity Offered (t)

Quantity Allotted (t)

Notified Price (Rs./Ton)

Reserve Price (Rs./Ton)

Average Price in Rs/Ton

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

W3

 

STM

BCCL

22-Apr-15

ROAD

Muraidih SSY

5,000

5,000

1,950

2,535

2,812

44

11

W3

 

STM

BCCL

22-Apr-15

ROAD

Shatabdi

10,500

10,500

1,950

2,535

2,994

54

18

W3

 

STM

BCCL

22-Apr-15

ROAD

Benedih SSY

5,000

5,000

1,950

2,535

3,697

90

46

W3

 

STM

BCCL

22-Apr-15

ROAD

Nudkhurkee SSY

5,000

5,000

1,950

2,535

3,606

85

42

W3

 

STM

BCCL

22-Apr-15

ROAD

Nichitpur SSY

3,000

3,000

1,950

2,535

4,045

107

60

W3

 

STM

BCCL

22-Apr-15

ROAD

Tetulmari

6,000

6,000

1,950

2,535

4,393

125

73

W3

 

STM

BCCL

22-Apr-15

ROAD

Kusunda OCP

65,600

65,600

1,950

2,535

3,871

99

53

W3

 

STM

BCCL

22-Apr-15

ROAD

Dhansar

16,800

16,800

1,950

2,535

4,317

121

70

W3

 

STM

BCCL

22-Apr-15

ROAD

Godhur

1,500

1,500

1,950

2,535

3,011

54

19

W3

 

STM

BCCL

22-Apr-15

ROAD

GODHUR OCP 15 QRY

5,000

5,000

1,950

2,535

4,195

115

65

W3

 

STM

BCCL

22-Apr-15

ROAD

Bastacolla SSY

2,000

2,000

1,950

2,535

4,390

125

73

W3

 

STM

BCCL

22-Apr-15

ROAD

Bera

2,000

2,000

1,950

2,535

4,508

131

78

W3

 

STM

BCCL

22-Apr-15

ROAD

South Jharia

4,000

4,000

1,950

2,535

4,715

142

86

W3

 

STM

BCCL

22-Apr-15

ROAD

LOHAPATTI 16/17 INC.

150

150

1,950

2,535

2,842

46

12

W3

 

STM

CCL

23-Apr-15

ROAD

Tarmi OS

1,050

1,050

1,740

2,262

3,970

128

76

W3

 

STM

CCL

23-Apr-15

ROAD

PUNDI

2,000

2,000

1,740

2,262

3,588

106

59

W3

 

STM

CCL

23-Apr-15

ROAD

KEDLA OCP

4,700

4,700

1,740

2,262

4,770

174

111

W4

 

ROM

CCL

23-Apr-15

ROAD

SEL DHORI Q-III

10,000

10,000

1,460

1,898

3,506

140

85

W3 & W4 Total

 

 

 

 

 

 

1,49,300

1,49,300