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Strong show for G10 grade of coal in April e-auction

05 May 2015

May 5: Shaking off the rather poor show in March, G10 grade coal (GCV range 4,301 and 4,600 Kcal/kg) came with strong offering through the e-auction platform of coaljunction during April 2015 which saw very strong demand as average price gone northward.

The offered quantity in April from SECL, CCL and NCL rose to 393,410 with the allotted quantity at 383,410 tons and the weighted average price at Rs 1,826 per ton.

However, the offered quantity in March from WCL rose to 195,000, but the allotted quantity stood at 113,800 tons and the weighted average price was at Rs 1,463 per ton.

In February 2015, strong demand was witnessed for G10 grade on coaljunction as the entire offered quantity of 1,00,000 tons got allotted at a weighted average price of Rs 2,184 per ton.

Following are the details of the e-auction of G10 grade in March 2015 on coaljunction:

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 (%)

4301-4600

G10

ROM

SECL

11-Apr-15

ROAD

Dipka Expn (Stock)

2,00,000

2,00,000

1,160

1,392

1,950

68

40

4301-4600

G10

 

CCL

23-Apr-15

ROAD

PIPARWAR SLURRY (MECHANICAL LOADING)

10,000

No Bid

1,160

1,392

-

-

-

4301-4600

G10

ROM

CCL

23-Apr-15

ROAD

KDH

30,000

30,000

1,160

1,392

1,972

70

42

4301-4600

G10

Crushed ROM

NCL

24-Apr-15

ROAD

Jhingurda

70,000

70,000

1,160

1,392

1,395

20

0.20

4301-4600

G10

Crushed ROM

NCL

24-Apr-15

ROAD

Kakri

25,000

25,000

1,160

1,392

2,260

95

62

4301-4600

G10

Crushed ROM

NCL

24-Apr-15

RAIL

Jhingurda

58,410

58,410

1,160

1,392

1,661

43

19

4301-4600 Total

           

3,93,410

3,83,410