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Very poor demand for G9 grade in November e-auction

08 Dec 2015

India Coal Market Watch

December 7: Very poor demand was witnessed in the e-auction of G9 grade coal (GCV ranging between 4,601-4,900 Kcal/kg) on the coaljunction platform in November 2015 as out of the entire offering of 253,200 tons by CCL and WCL, only 9,340 tons were allotted at a weighted average price of Rs 1,942 per ton, according to data available with ICMW.

 Low demand was witnessed in the e-auction of G9 grade on coaljunction in October 2015 as out of the entire offering of 301,350 tons by CCL and WCL, 136,230 tons were allotted at a weighted average price of Rs 2,449 per ton.

 In September, fair demand was witnessed in the auction of this grade of coal as out of the entire offering of 293,400 tons by CCL and WCL, around 180,840 tons were allotted at a weighted average price of Rs 2,387 per ton.

 Following are the details of the e-auction of G9 grade on coaljunction in November 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./t)

Reserve Price (Rs./t)

Average Price in Rs/Mt

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

4601-4900

G9

SLURRY

WCL

23-Nov-15

ROAD

NANDAN WASHERY

25,000

330

1,590

1,908

1,908

20

-

4601-4900

G9

CRUROM

WCL

23-Nov-15

ROAD

KOLARPIMPRI

3,200

3,200

1,570

1,974

2,617

67

33

4601-4900

G9

ROM

CCL

30-Nov-15

ROAD

PURNADIH

25,000

760

1,310

1,572

1,572

20

-

4601-4900

G9

ROM

CCL

30-Nov-15

ROAD

MASILONG COAL SALES CENTRE, MAGADH

2,00,000

5,050

1,310

1,572

1,572

20

-

4601-4900 Total

 

 

 

 

 

 

2,53,200

9,340