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Very strong demand for G-12 grade coal in April e-auction

07 May 2014

May 7: A very strong demand was witnessed for G-12 (GCV between 3,700 and 4,000 Kcal/kg) grade coal offered on the e-auctions platform of coaljunction during April 2014 as the entire offering of 15,000 tons of coal got allotted during the month. The weighted average price of the allotted quantity during the month stood at Rs 1,273/ton.

However, in March 2014, the entire offering of 270,000 tons of coal got allotted at a weighted average price of Rs 1,769/ton.

During February 2014 out of 1,283,500 tons offered, 1,218,200 tons got allotted. The weighted average price of the allotted quantity during the month stood at Rs 1,312/ton.

Following are the details of the e-auction of G12 grade in April 2014:

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 (%)

3701-4000

G12

Sized ROM

SECL

16-Apr-14

Baroud OC 

ROAD

      15,000

       15,000

          890

       1,068

       1,273

           43

            19

3701-4000 Total

 

 

 

 

 

 

15,000

15,000