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Very strong demand for G13 in Nov on other platform

23 Dec 2015

India Coal Market Watch

December 23: Very strong demand was witnessed in November 2015 for grade G13 (GCV 3,401 to 3,700 Kcal/kg) coal as the entire quantity of 380,000 tons offered on the MSTC platform by CIL subsidiaries got allotted at a weighted average price of Rs 1,351 per ton, as per data available with ICMW.

Similarly, very strong demand was witnessed in October 2015 for grade G13 as the entire offered quantity of 310,000 tons on MSTC got allotted at a weighted average price of Rs 1,578 per ton.

Similar kind of demand was witnessed in September 2015 for grade G13 coal as the entire offered quantity of 505,000 tons on MSTC got allotted at a weighted average price of Rs 1,414 per ton. 

Following are details of the e-auction of G13 grade on MSTC in November 2015: 

GCV Range

Grade

Size

Company Name

Event Date

Mode

Colliery

Qty offered    (In tons)

Qty Alloted          (In tons)

(ANP)Average Notified Price (in Rs)

(ARP)Average Reserve Price (In Rs)

(AAP) Average Auctioned Price (in Rs)

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

3401-3700

G13

ROM

MCL

19-Nov-15

ROAD

Lakhanpur

              60,000

              60,000

                                  820

                                  984

                               1,274

                           55

                           29

3401-3700

G13

ROM

MCL

19-Nov-15

ROAD

Samleswari

              20,000

              20,000

                                  820

                                  984

                               1,227

                           50

                           25

3401-3700

G13

ROM

MCL

19-Nov-15

ROAD

Balram

            1,50,000

           1,50,000

                                  820

                                  984

                               1,426

                           74

                           45

3401-3700

G13

ROM

MCL

19-Nov-15

ROAD

Hingula

            1,50,000

           1,50,000

                                  820

                                  984

                               1,323

                           61

                           34

3401-3700 Total

 

 

 

 

 

 

          3,80,000

          3,80,000