Very strong demand for G16 grade in December e-auction
07 Jan 2016
Very strong demand was witnessed in the e-auction of G16 (GCV between 2,501 and 2,801 Kcal/kg) on the coaljunction platform in December 2015 as the entire offering of 300,000 tons by SECL got allotted at a weighted average price of Rs 735 per ton, according to data available with ICMW.
However, there were no offerings of G16 grades of coal on the e-auction platform of coaljunction in October and November, 2015
Following are the details of e-auction of G16 grade coal in December 2015 on coaljunction:
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 (%) |
2501-2800 |
G16 |
ROM |
SECL |
11-Dec-15 |
Gare Pelma IV/2&3 |
ROAD |
3,00,000 |
3,00,000 |
610 |
732 |
735 |
21 |
0.43 |
2501-2800 Total |
|
|
|
|
|
|
3,00,000 |
3,00,000 |
|
|
|
|
|