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Very strong demand for G7 in Feb on other platform

01 Apr 2016

There was very strong demand for G7 grade (GCV ranging from 5,201 to 5,500 Kcal/kg) coal offered by subsidiaries of CIL for allotment through MSTC during February 2016 as out of the entire offered quantity of 46,300 tons, 41,860 tons got allotted at a weighted average price of Rs 2,802 per ton, as per data available with ICMW.

On the other hand, there was low demand for G7 grade coal offered by subsidiaries of CIL for allotment through MSTC during January 2016 as out of the entire offered quantity of 68,000 tons, 16,600 tons got allotted at a weighted average price of Rs 2,912 per ton.

However, there was strong demand for G7 grade coal offered by subsidiaries of CIL for allotment through MSTC during December 2015 as the out of entire offered quantity of 24,900 tons, 16,510 tons got allotted at a weighted average price of Rs 2,466 per ton.

Following are details of e-auction of G7 grade on MSTC in February 2016:

 

GCV Range

Grade / GCV Band

Size

Name of the client

Event Date

Mode of Despatch

Ex Location

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 (%)

5201-5500

G7

SLACK

WCL

20-Feb-16

ROAD

TAWA

             5,000

            2,910

                             2,290

                              2,748

                                2,748

                             20

                              -  

5201-5500

G7

ROM

SECL

9-Feb-16

ROAD

Amgaon OC (Stock)

           31,000

           31,000

                             1,890

                              2,268

                                2,691

                             42

                             19

5201-5500

G7

SLK

SECL

9-Feb-16

ROAD

Pali

             3,000

               650

                             1,910

                              2,292

                                2,294

                             20

                               0

5201-5500

G7

SLACK

WCL

6-Feb-16

ROAD

TAWA II

             5,000

            5,000

                             2,290

                              2,748

                                3,453

                             51

                             26

5201-5500

G7

STEAM

WCL

6-Feb-16

ROAD

MANA

                550

               550

                             2,450

                              2,940

                                3,171

                             29

                               8

5201-5500

G7

STEAM

WCL

6-Feb-16

ROAD

SILEWARA AB

             1,750

            1,750

                             2,450

                              2,940

                                3,076

                             26

                               5

5201-5500 Total

 

 

 

 

 

 

          46,300

         41,860