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Poor demand for G8 grade in January e-auction

24 Feb 2015

February 24: A more or less poor demand was witnessed for G8 grade (GCV 4,901 to 5,200 Kcal/kg) coal offered on the MSTC platform by CIL subsidiaries in January 2015 as out of the offered quantity of 78,710 tons of coal, only 22,370 tons got allotted at a weighted average price of Rs 3,048 per ton.

In fact, moderate demand was witnessed for this grade in December 2014 as out of the offered quantity of 311,340 tons, 265,800 tons got allotted at a weighted average price of Rs 2,195 per ton.

However, very strong demand was witnessed for this grade in November 2014 as the entire offered quantity of 20,000 tons got allotted at a weighted average price of Rs 2,243 per ton.

Following are the details of G8 grade e-auction in January 2015:

GCV

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 (%)

4901-5200

G8

ROM

CCL

30-Jan-15

ROAD

GIRIDIH

10,000

-

-

-

-

-

-

4901-5200

G8

STM

MCL

20-Jan-15

ROAD

HBI

20,000

-

-

-

-

-

-

4901-5200

G8

CRUROM

WCL

16-Jan-15

ROAD

NEELJAY (S)

36,500

12,660

2,030

2,577

2,577

27

-

4901-5200

G8

STEAM

WCL

16-Jan-15

ROAD

MOHAN 9/10 MOURI. INC

1,500

1,500

2,210

2,652

3,904

77

47

4901-5200

G8

CRUROM

WCL

16-Jan-15

ROAD

MORPAR UG

2,500

-

-

-

-

-

-

5050

G8

STM

ECL

27-Jan-15

ROAD

RAJMAHAL OCP : Seam III, II & Comb, III & II Top, II Top & II Bottom

8,210

8,210

2,260

2,712

3,617

60

33

4901-5200 Total

           

78,710

22,370