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Continued strong demand for G3 grades in March e-auction

07 Apr 2015

April 7: G3 grade (GCV between 6401 and 6700 Kcal/kg) continued to met with strong demand in e-auction in March as the entire offered quantity of 22,000 tons by ECL got allotted at weighted average price of Rs 6,459 per ton on the e-auction platform of coaljunction.

There was strong demand of this grade on this platform in February 2015 as well as the entire quantity of 23,270 tons offered by ECL allotted at a weighted average price of Rs 6378/ton.

The continued lower offerings in both the months appear to have led to higher realisations.

In January, there was fair demand for this grade of coal on coaljunction’s platform as out of the entire offered quantity of 53,500 tons of coal only 41,100 tons was allotted and that too at a weighted average price of Rs 5,593/ton.

Following table provides detail of G3 grade e-auction on coaljunction platform in March 2015:

Grade

GCV

Size

Name of Company

e-Auction Date

Mode of Despatch

Location

Offered quantity

Alloted quantity

Reserve Price (Rs./t)

Average Price in Rs/Mt

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

WTD AVG

G3

6401-7000

STM

ECL

24-Mar-15

ROAD

CHITRA-A OC::Saharjori / Patrika

15,000

15,000

4,070

4,070

6,177

52

 

G3

6401-7000

STM

ECL

24-Mar-15

ROAD

JAMBAD : KENDA (R-VI)

4,000

4,000

4,070

4,070

7,336

80

 

G3

6401-7000

STM

ECL

24-Mar-15

ROAD

Khaskajora::Lower Kajora(R-VIIIT)

3,000

3,000

4,070

4,070

6,701

65

 

6401-6700 Total

           

22,000

22,000

       

6,459