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G11 grade sees very strong demand in Sept e-auction

10 Oct 2014

October 10: Very strong demand was witnessed for G11 grade coal (GCV range 4,001 and 4,300 Kcal/kg) in September 2014 on coaljunction’s e-auction platform as the entire offered quantity of 95,000 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 2,383/ton.

Strong demand was also witnessed for G11 grade coal in August 2014 as the entire offered quantity of 25,000 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 2,942/ton.

Similar strong demand was witnessed for G11 grade during July since out of the 369,000 tons offered, 368,990 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 2,285/ton.

Following are the details of e-auction of G11 grade coal in September 2014:

GCV Range

Grade / GCV Band

Size

Name of The Company

e-Auction Date

Mode of Despatch

Ex Location

Quantity Offered (t)

Quantity Allotted (t)

Notified Price (Rs/t)

Reserve Price (Rs/t)

Average Price (Rs/t)

% Increase over Notified Price (%)

% Increase Over Reserve Price (%)

4001-4300

G11

 

CCL

29-Sep-14

Road

PIPARWAR W.REJECTS

35,000

35,000

950.00

1,140.00

2,832.09

198

148

4001-4300

G11

 

CCL

29-Sep-14

Road

GIDI W REJECTS

25,000

25,000

950.00

1,140.00

1,329.98

40

17

4001-4300

G11

 

CCL

29-Sep-14

Road

KEDLA W. REJECTS

10,000

10,000

950.00

1,140.00

1,936.97

104

70

4001-4300

G11

 

CCL

29-Sep-14

Road

AMRAPALI COAL SALES CENTRE

25,000

25,000

950.00

1,140.00

2,985.78

214

162

4001-4300 Total

 

 

 

 

 

 

95,000

95,000