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High demand for G11 grade in January e-auction

04 Feb 2016

Strong demand was witnessed for G11 grade coal (GCV range 4,001 and 4,300 Kcal/kg) as the entire 390,000 tons offered by SECL and CCL for sale through the e-auction platform of coaljunction in January 2016, got allotted an average weighted price of Rs 1,296, according to data available with ICMW.

 

Similar kind of strong demand was witnessed for G11 grade in December 2015 as the entire volume of 300,000 tons offered by SECL for sale through coaljunction got allotted at an average weighted price of Rs 1,152.

 

Meanwhile, strong demand was witnessed for G11 grade in November 2015, as out of 600,000 tons offered by CCL and SECL on coaljunction, as much as 515,560 tons got allotted an average weighted price of Rs 1,323.

 

Following are the details of e-auction of G11 grade coal in January 2016 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 (%)

4001-4300

G11

ROM

SECL

19-Jan-16

Gevra OC(Stock)

ROAD

          3,00,000

       3,00,000

                       950

                    1,140

                    1,281

                             35

                             12

4001-4300

G11

ROM

CCL

29-Jan-16

PIPARWAR Coal Dump

ROAD

             90,000

         90,000

                       950

                    1,140

                    1,344

                             41

                             18

4001-4300 Total

 

 

 

 

 

 

        3,90,000

     3,90,000