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Nil demand for G2 grade in January on coaljunction

03 Feb 2016

There was nil demand for G2 (GCV between 6,700 and 7,000 Kcal/kg) in January 2016 on coaljunction as there was no bid for the offered quantity of 1,000 tons by Eastern Coalfields Limited (ECL), according to data available with ICMW.

 

Meanwhile, there was poor demand G2 in December 2015 on coaljunction as out of the offered quantity of 51,000 tons by ECL and North Eastern Coalfields (NEC), only a small volume of 4,160 tons got allotted at a weighted average price of Rs 4,873 per ton.

 

However, there were no offerings of G2 grades of coal on the e-auction platform of coaljunction by Coal India (CIL) subsidiaries in November 2015.

 

Following table provides details of the e-auction of G2 grade coal on coaljunction in January 2016:

 

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 (%)

6701-7000

G2

STM

ECL

28-Jan-16

Madhusudanpur::Kajora (R-IX)

ROAD

              1,000

 No Bid

                    5,050

                    5,050

                         -  

                             -  

                              -  

6701-7000 Total

 

 

 

 

 

 

             1,000

                -