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New UserNil demand for G3 grade coal in November e-auction
08 Dec 2015
India Coal Market Watch
December 7: There was nil demand for 10,000 tons of G3 grade coal (GCV between 6,401 and 6,700 Kcal/kg) offered by South Eastern Coalfields (SECL) for allotment through coaljunction in November 2015, as per data available with ICMW.
However, strong demand was witnessed for G3 grade coal offered by SECL for allocation through e-auction on coaljunction in October 28, 2015, as almost the entire offered quantity was allotted during the month. A total of 8,500 tons of this grade was offered on coaljunction in October of which 8,490 tons got allotted at a weighted average price of Rs 5,518 per ton.
However, no demand was witnessed for G3 grade offered by SECL in September 2015, as there was no bid for the offered quantity of 38,940 tons.
Following table provides details of G3 grade coal e-auction on coaljunction in November 2015:
|
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 in Rs/Mt |
% Increase over Notified Price (%) |
% Increase Over Reserve Price (%) |
|
6401-6700 |
G3 |
ROM |
SECL |
20-Nov-15 |
ROAD |
Haldibari (Bunker) |
10,000 |
No Bid |
3,890 |
3,890 |
NA |
- |
- |
|
6401-6700 Total |
|
|
|
|
|
|
10,000 |
- |
|
|
|
|
|