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Poor demand for G9 grade coal in January e-auction

05 Feb 2015

February 5: G9 grade coal (GCV ranging between 4,601-4,900 Kcal/kg) offered on the coaljunction e-auction platform in January 2015 met with poor demand as out of the entire offered quantity of 75,300 tons of coal, 26,400 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 2,483/ton.

This grade offered in December 2014 met with poor demand as out of the entire offered quantity of 20,000 tons of coal, 3,500 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 1,572/ton.

However, G9 grade coal offered on this platform in November 2014 met with moderate demand as out of the entire offered quantity of 326,400 tons of coal, 263,840 tons got allotted and the weighted average price of the allotted quantity during the month stood at Rs 2,418/ton.

Following are the details of the e-auction of G9 grade coal in January 2015:


GCVRange

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 (%)

4601-4900

G9

CRUROM

WCL

6-Jan-15

Road

UKNI OC (Cost plus)

60,000

16,520

2,737

2,827

2,827

3

-

4601-4900

G9

SLURRY

WCL

6-Jan-15

Road

NANDAN WASHERY

15,000

9,880

1,590

1,908

1,908

20

-

4601-4900

G9

 

CCL

28-Jan-15

Road

SAWANG W REJECTS

300

No bid

1,310

1,572

NA

-

-

4601-4900 Total

           

75,300

26,400