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Poor demand for mixed grades in Feb e-auction

03 Mar 2016

After a gap of one month, poor demand was witnessed for mixed grades as out of an offered quantity of 110,000 tons by Western Coalfields Ltd (WCL), only 16,950 tons were allotted through coaljunction in February 2016 at a weighted average of Rs 2,727 per ton, as per data available with ICMW.

 

There was no offering of mixed grades in January 2016 on coaljunction, according to data available with ICMW.

 

However, there was better demand for mixed grades in December 2015 on coaljunction as out of the 85,900 tons offered by WCL, 52,480 tons got allotted at a weighted average price of Rs 3,316 per ton.

 

Following are the details of the e-auction of mixed grades in February 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 (%)

4601-5800

MIX

MIX

WCL

29-Feb-16

GOURI EXP OC

ROAD

            5,100

               200

               2,298

               2,758

                 2,758

                             20

                              -  

4601-5800

MIX

MIX

WCL

29-Feb-16

Sasti OC

ROAD

          16,260

            6,690

               2,298

               2,758

                 2,758

                             20

                              -  

4601-5500

MIX

MIX

WCL

29-Feb-16

GHORAWARI QUARRY (16/17 PATCH)

ROAD

            3,230

            1,960

               2,106

               2,528

                 2,528

                             20

                              -  

5501-5800

MIX

MIX

WCL

29-Feb-16

Nehariya UG

ROAD

          17,200

 No Bid

               2,706

               3,248

                      -  

                             -  

                              -  

4901-5500

MIX

MIX

WCL

29-Feb-16

GOKUL OC

ROAD

          43,210

            8,100

               2,290

               2,748

                 2,748

                             20

                              -  

4901-5800

MIX

MIX

WCL

29-Feb-16

KUMBHARKHANI INCLINE

ROAD

          25,000

 No Bid

               2,482

               2,979

                      -  

                             -  

                              -  

MIX Total

 

 

 

 

 

 

      1,10,000

         16,950