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New UserStrong demand for ungraded coal in October e-auction
24 Nov 2015
India Coal Market Watch
November 23: Strong demand was witnessed for ungraded coal offered by CIL for allotment through the MSTC platform in October 2015 as the entire offerings of 15,000 tons got allotted at a weighted average price of Rs 648 per ton.
However, ungraded coal was not offered in September 2015 by CIL subsidiaries for allotment through MSTC, as per data available with ICMW.
As in October, strong demand was witnessed for ungraded coal offered by CIL for allotment through MSTC in August 2015 as the entire offerings of 10,000 tons got allotted at a weighted average price of Rs 654 per ton.
Following are details of the e-auction of ungraded on MSTC during October 2015:
|
GCV Range |
Grade |
Size |
Company Name |
Event Date |
Mode |
Colliery |
Qty offered (In tons) |
Qty Alloted (In tons) |
(ANP)Average Notified Price (in Rs) |
(ARP)Average Reserve Price (In Rs) |
(AAP) Average Auctioned Price (in Rs) |
% Increase over Notified Price (%) |
% Increase Over Reserve Price (%) |
|
UNGRADED |
UNGRADED |
ROM |
NCL |
29-Oct-15 |
ROAD |
Bina |
15,000 |
15,000 |
540 |
648 |
648 |
20 |
0.01 |
|
UNGRADED Total |
|
|
|
|
|
15,000 |
15,000 |
|
|
|
|
|