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Very high demand for G11 grade in Mar e-auction

05 Apr 2016

Very strong demand was witnessed for G11 grade coal (GCV range of 4,001 -4,300 Kcal/kg) as the entire quantity of 300,000 tons offered by SECL for sale through coaljunction in March 2016, got allotted at an average weighted price of Rs 1,226, according to data available with ICMW.

 

Similarly, very strong demand was witnessed for G11 grade in February 2016 on coaljunction as out of 1,000,000 tons offered by SECL, MCL and CCL, 765,680 tons got allotted at a weighted average price of Rs 1,204.

 

Strong demand was witnessed for G11 grade in January 2016 too as the entire 390,000 tons offered by SECL and CCL for sale got allotted at an average weighted price of Rs 1,296.

 

Following are details of e-auction of G11 grade coal in March 2016 on coaljunction:

 

GCV Range

Grade / GCV Band

Size

Name of the client

Event Date

Mode of Despatch

Ex Location

Qty offered    (in Tons)

Qty Alloted          (in Tons)

Notified Price (in Rs./Ton)

Reserve Price (in Rs./Ton)

Average Price (in Rs./Ton)

 % Increase over Notified Price (%)

 % Increase Over Reserve Price (%)

4001-4300

G11

ROM

SECL

08-Mar-16

ROAD

Gevra OC(Stock)

         300,000

         300,000

                 950

               1,140

                 1,226

                             29

                               8

4001-4300 Total

 

 

 

 

 

 

        300,000

       300,000