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Very strong demand for G13 in October on other platform

24 Nov 2015

India Coal Market Watch

November 23: Very strong demand was witnessed in October 2015 for grade G13 (GCV 3,401 to 3,700 Kcal/kg) coal as the entire offered quantity of 310,000 tons on the MSTC platform by CIL subsidiaries got allotted at a weighted average price of Rs 1,578 per ton, as per data available with ICMW.

 Similar kind of demand was witnessed in September 2015 for grade G13 coal as the entire offered quantity of 505,000 tons on the MSTC platform by CIL subsidiaries got allotted at a weighted average price of Rs 1,414 per ton.

However, G13 grade was not offered in July and August, 2015 by CIL subsidiaries for allotment through MSTC, as per data available with ICMW.

Following are details of the e-auction of G13 grade on MSTC in 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 (%)

3401-3700

G13

ROM

MCL

13-Oct-15

ROAD

Lakhanpur

90,000

90,000

820

984

1,753

114

78

3401-3700

G13

ROM

MCL

13-Oct-15

ROAD

Samleswari

20,000

20,000

820

984

1,902

132

93

3401-3700

G13

ROM

MCL

13-Oct-15

ROAD

Balram

1,50,000

1,50,000

820

984

1,504

83

53

3401-3700

G13

ROM

MCL

13-Oct-15

ROAD

Hingula

50,000

50,000

820

984

1,358

66

38

3401-3700 Total

 

 

 

 

 

 

3,10,000

3,10,000