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Very strong demand for G16 grade in December e-auction

07 Jan 2016

Very strong demand was witnessed in the e-auction of G16 (GCV between 2,501 and 2,801 Kcal/kg) on the coaljunction platform in December 2015 as the entire offering of 300,000 tons by SECL got allotted at a weighted average price of Rs 735 per ton, according to data available with ICMW.

 

However, there were no offerings of G16 grades of coal on the e-auction platform of coaljunction in October and November, 2015

 

Following are the details of e-auction of G16 grade coal in December 2015 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 (%)

2501-2800

G16

ROM

SECL

11-Dec-15

Gare Pelma IV/2&3

ROAD

          3,00,000

          3,00,000

                     610

                     732

                       735

                                21

                              0.43

2501-2800 Total

 

 

 

 

 

 

        3,00,000

         3,00,000