Saturday,February 26,
With excess supply and moderate demand in domestic market, coal prices went down by Rs 50-200/MT. Hike seen in the freight rates due to excess supply.* The auctions held on 25th Feb for SECL’S Gevra mines showed a fall in price by Rs 64/MT and average winning price knocked at Rs 994.18/MT. MCL’s Lingraj mine’s average winning price showed a sharp decline of Rs 260/MT and closed at Rs1593./MT.Market players believed 30% rise in basic value of coal prices in forthcoming coal auctions.
Leave a Reply