.. E-auction Window Beginning To Spawn Market Rates For Coal
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11 Mar 2022

Summary

  • With the global demand for coal surging over the past few days, state-run Coal India (CIL) is relying on the newly-instituted single window for e-auction to fetch higher premiums. The new facility has come in handy for the coal miner, as domestic and international coal markets are increasingly moving towards price parity.

  • Average global coal prices across grades for the past week were around $ 437 per tonne (free on board), up more than 150% from a month ago, Market Insider, a minerals market tracker, said. New Castle futures recorded a price of $430/tonne, up around 145% from the level prevailing before the Ukraine-Russia conflict. The government has long bee......

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