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MCX Metal Deliveries Surpassed One Lakh Tonnes Mark

Metal News - Published on Thu, 24 Sep 2020

Image Source: MCX Metal Deliveries
India's largest commodity derivatives exchange Multi-Commodity Exchange of India Limited has witnessed delivery of 1,06,814 tonnes in the five base metal contracts viz. Aluminium, Copper, Lead, Nickel and Zinc, which were converted into compulsory delivery contracts in a phased manner since the beginning of the calendar year 2019. Out of the total deliveries of metal, Aluminium accounted for 30,771 tonnes, Copper 24,852.50 tonnes, Lead 10,517 tonnes, Nickel 3,646.50 tonnes and Zinc 37,027 tonnes respectively after completion of their August contract delivery cycle. Significantly, Nickel witnessed highest ever delivery of 999 tonnes during this August cycle.

MCX has also started the process of Empanelment of domestic refined Lead brands to encourage more domestic consumers and refiners to participate on the Exchange, which has issued eligibility criteria for domestically refined Lead brands to get registered for MCX good delivery. At present, only LME approved brands are accepted.

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Posted By : Yogender Pancholi on Thu, 24 Sep 2020
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