MCX launches futures trading in natural rubber with four contracts starting January 2021

The rubber futures are of compulsory delivery logic contracts. December 28, 2020 India Infoline News Service Multi-Commodity Exchange of India Ltd (MCX), India’s largest Exchange in the commodity derivatives segment, has launched futures trading in natural rubber. At present, four contracts of rubber futures viz. January 2021, February 2021, March 2021 and April 2021 contracts are made available for trading. The futures contract enables market participants to trade in rubber of ‘Ribbed Smoked Sheets4 (RSS4)’ quality for a minimum lot size of 1 MT. The rubber futures are of compulsory delivery logic contracts. They would finally be settled at expiry on the last business day of the contract month. The tick size (minimum price movement) for the contract is Re.1. Pegged at a minimum initial margin of 10%, the price to be quoted will be for 100 kg as per the ex-warehouse rates, exclusive of sales/GST with delivery centre at Palakkad, Kerala. MCX rubber futures are available for trading from 9.00am to 5.00pm on weekdays. The new rubber futures at the exchange aims at providing a fair and transparent price discovery mechanism that reflects fundamentals in the physical market, both domestic and global, to the rubber value chain participants including growers, traders, exporters, importers and end-users like the tyre industry. “Given the… continue reading

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Source: CTRM Center

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