Contract Specifications for Zinc Trading on MCX
I will provide you with the contract specifications for zinc trading on MCX.
Introduction to Zinc Trading on MCX
Zinc is a popular metal used in various industries, including construction, automotive, and electronics. It is traded as a commodity on the Multi Commodity Exchange (MCX), allowing investors and traders to participate in its price movements.
Contract Specifications
When trading zinc on MCX, it is important to understand the key contract specifications.
Zinc Symbol and Lot Size
The symbol for zinc on MCX is ZINC. The lot size represents the quantity of zinc in a single contract. For zinc, the lot size on MCX is 25 metric
tons.
Zinc Trading Hours
The trading hours for zinc on MCX are as follows:
- Monday to Friday: 10:00 AM to 11:30 PM
- Saturday: 10:00 AM to 2:00 PM
Price Quote and Tick Size
Zinc prices on MCX are quoted in Indian Rupees (INR) per 100 kilograms. The tick size represents the minimum price movement for zinc contracts. For zinc, the tick size on MCX is 0.50 INR.
Price Limits
To ensure fair market behavior and price stability, MCX has implemented price limits for zinc trading. These price limits define the maximum permissible price movement in a single trading day. The daily price limit for zinc contracts on MCX is 4% of the previous day’s settlement price.
Delivery Centers
MCX has designated specific delivery centers for zinc contracts. The delivery centers for zinc on MCX include various locations across India.
Conclusion
Understanding the contract specifications for zinc trading on MCX is essential for anyone looking to participate in this market. By knowing the symbol, lot size, trading hours, price quote, tick size, price limits, and delivery centers, traders can make informed decisions and manage their risk effectively.
By Astrobulls research pvt ltd