What are the Commodities Traded on the MCX Market?
Yes, the MCX market allows trading of various commodities. The Multi Commodity Exchange of India Limited, abbreviated as MCX, is an electronic commodity futures exchange based in Mumbai, India. It facilitates trading in multiple commodities, including agricultural products, non-ferrous and ferrous metals, energy, and bullion. In this article, we’ll explore in detail the commodities traded on the MCX Market and provide a comprehensive understanding of each.
Agricultural Products
Agricultural products form a significant portion of traded commodities on the MCX market. Some of the most popular agricultural commodities which are traded on the MCX are:
- Cardamom
- Cotton
- CPO (Crude Palm Oil)
- Castor Seed
- Jeera (Cumin Seed)
- Kapas (Cotton Seed)
- Pepper
- Refined Soy Oil
- Soybean
- Sugar M
- Turmeric
- Wheat
Non-Ferrous and Ferrous Metals
Other than agricultural products, MCX also facilitates trading of non-ferrous and ferrous metals. Some of the most popular traded non-ferrous and ferrous metals on the MCX market include:
- Aluminum
- Brass
- Copper
- Gold
- Lead
- Nickel
- Platinum
- Silver
- Zinc
Energy
MCX also facilitates trading in energy commodities. Some of the popular energy commodities traded on the MCX market include:
- Crude Oil
- Crude Palm Oil
- Natural Gas
Bullion
Finally, MCX also facilitates trading of bullion. Popular bullion commodities traded on the MCX market include:
- Gold
- Silver
Benefits of Trading on the MCX Market
Now that we have explored the commodities traded on the MCX market, let’s examine some of the benefits of trading on this market:
- Access to multiple commodities to diversify investment portfolio
- Active market with high liquidity
- Transparency in the pricing mechanism for all traded commodities
- Leverage facility available for better capital utilization
- Well-regulated exchange platform to protect traders’ interests
By Astrobulls research pvt ltd