What are the contract specifications for mentha oil trading on MCX?
There are contract specifications for mentha oil trading on MCX. These specifications outline the details and requirements for trading mentha oil contracts on the MCX platform.
Contract Specifications for Mentha Oil Trading on MCX
MCX Mentha Oil Contract Details
Mentha oil contracts traded on MCX have the following specifications:
1. Quantity and Trading Unit
The trading unit for mentha oil contracts on MCX is 1 metric tonne (MT). Each contract represents 1 MT of mentha oil.
2. Price Quote and Tick Size
The price quote for mentha oil contracts is in rupees per kilogram (Rs/kg). The tick size, which is the minimum price movement, is 0.10 rupees per kilogram.
3. Delivery Centers
The delivery centers for mentha oil contracts are located in specified areas approved by MCX. Traders have the option to choose the applicable delivery center for their contracts.
4. Delivery and Expiry Dates
Mentha oil contracts on MCX have specific delivery and expiry dates. The delivery date is the date on which the physical delivery of the commodity can be made, while the expiry date is the last trading day for the contract.
5. Margin Requirements
MCX specifies margin requirements for trading mentha oil contracts, including initial margins and additional margins for positions held overnight.
6. Market Timings
The market timings for mentha oil trading on MCX are specified by the exchange. Traders can access the market during the designated trading hours.
Conclusion
Understanding the contract specifications for mentha oil trading on MCX is important for traders looking to participate in this market. By knowing the trading unit, price quote, tick size, delivery centers, delivery and expiry dates, margin requirements, and market timings, traders can make informed decisions and effectively navigate the mentha oil futures market on MCX.
By Astrobulls research pvt ltd