Slow start for rubber contract on MCX
December 28, 2020
The exchange traded 83 lots
MCX, the country’s largest commodity exchange, has recorded a turnover ₹1.33 crore on its debut trading session on Monday. The exchange traded 83 lots.
Making further inroads into agriculture commodity futures trading, the metal and energy-focused MCX launched rubber futures on demand from physical participants including small and mid-size producers, consumers and large physical side corporate houses. Acumen Capital Market Ltd logged in the first trade in MCX rubber contact.
Low contract value and margin requirements will be helpful for retail investors and hedgers alike. Domestic rubber futures will be influenced by domestic factors and international prices on Tokyo Commodity Exchange, Shanghai Futures Exchange and Singapore Commodity Exchange.