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New concentration margin to hit trading volumes further
May 12, 2021
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It is levied to discourage a single or group investors attempt to corner the floating stock in the market to boost prices artificially The sharp rise in agriculture and non-agriculture prices on the futures market and subsequent levy of concentration margin by MCX is expected to further hit trading volumes on the derivatives platform.
Starting May 17, MCX will charge an additional concentration margin of up to six per cent as part of its risk management to avoid default.
The concentration margin is levied to discourage a single or group investors attempt to corner the floating stock in the market to boost prices artificially.
Synopsis
Refined soya oil contracts for February traded lower by Rs 13.8, or 1.28 per cent, to Rs 1,068 per 10 kg in 38,025 lots.
Agencies
NEW DELHI: Refined soya oil prices on Wednesday fell Rs 5.1 to Rs 1,106 per 10 kg in futures trade as speculators reduced holdings amid subdued demand in spot market.
On the National Commodity and Derivatives Exchange, refined soya oil for delivery in January declined by Rs 5.1, or 0.46 per cent, to Rs 1,106 per 10 kg in 8,340 lots.
Refined soya oil contracts for February traded lower by Rs 13.8, or 1.28 per cent, to Rs 1,068 per 10 kg in 38,025 lots.
Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.
Refined soya oil contracts for February traded higher by Rs 0.8, or 0.07 per cent, at Rs 1,186.5 per 10 kg in 35,215 lots., , spot market, Refined soya oil, Low Demand