Everything You Need to Trade in Futures

SALIENT SPECIFICATIONS OF BASE METAL FUTURES CONTRACTS

Trading varieties

COPPER

ALUMINIUM

LEAD

ZINC

Trading unit or contract multiplier

2.5MT

5MT

Quotation/ Base Value

1 kg / ₹

Trading period

Monday to Friday: 9:00 a.m. to 11:30 p.m. / 11:55 p.m.

Maximum order size

70MT

150MT

100MT

Daily price limits

The base price limit will be 4%. Whenever the base daily price limit is breached, the relaxation will be allowed upto 6%

without any cooling off period in the trade. In case the daily price limit of 6% is also breached, then after a cooling off

period of 15 minutes, the daily price limit will be relaxed upto 9%. In case price movement in international markets is

more than the maximum daily price limit (currently 9%), the same may be further relaxed in steps of 3%.

Contract delivery month

Perpetual contract

Quality Specifications

Grade A Copper Cathodes

Only LME approved brands will be accepted #. For the purpose of quality assessment, reliance shall

be placed by the WSP on the Certificate of Analysis (CoA) issued by the producer.

Primary Aluminium Ingots with minimum purity of 99.70%.

Only LME approved brands will be accepted. For the purpose of quality

assessment, reliance shall be placed by the WSP on the Certificate of Analysis

(CoA) issued by the producer.

Lead Ingots with minimum purity of 99.98%.

MCX approved brands will be accepted . For the purpose of quality assessment, reliance

Primary Special High-Grade Zinc with minimum purity of 99.995%.

Only LME approved brands will be accepted. For the purpose of quality

assessment, reliance shall be placed by the WSP on the Certificate of Analysis

(CoA) issued by the producer.

Initial margin

Minimum 8% or based on SPAN whichever is higher

Minimum 10% or based on SPAN whichever is higher

Settlement Mechanism:

The contract would be settled in cash

Transaction fee

Not higher than 5‰ of the transaction price

Listing exchange

Multi Commodity Exchange，MCX