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MCX to start trading in brass futures from next week

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Reuters MUMBAI
Last Updated : Mar 22 2018 | 4:05 PM IST

MUMBAI (Reuters) - India's Multi Commodity Exchange (MCX) will start trading in brass futures from next week as it tries to provide a benchmark price and hedging tool to the industry, the bourse said on Thursday.

MCX will start trading in three contracts of brass, an alloy made of copper and zinc, from March 26.

The lot size of the contract will be 1 tonne and the delivery centre would be Jamnagar in Gujarat, the exchange said in a statement.

MCX is India's biggest commodity exchange, which derives most of the volume from metals trading.

(Reporting by Rajendra Jadhav; Editing by Subhranshu Sahu)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Mar 22 2018 | 3:56 PM IST

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