Significantly, nickel witnessed the highest-ever delivery of 999 tonnes during this August cycle, the MCX added.
The MCX has also started the process of empanelment of domestic refined lead brands to encourage more domestic consumers and refiners to participate on the exchange, it stated.
For this purpose, the exchange has issued eligibility criteria for domestically refined lead brands to get registered for the MCX good delivery, it said adding that currently, only London Metal Exchange-approved brands are accepted.
"We have achieved yet another milestone by converting all base metal contracts successfully into deliverable contracts within a short time span. We are encouraged by the ready acceptance to the change by the market participants," MCX CEO and Managing Director P S Reddy said.
He added that the Exchange remains keen to explore different aspects of contracts to increase its relevance to the domestic metal industry.
During August 2020, on an average, daily 1,24,638 tonnes of metals valued at Rs 7,270 crore traded on the exchange.
Currently, trading or delivery lots for metals are: 5 tonnes for aluminium, copper (2.5 tonnes), lead (5 tonnes), nickel (1.5 tonnes) and zinc (5 tonnes).
The MCX has designated warehouses at Bhiwandi in Maharashtra and Chennai in Tamil Nadu for the metal delivery.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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