Multi Commodity Exchange of India (MCX) has commenced trading in Brass Future. The contract has witnessed traded volumes and open interest at 429 MT and 91 MT respectively.
The first of its kind innovative deliverable 1 metric tonne (MT) contract with Jamnagar as the base delivery centre has been receiving tremendous response from brass stakeholders, especially the physical market participants located in Jamnagar.
The launch of this contract, has also marked the beginning of many firsts for MCX. Moreover, it's the first time ever that an alloy is being traded in the form of a futures contract on any domestic exchange.
