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MCX completes first physical delivery of 430 tonne of zinc from futures platform

03 May 2019 Evaluate

Multi Commodity Exchange of India (MCX) has completed the first physical delivery of 430 tonne of zinc, a base metal, traded through the April futures contract. Pay-in and pay-out of the contract concluded on May 2, 2019, for a quantity of 430 tonne. The contract was settled with no delivery defaults.

The deliveries were made by two entities Indu Corporation, through IIFL Wealth Management, and Phoenix Industries, through Motilal Oswal Financial Services (MOFSL). The metal was delivered at the MCX-approved warehouse at Bhiwandi in Thane district of Maharashtra.

MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.

Multi Commodity Exch Share Price

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Company Name CMP
Motilal Oswal Fin 815.95
Angel One 323.35
IIFL Capital Service 313.40
Nuvama Wealth 1403.20
Share India Sec. 147.05
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