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Agri-Biz & Commodities - Commodity Exchanges


MCX to launch two more commodities

Our Bureau

Mumbai, March 24

Multi Commodity Exchange (MCX) has decided to launch futures trading in two more commodities i.e. zinc and polyvinyl Chloride (PVC) on Monday, March 27.

In zinc, April and May 2006 contracts will be available for futures trading in zinc, while May and June 2006 contracts will be available for polyvinyl chloride from Monday. The daily price limit for zinc and PVC would be relaxed up to 6 per cent. Trading unit is 5 tonne for zinc and 2 tonne for PVC.

Price will be quoted ex-Bhiwandi and delivery centre for zinc is within 20 km outside Mumbai Octroi limit. For PVC, price will be quoted ex-New Delhi and delivery centre is exchange-approved warehouse at New Delhi.

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