Commodities

BusinessLine and MCX will host Commodity Conclave in Chennai

BL Research Bureau Chennai | Updated on March 08, 2019 Published on March 08, 2019

 

BusinessLine, in association with India’s leading commodity bourse, Multi Commodity Exchange of India (MCX), is organising Commodity Conclave 2019 on Tuesday, March 12.

Key stakeholders of the metal industry — producers, secondary smelters, traders, exporters and industry bodies — will attend the conclave to discuss MCX’s deliverable metal contracts and their benefits for the user group.

A panel discussion on the theme ‘Metal contracts at India-discovered price — the advantage for users’ will feature renowned speakers from the industry, including Ashish Bansal, MD, Pondy Oxides & Chemicals; R Krishnan, VP, Materials, Aquasub; VA George, Managing Director, Thejo Engineering; Aravind M, CPAI representative; and Chittaranjan Rege, Head-Base Metals, MCX.

The keynote address will be delivered by S Muralishankar, President, Association of Indian Forging Industry and Managing Director, Super Auto Forge.

Speakers will discuss the benefits of hedging on aluminium and zinc futures on the commodity exchange for users of the metal.

Aluminium and zinc futures contracts traded on the MCX platform are compulsorily deliverable now and will be settled based on polled domestic spot prices.

The panel will also address challenges faced by Small and Medium Enterprises in sourcing metals and how the exchange platform can help them reach large primary producers directly and benefit.

Published on March 08, 2019
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