The Multi Commodity Exchange (MCX) has announced the launch of Aluminium Mini futures contracts with effect from Monday, February 20, 2023 onwards. You can check the announcement from the exchange here
Aluminium Mini Futures contracts will be available for trading as below:
| Contract Launch date |
Contract Expiry Date |
Contract Expiry Month |
| February 20, 2023 |
March 31, 2023 |
March 2023 |
| February 20, 2023 |
April 28, 2023 |
April 2023 |
| February 20, 2023 |
May 31, 2023 |
May 2023 |
| February 20, 2023 |
June 30, 2023 |
June 2023 |
Contract Specifications
| Particulars |
Details |
| Symbol |
ALUMINI |
| Description |
ALUMINIMMYY |
| Contract Listing |
Contracts are available as per the Contract Launch Calendar. |
| Contract Start Day |
1st day of contract launch month. If 1st day is a holiday then the following working day. |
| Last Trading Day |
Last calendar day of the contract expiry month. If last calendar day is a holiday then preceding working day. |
| Trading Period |
Mondays through Fridays |
| Trading Session |
Monday to Friday: 09.00 a.m. to 11.30 p.m. / 11.55 p.m.* (* based on US daylight saving time period) |
| Trading Unit |
1 MT |
| Quotation/ Base value |
1 Kg |
| Price Quote |
Ex-Warehouse Raipur district (excludes only GST) |
| Maximum Order Size |
150 MT |
| Tick Size (Minimum Price Movement) |
5 paisa per kg |
| Daily Price Limits |
The Exchange has implemented a narrower slab of 4%. Whenever the narrower slab is breached, the relaxation will be allowed up to 6% without any cooling off period in the trade. In case the daily price limit of 6% is also breached, then after a cooling off period of 15 minutes, the daily price limit will be relaxed up to 9%. |
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In case price movement in international markets is more than the maximum daily price limit (currently 9%), the same may be further relaxed in steps of 3%. |
| Initial Margin |
Minimum 8% or based on SPAN whichever is higher |
| Extreme Loss Margin |
Minimum 1 % |
| Additional and/ or Special Margin |
In case of additional volatility, an additional margin (on both buy & sell side) and/ or special margin (on either buy or sell side) at such percentage, as deemed fit; will be imposed in respect of all outstanding positions. |
| Maximum Allowable Open Position |
For individuals: 25,000 MT or 5% of the market wide open position, whichever is higher for all Lead contracts combined together. For a member collectively for all clients: 2,50,000 MT or 20% of the market wide open position, whichever is higher for all Lead contracts combined together. |
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Contract Launch Calendar for Aluminium Mini (on a continuous basis)
| Contract Launch Months |
Contract Expiry Months |
|
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| February 2023 |
March 2023 |
| February 2023 |
April 2023 |
| February 2023 |
May 2023 |
| February 2023 |
June 2023 |
| March 2023 |
July 2023 |
| April 2023 |
August 2023 |
| May 2023 |
September 2023 |
| June 2023 |
October 2023 |
| July 2023 |
November 2023 |
| August 2023 |
December 2023 |
| September 2023 |
January 2024 |
| October 2023 |
February 2024 |
| November 2023 |
March 2024 |
| December 2023 |
April 2024 |
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