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As per the circular dated 15th February 2023, Multi-Commodities of India has announced the launch of Aluminium Mini futures contracts with Aluminium (1 Metric Ton) futures as the underlying. Aluminium Mini futures contracts that expire on 31 March 2023, 28 April 2023, 31 May 2023, and 30th June 2023 will be available for trading with effect from Monday, February 20, 2023.
The Contract Specifications are mentioned below:
|
Particulars |
Specifications |
|
Symbol |
ALUMINI |
|
Lot Size |
1 Metric Ton (1000 Kgs) |
|
Quotation |
1 Kg |
|
Margin Required |
(Initial Margins - Minimum 10% or based on SPAN, whichever is higher + ELM - Minimum 1% of the total contract value) ₹25,000 (Approx.) |
|
Tick Size (Minimum Price Movement) |
₹0.05 per KG |
|
Settlement |
The staggered delivery tender period |
|
Trading Period |
Monday to Friday |
For more details on the contract specifications, Click here.
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