Topic: General Discussion

COMMODITY MCX MARKET LOT SIZE

From : Gireesh Babu at 12:26 PM - May 31, 2013 ( )

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MCX TICK SIZE

Commodity Trading Unit Quotation/Base Value Lot Size (Qty) Tick Size Rs.
GOLD 1 kilogram 10 grams 100 Re. 1 per 10 grams
GOLDM 100 grams 10 grams 10 Re. 1 per 10 grams
GOLDGUINEA 8 grams 8 grams 1 Re. 1 per 8 grams
 
SILVER 30 kilograms 1 kilogram 30 Re. 1 per kilogram
SILVERM 5 kilograms 1 kilogram 5 Re. 1 per kilogram
 
LEAD 5 Tons (5000 kilograms) 1 kilogram 5000 5 paise per kilogram
LEADMINI 1 Ton (1000 kilograms) 1 kilogram 1000 5 paise per kilogram
 
ZINC 5 Tons (5000 kilograms) 1 kilogram 5000 5 paise per kilogram
ZINCMINI 1 Ton (1000 kilograms) 1 kilogram 1000 5 paise per kilogram
 
ALUMINIUM 5 Tons (5000 kilograms) 1 kilogram 5000 5 paise per kilogram
COPPER 1 Ton (1000 kilograms) 1 kilogram 1000 10 paise per kilogram
NICKEL 250 kilograms 1 kilogram 250 10 paise per kilogram
CRUDEOIL 100 barrels 1 barrel 100 Re.1
NATURALGAS 1250 mmBtu per mmBtu 1250 10 paise



From: GIREESH BABU at 10:36 PM - May 31, 2013( )


CURRENCY PAIRS - USDINR , EURINR , GBPINR , JPYINR 

LOT SIZE -  (1000) .

TICK SIZE (.0025 PAISA) .

Lot size = 1000 (i.e.) when you buy 1 contract then lot size is 1000
Tick Size =.0025 paisa
Since Lot size is 1000 and for each movement of .0025 tick size, you will be either Gaining or Losing 2.50 Rupees.

So there will be 400 (1 Rupee/.0025) tick price movements within a Rupee.



From: GIREESH BABU at 11:36 AM - Jun 02, 2013( )


TRADING MARGIN REQUIRED IN COMMODITY IS (5 - 15) % OF REAL VALUE - THAT DEPENDS UPON BROKER TO BROKER.




In Reply to above Message (1 to 20 out of 35) - Latest Replies are put on Top | First | << Previous | Next >> | Last |

From : Gireesh Babu at 11:13 AM - Jun 15, 2013 ( )

FOR NEW COMMERS IN COMMODITY


From : Gireesh Babu at 04:57 PM - Jun 13, 2013 ( )

FOR NEW COMMERS IN COMMODITY


From : Gireesh Babu at 11:06 AM - Jun 08, 2013 ( )

FOR NEW COMMERS IN COMMODITY


From : Ramesh Sankula at 01:31 PM - Jun 07, 2013 ( )

OK

THANKS FOR INFO.


From : Gireesh Babu at 01:23 PM - Jun 07, 2013 ( )

DEAR Ramesh Sankula JI,

WHAT A I AM TRADING MAINLY IN CRUDE , NG AND COPPER IN COMMODITY . ACTUALLY FOR CRUDE MINIMUM MARGIN REQUIRED IS AROUND 27000 PER LOT - BUT IF I AM DOING INTRADAY ZERODHA GIVING IT FOR MARGIN AROUND 14000/-.THAT IS DEPENDS UPON BROKER TO BROKER . YOU CAN TRADE GOLD WITH - GOLD,GOLDM,GOLDGUINEA. PLEASE ASK WITH YOUR BROKER.


From : Kuldeepak Amate at 01:21 PM - Jun 07, 2013 ( )

GOOD INFORMATION......


From : Ramesh Sankula at 01:13 PM - Jun 07, 2013 ( )

R U SURE ?

THEN MARGIN REQUIRED IS MORE THAN 4 LAC.

JUST NOW, I SPOKED WITH MY BROKER

HE SAYING 10% ON 27800= RS 2780/-


From : Gireesh Babu at 01:02 PM - Jun 07, 2013 ( )

DEAR Ramesh Sankula JI,

EXAMPLE - IF YOU BUY GOLD ONE LOT MEANS 100 GRAMS(LOT SIZE) AT 27000 - THEN THE MARGIN CALCULATION IS HERE UNDER :-

27000 * 100 = 2700000

MARGIN REQUIRED IS - ( 5 - 15 ) % OF 2700000 = ( 135000 - 405000 ) - I THINK IT VARIES BROKER TO BROKER.


From : Ramesh Sankula at 12:47 PM - Jun 07, 2013 ( )

YOU MEAN

SUPPOSE IF WE BUY AT 27000

THE MARGIN REQUIRED IS 27000 X 15 % = RS 4050/-

CORRECT ?


From : Gireesh Babu at 12:41 PM - Jun 07, 2013 ( )

DEAR Ramesh Sankula JI,

TRADING MARGIN REQUIRED IN COMMODITY IS (5 - 15) % OF REAL BUY OR SELL VALUE - THAT DEPENDS UPON BROKER TO BROKER.


From : Ramesh Sankula at 12:37 PM - Jun 07, 2013 ( )

VERY USE FUL THREAD.

THANKS, GIRI

HOW MUCH MARGIN REQUIRED FOR

GOLD 100 26700 26800 1346 360 10000 8654 9640


From : Gireesh Babu at 10:12 PM - Jun 03, 2013 ( )

FOR NEW COMMERS IN COMMODITY


From : Gireesh Babu at 02:15 PM - Jun 03, 2013 ( )

FOR NEW COMMERS IN COMMODITY


From : Gireesh Babu at 12:27 PM - Jun 03, 2013 ( )

FACTORS THAT INFLUENCE THE MOVEMENT OF COMMODITY PRICE

COMMODITY FACTORS
GOLD
  • Above ground supply of gold from central bank's sale, reclaimed scrap, and official gold loans.
  • Hedging interest of producers/miners.
  • World macroeconomic factors such as the US Dollar, interest rate and economic events.
  • Commodity-specific events such as the construction of new production facilities or processes, unexpected mine or plant closures, or industry restructuring.
  • In India, gold demand is also determined to a large extent by its price level and volatility.
GOLDM
GOLDGUINEA
 
SILVER
  • Economic events such as India’s industrial growth, the global financial crisis, recession and inflation affect metal prices.
  • Commodity-specific events such as the construction of new production facilities or processes, unexpected mine or plant closures, or industry restructuring affect the market.
  • Governments set trade policy (implementation or suspension of taxes, penalties, and quotas) that affect supply by regulating (restricting or encouraging) the material flow.
  • Geopolitical events involving governments or economic paradigms and armed conflict can cause major changes.
  • A faster growth in demand against supply often leads to a drop in stocks with the government and investors.
  • Silver demand is underpinned by the demand from jewellery and silverware, industrial applications, and overall industrial growth.
  • In India, the real industrial demand occupies a small share in the total industrial demand for silver. This is in sharp contrast to most developed economies.
  • In India, silver demand is also determined to a large extent by its price level and volatility.
SILVERM
 
LEAD
  • Lead prices in India are fixed on the basis of the rates in the international spot market, and Indian Rupee and US Dollar exchange rates.
  • Economic events such as national industrial growth, global financial crisis, recession, and inflation affect the metal prices.
  • Commodity-specific events such as the construction of new production facilities or processes, new uses or the discontinuance of historical uses, unexpected mine or plant closures (natural disaster, supply disruption, accident, strike, and so forth), or industry restructuring, all affect metal prices.
  • Trade policies set by the Government (implementation or suspension of taxes, penalties, and quotas) affect supply as they regulate (restricting or encouraging) material flow.
  • Geopolitical events involving governments or economic paradigms and armed conflict can cause major changes.
  • As societies develop, their demand for metal increases based on their current economic position, which could also be referred as ‘National Economic Growth Factor’.
LEADMINI
 
ZINC
  • Zinc prices in India are fixed on the basis of rates that rule in the international spot market, and Indian Rupee and US Dollar exchange rates.
  • Economic events such as the national industrial growth, global financial crisis, recession and inflation affect metal prices.
  • Commodity-specific events such as the construction of new production facilities or processes, new uses or the discontinuance of historical uses, unexpected mine or plant closures (natural disaster, supply disruption, accident, strike, and so forth), or industry restructuring, all affect metal prices.
  • Trade policies set by the Government (implementation or suspension of taxes, penalties, and quotas) affect supply as they regulate (restricting or encouraging) material flow.
  • Geopolitical events involving governments or economic paradigms and armed conflict can cause major changes.
  • As societies develop, their demand for metal increases based on their current economic position, which could also be referred as ‘National Economic Growth Factor’.
ZINCMINI
 
ALUMINIUM
  • Aluminium prices in India are fixed on the basis of the rates that rule on the international spot market, and Indian Rupee and US Dollar exchange rates.
  • Economic events such as national industrial growth, global financial crisis, recession, and inflation affect metal prices.
  • Commodity-specific events such as the construction of new production facilities or processes, new uses or the discontinuance of historical uses, unexpected mine or plant closures (natural disaster, supply disruption, accident, strike, and so forth), or industry restructuring, all affect metal prices.
  • Trade policies set by the Government (implementation or suspension of taxes, penalties, and quotas) affect supply as they regulate (restricting or encouraging) material flow.
  • Geopolitical events involving governments or economic paradigms and armed conflict can cause major changes.
  • As societies develop, their demand for metal increases based on their current economic position, which could also be referred as ‘National Economic Growth Factor’.
 
COPPER
  • Copper prices in India are fixed on the basis of the rates that rule in the international spot market, and Indian Rupee and US Dollar exchange rates.
  • Economic events such as the national industrial growth, global financial crisis, recession and inflation affect metal prices.
  • Commodity-specific events such as the construction of new production facilities or processes, new uses or the discontinuance of historical uses, unexpected mine or plant closures (natural disaster, supply disruption, accident, strike, and so forth), or industry restructuring, all affect metal prices.
  • Trade policies set by the Government (implementation or suspension of taxes, penalties, and quotas) affect supply as they regulate (restricting or encouraging) material flow.
  • Geopolitical events involving governments or economic paradigms and armed conflict can cause major changes.
  • As societies develop, their demand for metal increases based on their current economic position, which could also be referred as ‘National Economic Growth Factor’.
 
NICKEL
  • Nickel prices in India are fixed on the basis of the rates that rule on the international spot market, and Indian Rupee and US Dollar exchange rates.
  • Economic events such as national industrial growth, global financial crisis, recession and inflation affect metal prices.
  • Commodity-specific events such as the construction of new production facilities or processes, new uses or the discontinuance of historical uses, unexpected mine or plant closures, or industry restructuring affect the market.
  • Trade policies set by the Government (implementation or suspension of taxes, penalties, and quotas) affect supply as they regulate (restricting or encouraging) material flow.
  • Geopolitical events involving governments or economic paradigms and armed conflict can cause major changes.
  • As societies develop, their demand for metal increases based on their current economic position, which could also be referred as ‘National Economic Growth Factor’.
 
CRUDEOIL
  • OPEC output, supply and spare capacities
  • Increased demand from emerging and developing countries; geopolitics
  • US crude and products inventories data
  • Currency fluctuations
  • Weather conditions
  • Speculative buying and selling
  • Changes in the refining sector, for example, a drop in the refinery utilisation rate
 
NATURALGAS
  • Natural Gas inventory data
  • The US weather conditions and active hurricane season poses a threat to the US Gulf coast’s
  • natural gas production
  • Price of crude oil
  • Industrial and Residential demand in the US

SOURCE : http://www.mcxindia.com


From : Jay C at 06:38 PM - Jun 02, 2013 ( )

Good info Gireesh ji, is there 2 expiry for every month in MCX.

MCX Timings: http://www.mcxindia.com/marketoperation/tradingsurvaillance/trading.htm


From : G Bharathi at 06:05 PM - Jun 02, 2013 ( )

one missing my view nikkel mini&coppermini not there! ple add


From : Chennaraghavendra Raja at 05:45 PM - Jun 02, 2013 ( )

Gireesh, Very useful and informative. Thanks mate!


From : Gireesh Babu at 02:35 PM - Jun 02, 2013 ( )

IF YOU FOUND ANY MISTAKE IN THIS INFORMATION - PLEASE SHARE


From : Gireesh Babu at 11:37 AM - Jun 02, 2013 ( )

DEAR Debasish Lala JI,

TRADING MARGIN REQUIRED IN COMMODITY IS (5 - 15) % OF REAL VALUE - THAT DEPENDS UPON BROKER TO BROKER.


From : Karthik V at 11:26 AM - Jun 02, 2013 ( )

thank u Gireesh ji


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