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New metals, menthol, jute contracts launched

Report from Indo-Asian News Service brought to you by HT Syndication.

Ahmedabad, July 31 -- The National Multi-Commodity Exchange (NMCE) has launched new series for futures contract in non-ferrous metals, menthol crystal and raw jute. All new contracts will be available for trading on NMCE e-platforms beginning Thursday.

The new contracts in the six non-ferrous metals - aluminium ingot, nickel prime, copper, zinc, lead and tin - will mature Oct 31, while menthol crystal and jute contracts will mature Nov 29 and Dec 31 this year respectively.

The metals are traded in lots of different sizes, but prices are quoted in rupees per kilogram. In case of menthol crystal, it is traded in lots of one ...

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