Delhi MCD Election Results 2017

Source: media reports

MCX’s jet fuel futures from today

MCX’s jet fuel futures from today
PTI
Comment E-mail Print Share
First Published: Sun, Jul 06 2008. 11 08 PM IST
Updated: Sun, Jul 06 2008. 11 08 PM IST
The Multi Commodity Exchange of India (MCX) will start trading in aviation turbine fuel futures from Monday, allowing airlines and refiners hedge against rising crude oil prices.
MCX will offer trading in six contracts from 7 July, it said in a circular. Individual investors can buy or sell a maximum of 600,000 barrels in one contract, while for registered clients the upper limit in the open position will be 3 million barrels, or 15% of the volume, whichever is higher. The contracts will expire on 26th of the respective month. MCX has fixed the minimum trading limit at 100 barrels. Prices will be displayed in rupee per barrel. The daily price limit, set by the market regulator to prevent manipulation, would be 4%. Trading will be stopped after another 2% volatility in prices, MCX said.
ATF prices have risen to more than $144 (Rs6,222) a barrel from $46 in January 2005. Futures contracts will help firms to ensure supply at predetermined price and time as the sellers will have the obligation to do so.
Comment E-mail Print Share
First Published: Sun, Jul 06 2008. 11 08 PM IST