Open interest in steel contracts sees 40% rise[Indian]

  • Friday, July 05, 2019
  • Source:ferro-alloys.com

  • Keywords:Open interest, Indian steel
[Fellow]The open interest in steel contracts on ICEX has seen a 40 per cent spike in the past four months.

[Ferro-Alloys.com]  The open interest in steel contracts on Indian Commodity Exchange (ICEX) has seen a 40 per cent spike in the past four months as industry participants run for cover after steel prices plunged 20 per cent.

The ICEX spot and corresponding futures prices have seen a considerable fall of about 20 per cent from Rs 37,000 per tonne in February this year to Rs 30,000 per tonne in June.

(economictimes.indiatimes.com)

  • [Editor:kangmingfei]

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