NCDEX Sponge Iron
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| Sponge Iron futures | ||
|---|---|---|
| Exchange | National Commodity & Derivatives Exchange | |
| Settlement | Physically delivered | |
| Trade Unit | 20 metric tons | |
| Point Value | Need point value! | |
| Tick Value | 10 Paise per metric ton | |
| Contract Months | Need contract months! | |
| Last Trading Day | 20th day of the delivery month. If 20th happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day of the Exchange. | |
| Note: This contract is electronic ONLY -- no open outcry | ||
| No Open Outcry | Electronic | |
| Trading Hours | N/A | Mondays through Fridays: 10:00 a. m. to 11:55 p.m.
Saturdays: 10.00 a.m. to 2.00 p.m. |
| Ticker Symbol | N/A | SPGIRNRPR |
| Price Limits | N/A | Daily Price fluctuation limit will be 4 %. On the first day, the limit on daily price fluctuation will be reckoned with reference to the opening price. If the trade hits this price limit, trading would stop for 15 minutes. Thereafter, the price limit would be extended by another (+)/(-) 2%. No trade would be permitted during the day beyond the revised price limit of (+)/(-) 6%. On the second and subsequent days of trade, the daily price fluctuation limit will be reckoned with reference to the mark-to -market rate of the previous closing day. |
