MCX Establishes Good-Delivery Standards for Key Base Metals

MCX has rolled out new good-delivery standards for primary aluminium, refined copper, and refined zinc, targeting improvements in domestic refining and market trust. The guidelines specify criteria for manufacturing plants and detail procedures for physical deliveries tied to derivative contracts.

This initiative follows a successful pilot program for refined lead and seeks to reduce logistics costs while ensuring tax compliance through enhanced auditing and testing at production sites. With a 98% share in the commodity futures market, MCX's influence could encourage increased participation from metal producers in regulated exchange mechanisms. The potential for improved trust in the market may also lead to greater price stability for these metals.