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NCDEX announces FSP for base metal, silver

November 03, 2009 16:02
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MUMBAI (Commodity Online): National Commodity & Derivatives Exchange Ltd (NCDEX) on Tuesday announced the final settlement price of nickel, zinc, alumunium and silver, which expired in October.

According to NCDEX circular, the exchange has fixed Rs 867.10 a kg for nickel cathode, Rs 103.10 a kg for zinc ingot and Rs 89.40 a kg for aluminium ingot. While FSP for silver international has been set at Rs 25,708 per kg.

FSP is the price at which a commodity futures contract is settled at maturity.

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At 11.30 a.m. on Tuesday, the spot price of nickel cathode, zinc and aluminium ingot were ruling at Rs 1,260.35 a kg, Rs 151.05 a kg and 109.90 a kg, respectively. While the price of silver international stood at Rs 26,093 a kg.
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