Comment on Policy change for trading in cash-settled commodities
commented on
27 Apr 2020, 01:18 PM
By negative price settlement seller has to pay the buyer. In the present case at NYMEX, buyers receive $37 and crude oil for free from sellers. Hence buyers are the beneficiaries here. If MCX follows the NYMEX blindly it should definitely have settled the contract accordingly in favour of the buyers i.e. sellers have to pay buyers Rs.2888. Is it possible? Then how can you conclude MCX is right.