Calculate Embedded Emissions for Unwrought Aluminium (HS7601)

Enter your input

Payable emissions (tCO₂e/t)

Total CBAM Cost (€)

Notes:
There may be a difference when calculating the price with respect to import volume, carbon price, and benchmark emissions, as the embedded formula may result in minor variations due to decimal rounding. Therefore, the actual value may vary.

CBAM is applicable to trade volumes starting from 50 metric tonnes. For trade volumes below 50 metric tonnes, CBAM does not apply.

Usage Procedure – How to use the CBAM Calculator Sheet

Enter or update values only in the INPUT
PARAMETERS section (Highlighted in blue) , including
the carbon price, benchmark emissions, CBAM
chargeable percentage (as per the phase-in year),
and imported quantity.

The system will automatically calculate the payable
emissions and the total CBAM cost (€) based on the
inputs provided.

Notes:
• Change any input value to automatically update CBAM cost.
• Formula used: Carbon price × payable emissions × quantity.
• Model aligned with CBAM supplier-side illustrative methodology.

18 OCTOBER 2020 AL CIRCLE

MCX: India’s largest commodities exchange to debut first tradeable real-time base metals indices by name “METLDEX”

EDITED BY : RUPANKAR MAJUMDER 2MINS READ

METLDEX, the first base metal futures indices from MCX, India’s largest multi-commodity exchange is going live from 19^th October’20 and is ready to reform the way prices are spotted as the indices will be traded on the real-time domestic prices. Presently, domestic metal prices are pivoted to the London Metal Exchange (LME) prices which have been a restraint to real-time price discovery. MCX said: “But with METLDEX, this is going to end. These indices will be the first tradable real-time base metals indices in the country.”

MCX to launch Meltdex

{alcircleadd}

METLDEX is established on base metal like Aluminium and also on other four metals like zinc, copper, nickel and lead which are traded on the MCX.

On 16^th October’20, Chittaranjan Rege, Head of base metals at MCX said: "With the launch of the iComdex base metals indices futures or METLDEX, we are setting a benchmark based on domestic price standards.”

"METLDEX is conceptualised as an efficient tool for market participants to gain exposure to the industrial sector. This will also facilitate efficient price risk management across the value chain for even smaller players.”

“The futures contracts on the indices will be available for trading throughout the year with at least three contracts at all times”, he added.

MCX to launch MELTDEX

“The contract has a lot size equal to 50 times of the underlying base metals index. The tick size for the contract is Re 1 and the contracts will be settled in cash at the end of the expiry of each contract.”

"The final settlement price will be based on the volume-weighted average price of the underlying constituents between 4 pm and 5 pm on the expiry day of the index futures contract," he said.

The index will track the real-time performance of a basket of MCX base metals futures -- aluminium (5 tonnes), zinc (5 tonnes), copper (2.5 tonnes), nickel (1.5 tonnes) and lead (5 tonnes).

Presently it withstands around 9.48% weight for aluminium, 33.06% weight for zinc, 29.81% for copper, 14.77% for nickel and 12.88% for lead, as reported by the exchange.

At present, it carries around 33.06% weight for zinc, 29.81% for copper, 14.77% for nickel, 12.88% for lead and, the exchange said.

METLDEX is the second commodity futures contract to be launched by MCX after the successful launch of its bullion index, Bulldex, on 24^th August, which is the country's first index on underlying bullion futures contracts, expiring in September, October and November.

Tagged with: