Mumbai, 26 August 2025: Multi Commodity Exchange of India Ltd. (MCX) has introduced Nickel futures from August 18, 2025, enabling efficient price discovery and risk management for industries dependent on Nickel.
Nickel, vital for stainless steel, electroplating, EV batteries and engineering, is largely imported, exposing Indian industries to price volatility and supply risks. The new INR-denominated futures contract allows participants to hedge both commodity and currency risks, while also offering investors an additional asset class for diversification.
Key contract features:
Trading Unit: 250 kgs | Delivery Unit: 1500 kgs
Expiry: 3rd Wednesday of contract month (or preceding working day)
Delivery Centre: Thane | Good Delivery: LME-approved Primary Nickel cathodes (min. 99.80% purity)
Tick Size: ₹0.10/kg | Daily Limit: 4% | Margins: Min. 10% or SPAN, whichever higher
Commenting on the launch, Ms. Praveena Rai, MD & CEO, MCX, said:
“MCX, India’s leading commodity derivatives exchange, continues to provide industries and investors with effective risk management tools and transparent price discovery.”
MCX, operational since 2003, dominates India’s commodity derivatives market with ~98% share in FY 2024-25, offering trading across bullion, energy, metals, agri-commodities and sectoral indices.
For more details, visit: www.mcxindia.com
