Multi Commodity Exchange of India Ltd

MCX Launches Nickel Futures Contract 🚀 Key Details Inside

- MCX Nickel Futures launch date: August 18, 2025.

- Nickel’s industrial uses: Stainless steel, EV batteries, electroplating.

- India relies on Nickel imports, exposing industries to price volatility.

- Contract aids price risk management & INR-denominated hedging.

- Trading unit: 250 kg; Delivery unit: 1,500 kg (effective Sept 2025 expiry).

- Last trading day: Third Wednesday of expiry month (or prior working day).

- Designated delivery center: Thane; Delivery period: Last 3 working days of contract month.

- Accepted delivery: LME-approved Primary Nickel cathodes (min 99.80% purity).

- Tick size: ₹0.10/kg; Daily price limits: 4%; Margins: Min 10% or SPAN (higher).

- MCX holds 98% market share in commodity futures (FY 2024-25).

- Praveena Rai, MD & CEO, notes alignment with global benchmarks & self-sufficiency goals.