Press Release announcing the launch of Nickel Futures contract.
MCX · price
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Awaiting price reaction for this filing.
MCX has launched a new Nickel Futures contract effective August 18, 2025, with the September 2025 expiry being the first available contract. The contract is denominated in Indian Rupees, allowing participants to hedge both commodity price risk and currency risk simultaneously. Key specifications include a trading unit of 250 kgs, delivery unit of 1500 kgs, tick size of ₹0.10 per kg, daily price limit of 4%, and minimum margin of 10% or SPAN (whichever is higher). Thane will be the designated delivery centre, accepting only LME-approved Primary Nickel cathodes with 99.80% minimum purity. The exchange highlighted that India is heavily import-dependent on Nickel, which is critical for stainless steel, EV batteries, and electroplating industries, creating strong hedging demand from these sectors.
This new product expands MCX's base metals portfolio and could boost trading volumes by addressing a genuine industrial hedging need from Nickel-importing industries. Strengthens MCX's near-monopoly position (~98% market share) and supports long-term revenue diversification. Mildly positive for the stock, though likely already priced in given the prior announcement.