Nickel, from volatility to execution.
LME nickel pricing, stainless and battery-grade premium signals, and hedge alignment in one view—so you act on the most volatile base metal with execution discipline.
Indicative data — for illustration only
Plan rate (₹/kg)
1624.18
USD/INR
94.83
Daily change
+0.55%
Nickel Overview
IndicativeLME Cash
$17,280
USD/MT
MCX Near
₹1624.2
/kg
USD/INR
94.83
FX
Day Range
$17,150–17,410
USD/MT
Derived forward curve in ₹/kg
Why nickel is hard
Highest-vol base metal
Nickel has run 20–40% realised vol in stress windows; small position errors get expensive fast.
Class 1 vs Class 2 spreads
LME-deliverable Class 1 nickel and Indonesian NPI/MHP grades trade at different premiums and move on different drivers.
FX drag at scale
At ~$15,000–20,000/MT, ₹ moves create large INR/kg swings for stainless and battery buyers.
Geopolitical sensitivity
Indonesian export policy, Russian sanctions, and EV battery demand all shift premiums weekly.
Battery-grade premium stack
Battery-grade nickel sulphate trades at significant premium to Class 1; stainless mills price differently again.
Margin call exposure
High-vol prices mean margin calls arrive faster and larger; without alerts, exits turn costly.
The old workflow
Check LME, MCX, and SHFE for nickel levels
Convert USD/MT to ₹/kg; factor in Class 1 / NPI premium
Assess battery-grade vs stainless-grade demand signals
Wait for import quotes during volatile sessions
Verify MTM and margin calls under high-vol conditions
Reconcile spreadsheets; P&L alignment at month-end
How Novaex changes this
Contract Picker
Map delivery to LME 3M prompt or MCX month; visualise carry on the most volatile contract on LME.
Price Hygiene
LME to clean ₹/kg with Class 1 premium overlay and stainless-grade differentials.
Supplier Signal Watch
Track Indonesian export quotas, Russian sanction adjustments, and EV demand inflections.
Hedge Windows
AI surfaces optimal entry points for nickel hedges across LME and MCX in volatile regimes.
One-tap RFQs
Send structured RFQs to Class 1, NPI, and battery-grade suppliers; timestamped and audit-ready.
Position Sync
Physical, hedges, and FX in one ledger; reconciled MTM across nickel positions with high-vol margin alerts.
Supplier Triggers
At‑a‑glance status for leading suppliers. (Sample data)
We never say "buy now." We frame: consider locking physical / layer hedge / hold & monitor.
Contract Picker
Indicative guide — select a delivery month to see which exchange prompt typically aligns. Not a trading recommendation.
For a June delivery, the indicative hedge prompt is Jun 3rd‑Wed on LME and June on MCX.
Carry impact ≈ ₹3.0–5.0/kg. FX sensitivity: ±0.5 in USD/INR ≈ ±₹8.0/kg.
Indicative only — actual contract selection depends on settlement dates, liquidity, and your broker. Consult your broker before placing trades.
Frequently Asked Questions
Ready to turn chaos into clarity?
See hedge windows early, align contracts, and keep P&L honest.
Analytics only. You remain the decision maker. Full policy in Terms.
Disclaimer: All prices, rates, and market data displayed on this page are indicative and provided for informational purposes only. They do not constitute investment advice, a solicitation, or a recommendation to buy, sell, or hold any commodity, security, or financial instrument. Aeonis Technology Private Limited (NOVAEX) makes no representation or warranty as to the accuracy, completeness, or timeliness of the information presented. Market data is sourced from third-party providers and may be delayed or differ from actual traded prices. Users should independently verify all data and consult qualified financial, legal, or tax advisors before making any trading or investment decisions. NOVAEX shall not be liable for any loss or damage arising from reliance on the information provided herein. Past performance is not indicative of future results. Use of this page is subject to our Terms of Service and Privacy Policy.