3-Month Forward Nickel Commodity Price Drops to US$17,530/Ton Level (Friday, March 13, 2026)

The 3-month forward nickel commodity price for Friday, March 13, 2026 trading has dropped. Today's 3-month forward nickel commodity price is recorded at US$17,530 per ton. This figure is lower than the previous day's trading which stood at US$17,725 per ton. The current condition contrasts with the 3-month forward nickel commodity price movement in the last day which was in an uptrend.

Over the past week, the 3-month forward nickel commodity price movement grew by -0.26% with an average daily trading price of US$17,480 per ton. According to calculations by the Katadata Insight Center (KIC), year-to-date (ytd), the nickel commodity price has risen by 3.64%. Even from this year's highest price of US$17,350 per ton, the 3-month forward nickel commodity price has dropped by 1.04%.

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Annually, the average 3-month forward nickel commodity trading price over the last five years has been in a downtrend. Meanwhile, for monthly price monitoring, transactions in the last 12 months tend to rise. The highest average monthly nickel commodity price was recorded in January 2026 at US$18,030 per ton.

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Citing previous Katadata news, Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan projected that the value of nickel and its derivative exports could reach US$60 billion or around Rp927.84 trillion in 2025. This is due to the downstreaming of nickel for electric vehicles (EVs). In 2022, the value of nickel and its derivative exports reached US$34.28 billion or Rp530.1 trillion.