3-Month Forward Nickel Commodity Price Rises Toward US$17,385/Ton (Friday, March 06, 2026)

Westmetall recorded that the 3-month forward nickel commodity price rose 0.38% today to reach the level of US$17,385 per ton. This price increase is quite high compared to the average price movement over the past week.

Throughout this week, the nickel commodity price saw its highest surge on Wednesday, March 04, 2026, at 2.6%. Meanwhile, trading since the start of the year has strengthened with a year-to-date (YTD) growth of 2.78%.

(Read: Last Three Days, 3-Month Wheat Contract Price - US Wheat Futures Continue to Rise)

Current conditions are similar to the upward trend of the 3-month forward nickel commodity price over the last day.

Over the past week, the 3-month forward nickel commodity price movement grew by -3.42% with an average daily transaction price of US$17,510 per ton. According to calculations by the Katadata Insight Center (KIC), year-to-date (YTD), the nickel commodity price has risen 2.78%. Even from its highest price this year at US$17,350 per ton, the 3-month forward nickel commodity price has fallen by 0.2%.

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

(Read: Morning Silver Price Traded at US$80.84 /Troy Ounce (Monday, March 09, 2026))

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.