3-Month Forward Nickel Commodity Price Traded at US$17,060/Ton in the Morning (Wednesday, February 18, 2026)
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The 3-month forward nickel commodity price for transactions on Tuesday, October 01, 2024 rose. Today's 3-month forward nickel commodity price trading was recorded at US$17,625 per ton. This figure is higher than the previous day's trading which was at US$17,310 per ton. The current condition completes the movement of the 3-month forward nickel commodity price over the last 10 days which is in an uptrend.
Over the past week, the 3-month forward nickel commodity price movement grew 7.01 percent with an average daily transaction price of US$16,940 per ton. Meanwhile, compared to the price at the beginning of the year, this nickel commodity price has grown 4.91 percent. Meanwhile, so far this year, the highest trading value for nickel commodities was ever transacted at a price of US$21,650 per ton which occurred on Monday, May 20, 2024.
(Read: 3-Month Wheat Contract Price Drops to US$598.6 per Bushel (Wednesday, October 02, 2024))
Annually, the average trading price of the 3-month forward nickel commodity over the last five years is in an uptrend. Meanwhile, for monthly price monitoring, transactions over the last 12 months tend to rise. The highest average monthly nickel commodity price was recorded in May 2024 at US$19,770 per ton.
(Read: TSR20 Rubber Price Rises to US$211.5 per 100 Kg (Monday, September 30, 2024))
As reported by Katadata, Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan said the value of nickel and its derivative exports in 2015 was only US$3 billion. Exports of nickel and its derivatives are predicted to rise up to 20 times by 2025 due to the Indonesian government's downstream program. Luhut claims that the downstream program makes the national economy better and stable. This is reflected in the equitable distribution of development within the country.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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