3-Month Forward Nickel Commodity Price Traded at US$17,725/Ton in the Morning (Thursday, March 12, 2026)

Westmetall recorded that the 3-month forward nickel commodity price rose 1.87% today to the level of US$17,725 per ton. This price increase is quite high compared to the average price movement in the past week.

The nickel commodity price saw its highest weekly jump on Thursday, March 12, 2026, at 1.87%. Meanwhile, trading since the start of the year has strengthened with a year-to-date growth of 4.79%.

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Current conditions are similar to the price movement of the 3-month forward nickel commodity in the last day, which is in an uptrend.

Over the past week, the price movement of the 3-month forward nickel commodity has grown by 3.47% with an average daily transaction price of US$17,480 per ton. Meanwhile, compared to the position 30 days ago, the nickel commodity price movement has grown by -6.59%. Even from its highest price this year at US$17,350 per ton, the 3-month forward nickel commodity price has fallen by 2.16%.

Annually, the average trading price of the 3-month forward nickel commodity over the past five years has been in a downward trend. Meanwhile, for monthly price monitoring, transactions in 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.

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The Coordinating Ministry for Maritime Affairs and Investment recorded that in the first half of 2023, the year-on-year value of nickel and its derivative exports reached US$19.47 billion or equivalent to Rp301 trillion. In 2022, the export value of this commodity reached US$34.28 billion or Rp530.1 trillion. Exports of nickel and its derivatives are predicted to rise up to 20 times by 2025 due to the Indonesian government's downstreaming program.