3-Month Forward Nickel Commodity Price Traded at US$17,950/Ton in the Morning (Tuesday, April 14, 2026)

Westmetall recorded that the 3-month forward nickel commodity price rose 1.7% today to the level of US$17,950 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 Monday, April 13, 2026, reaching 2.62%. It has strengthened by 6.12% compared to its position at the start of the year.

(Read: 3-Month Wheat Contract Price - US Wheat Futures Rise to 594.1 Bushel Level (Wednesday, April 15, 2026))

Current conditions complete the upward trend of the 3-month forward nickel commodity price over the last two days.

Over the past week, the 3-month forward nickel commodity price rose 4.06% with an average daily transaction price of US$17,350 per ton. As a result, in 2026 so far, the nickel commodity price has increased by 6.12% from its start-of-year level of US$16,915 per ton. Even from its highest price this year at US$17,350 per ton, the 3-month forward nickel commodity price has fallen by 3.46%.

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 have tended to rise. The highest monthly average nickel commodity price was recorded in January 2026 at US$18,030 per ton.

(Read: Silver Price Rises to US$80.445/Troy Ounce (Wednesday, April 15, 2026))

As reported by Katadata, Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan stated that the value of nickel and its derivative exports in 2015 was only US$3 billion. These nickel and derivative exports are predicted to rise up to 20 times by 2025 due to the Indonesian government's downstreaming program. Luhut claimed that the downstreaming program has made the national economy better and more stable. This is reflected in the equitable distribution of development within the country.