3-Month Forward Nickel Commodity Price Traded at US$18,175/Ton This Morning (Monday, April 20, 2026)

Westmetall recorded that the 3-month forward nickel commodity price today fell 2.07% to the level of US$18,175 per ton. This price drop is quite significant compared to the average price movement over the past week.

The nickel commodity price hit its weekly high on Monday, April 20, 2026, then fell 2.07%. It has strengthened by 7.45% compared to its position at the start of the year.

(Read: 3-Month Wheat Contract Price - US Wheat Futures Traded at 606.9 Bushels This Morning (Tuesday, April 21, 2026))

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

Over the past week, the 3-month forward nickel commodity price rose 5.64% with an average daily transaction price of US$18,020 per ton. According to calculations by the Katadata Insight Center (KIC), year-to-date (ytd), the nickel commodity price has increased by 7.45%. Even from this year's highest price of US$17,350 per ton, the 3-month forward nickel commodity price has fallen 4.76%.

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 over 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.

(Read: Tsr20 Rubber Price - Rubber Tsr20 Futures - Rises to US$205.4/100 Kg (Monday, April 20, 2026))

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