3-Month Nickel Commodity Futures Price Rises for the Last Three Days

Westmetall recorded that today's 3-month nickel commodity futures price rose by 0.17% to the level of US$17,505 per ton. This price increase is relatively high compared to the average price movement over the past week.

The nickel commodity price saw its highest weekly jump this Monday, March 09, 2026, at 0.52%. Meanwhile, trading since the start of the year has strengthened with a year-to-date growth of 3.49%.

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Current conditions are similar to the upward trend of 3-month nickel commodity futures prices over the last three days.

Over the past week, the 3-month nickel commodity futures price movement fell by -2.15% with an average daily transaction price of US$17,420 per ton. Compared to the price at the start of the year, this nickel commodity price has grown by 3.49%. Even from its highest price this year at US$17,350 per ton, the 3-month nickel commodity futures price has dropped by 0.89%.

Annually, the average trading price of 3-month nickel commodity futures over the past five years has been on a downward trend. 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.

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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, equivalent to Rp301 trillion. In 2022, the export value of this commodity reached US$34.28 billion, or Rp530.1 trillion. Nickel and its derivative exports are predicted to rise up to 20 times by 2025 due to the Indonesian government's downstreaming program.