3-Month Nickel Commodity Futures Price Rises Toward US$18,560/Ton (Friday, April 17, 2026)

Westmetall recorded that the 3-month forward nickel commodity futures price rose 1.62% today to reach US$18,560 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, at 2.62%. It has strengthened by 9.73% compared to its position at the start of the year.

(Read: 3-Month Wheat Futures Price - US Wheat Futures Traded at 591.25 Bushels This Morning (Friday, April 17, 2026))

Current conditions are similar to the upward trend of the 3-month forward nickel commodity futures price over the past day.

Over the past week, the 3-month forward nickel commodity futures price has grown by 6.94% with an average daily transaction price of US$17,880 per ton. Meanwhile, compared to its position 30 days ago, the nickel commodity price has risen by 5.6%. Even from this year's peak price of US$17,350 per ton, the 3-month forward nickel commodity futures price has fallen by 6.97%.

Annually, the average trading price of 3-month forward nickel commodity futures 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 Traded at US$81.842/Troy Ounce This Morning (Friday, April 17, 2026))

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-fold by 2025 due to the Indonesian government's downstreaming program.