3-Month Nickel Commodity Price Falls to US$17,335/Ton Level (Monday, March 16, 2026)

The 3-month forward nickel commodity contract price fell on Monday, March 16, 2026. Today's 3-month forward nickel commodity contract trading price was recorded at US$17,335 per ton. This figure is lower than the previous day's trading price of US$17,530 per ton. The current situation breaks the upward trend of the 3-month forward nickel commodity contract price over the past two days.

Over the past week, the 3-month forward nickel commodity contract price rose by 0.09% with an average daily trading price of US$17,480 per ton. Compared to the beginning of the year, this nickel commodity price has increased by 2.48%. Even from its highest price this year of US$17,350 per ton, the 3-month forward nickel commodity contract price has fallen by 0.09%.

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

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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. Indonesia's government downstreaming program is predicted to increase nickel and its derivative exports by up to 20 times by 2025.