3-Month Nickel Commodity Price Falls Toward US$16,875/Ton (Tuesday, February 17, 2026)
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The 3-month forward nickel commodity price for Tuesday, October 01, 2024 trading rose. Today's 3-month forward nickel commodity price trading was recorded at US$17,625 per ton. This figure is higher than the previous day's trading which was at US$17,310 per ton. The current condition completes the movement of the 3-month forward nickel commodity price over the last 10 days which has been in an uptrend.
Over the past week, the 3-month forward nickel commodity price movement grew 7.01 percent with an average daily trading price of US$16,940 per ton. Meanwhile, compared to the price at the start of the year, this nickel commodity price has grown 4.91 percent. Meanwhile, so far this year, the highest trading value for nickel commodity was transacted at US$21,650 per ton which occurred on Monday, May 20, 2024.
(Read: 3-Month Wheat Contract Price Falls Toward US$598.6 per Bushel (Wednesday, October 02, 2024))
Annually, the average trading price of the 3-month forward nickel commodity over the last five years has been in an uptrend. Meanwhile, for monthly price monitoring, transactions over the last 12 months tend to rise. The highest monthly average nickel commodity price was recorded in May 2024 at US$19,770 per ton.
(Read: TSR20 Rubber Price Rises Toward US$211.5 per 100 Kg (Monday, September 30, 2024))
As reported by Katadata, Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan said the value of nickel and its derivative exports in 2015 was only US$3 billion. Nickel and its derivative exports are predicted to rise up to 20 times by 2025 due to Indonesia's government downstreaming program. Luhut claimed the downstreaming program makes the national economy better and stable. This is reflected in the equitable distribution of development in the country.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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