3-Month Nickel Commodity Price Rises Toward US$17,420/Ton Level (Tuesday, March 17, 2026)

Westmetall recorded that the 3-month forward nickel commodity price rose 0.49% today to the level of US$17,420 per ton. This price increase is quite high compared to the average price movement in the past week.

Throughout this week, the nickel commodity price saw its highest jump on Tuesday, March 17, 2026, at 0.49%. Meanwhile, trading since the start of the year has strengthened with a year-to-date (YTD) growth of 2.99%.

(Read: 3-Month Wheat Contract Price - US Wheat Futures Have Fallen for the Past Three Days)

Current conditions are similar to the upward trend of the 3-month forward nickel commodity price in the last day.

In the past week, the 3-month forward nickel commodity price movement grew 0.2% with an average daily transaction price of US$17,480 per ton. According to calculations by the Katadata Insight Center (KIC), in the year-to-date (YTD) period, the nickel commodity price has risen 2.99%. Meanwhile, so far this year, the highest trading value for nickel commodity was transacted at US$17,350 per ton on Friday, February 20, 2026.

Annually, the average trading price of the 3-month forward nickel commodity has been on a downward trend over the past five years. Meanwhile, for monthly price monitoring, transactions in 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: Silver Price Rises Toward US$79.967/Troy Ounce Level (Wednesday, March 18, 2026))

Citing previous Katadata news, Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan projected that the value of nickel and its derivative exports could reach US$60 billion or around Rp927.84 trillion in 2025. This is due to the downstreaming of nickel into electric vehicles (EVs). In 2022, the value of nickel and its derivative exports reached US$34.28 billion or Rp530.1 trillion.