3-Month Nickel Commodity Price Traded at US$17,475/Ton in the Morning (Monday, March 09, 2026)

Westmetall recorded that the 3-month forward nickel commodity price rose 0.52% today to the level of US$17,475 per ton. This price increase is quite high compared to the average price movement in the past week.

The nickel commodity price saw its highest weekly jump on Monday, March 09, 2026, reaching 0.52%. Meanwhile, trading since the start of the year has strengthened with a year-to-date (YTD) growth of 3.31%.

(Read: 3-Month Wheat Contract Price - US Wheat Futures Traded at 588.4 Bushels in the Morning (Tuesday, March 10, 2026))

Current conditions complete the upward trend of the 3-month forward nickel commodity price over the last two days.

Over the past week, the 3-month forward nickel commodity price movement fell by -1.38% with an average daily transaction price of US$17,480 per ton. According to calculations by the Katadata Insight Center (KIC), year-to-date (YTD), the nickel commodity price has risen 3.31%. Even from this year's highest price of US$17,350 per ton, the 3-month forward nickel commodity price has decreased by 0.72%.

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 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.

(Read: Silver Price Rises to US$89,485/Troy Ounce (Tuesday, March 10, 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 or equivalent to Rp301 trillion. In 2022, the export value of this commodity reached US$34.28 billion or Rp530.1 trillion. Exports of nickel and its derivatives are predicted to increase up to 20 times by 2025 due to the Indonesian government's downstream program.