3-Month Nickel Commodity Price Traded at US$17,560/Ton in the Morning (Monday, March 02, 2026)

Westmetall recorded that today's 3-month forward nickel commodity price fell 1.84% to the level of US$17,560 per ton. This price drop is quite high compared to the average price movement in the past week.

Throughout this week, the nickel commodity price saw its highest spike on Monday, March 02, 2026, falling 1.84%. Meanwhile, trading since the start of the year has strengthened with a year-to-date growth of 3.81%.

(Read: 3-Month Wheat Contract Price - US Wheat Futures Fall to 575.9 Bushel Level (Tuesday, March 03, 2026))

Current conditions are similar to the 3-month forward nickel commodity price movement in the last day, which is in an uptrend.

Over the past week, the 3-month forward nickel commodity price movement rose 2.39% with an average daily transaction price of US$17,700 per ton. Meanwhile, compared to the position 30 days ago, the nickel commodity price movement has grown -2.98%. So far this year, the highest trading value for nickel commodities was transacted at US$17,350 per ton on Friday, February 20, 2026.

Annually, the average trading price of 3-month forward nickel commodities over the past five years has been in a downward trend. 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$18.03 thousand per ton.

(Read: Silver Price Traded at US$88.848/Troy Ounce in the Morning (Tuesday, March 03, 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, equivalent to Rp530.1 trillion. Nickel and its derivative exports are predicted to rise up to 20 times by 2025 due to the Indonesian government's downstreaming program.