3-Month Nickel Commodity Price Traded at US$17,720/Ton in the Morning (Thursday, February 26, 2026)

Westmetall recorded that today's 3-month forward nickel commodity price fell 1.56% to the level of US$17,720 per ton. This price drop is quite high compared to the average price movement in the past week.

The nickel commodity price saw its highest weekly jump on Tuesday, February 24, 2026, at 1.37%. It has strengthened by 4.76% compared to its early-year position.

(Read: 3-Month Wheat Contract Price - US Wheat Futures Rise to 577.63 Bushel Level (Friday, February 27, 2026))

Current conditions are similar to the movement of the 3-month forward nickel commodity price in the last day, which is in a declining trend.

Over the past week, the 3-month forward nickel commodity price rose 5.01% with an average daily transaction price of US$17,520 per ton. As a result, throughout 2026, the nickel commodity price has risen 4.76% from its early-year level of US$16,915 per ton. Even from its highest price this year at US$18,975 per ton, the 3-month forward nickel commodity price has fallen 6.61%.

Annually, the average trading price of the 3-month forward nickel commodity has been in a declining 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 to US$89,525/Troy Ounce Level (Thursday, February 26, 2026))

The Coordinating Ministry for Maritime and Investment Affairs 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 rise up to 20 times by 2025 due to the Indonesian government's downstreaming program.