3-Month Nickel Commodity Price Traded at US$17,890/Ton in the Morning (Friday, February 27, 2026)

Westmetall recorded that today's 3-month forward nickel commodity price rose 0.96% to the level of US$17,890 per ton. This price increase is quite high compared to the average price movement in the last week.

Throughout this week, the nickel commodity price saw its highest surge on Tuesday, February 24, 2026, at 1.37%. Meanwhile, trading since the start of the year has strengthened with a year-to-date growth of 5.76%.

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The current condition is similar to the movement of the 3-month forward nickel commodity price in the last day, which is in an uptrend.

Over the past week, the 3-month forward nickel commodity price movement grew 4.87% with an average daily transaction price of US$17,640 per ton. According to calculations by the Katadata Insight Center (KIC), year-to-date (ytd), the nickel commodity price has risen 5.76%. Even from its highest price this year at US$17,350 per ton, the 3-month forward nickel commodity price has fallen 3.11%.

Annually, the average trading price of the 3-month forward nickel commodity has been in a downtrend over the last 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.

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As reported by Katadata, Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan said that the value of nickel and its derivative exports in 2015 was only US$3 billion. Exports of nickel and its derivatives are predicted to rise up to 20 times by 2025 due to Indonesia's government downstreaming program. Luhut claimed that the downstreaming program has made the national economy better and stable. This is reflected in the equitable distribution of development within the country.