3-Month Nickel Commodity Price Traded at US$18,380/Ton on Morning of Wednesday, April 22, 2026

Westmetall recorded that the 3-month forward nickel commodity price rose 0.33% today to the level of US$18,380 per ton. This price increase is relatively high compared to the average price movement over the past week.

The nickel commodity price saw its highest weekly jump on Tuesday, April 21, 2026, at 0.8%. It has strengthened by 8.66% compared to its position at the start of the year.

(Read: 3-Month Wheat Contract Price - US Wheat Futures Traded at 608.6 Bushels on Morning of Thursday, April 23, 2026)

Current conditions fulfill the upward trend of 3-month forward nickel commodity prices over the past two days.

Over the past week, the 3-month forward nickel commodity price has grown 4.14% with an average daily transaction price of US$18,290 per ton. As a result, in 2026 so far, the nickel commodity price has risen 8.66% from its start-of-year position at US$16,915 per ton. Meanwhile, the highest transaction value for nickel commodities this year was traded at US$17,350 per ton on Friday, February 20, 2026.

Annually, the average 3-month forward nickel commodity trading price has been on a downward trend over the past five years. Meanwhile, for monthly price monitoring, transactions over the past 12 months have tended to rise. The highest monthly average nickel commodity price was recorded in January 2026 at US$18,030 per ton.

(Read: Silver Price Traded at US$77.723/Troy Ounce on Morning of Thursday, April 23, 2026)

The Coordinating Ministry for Maritime and Investment Affairs recorded that in the first half of 2023, the year-on-year export value of nickel and its derivatives 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. Indonesia's government downstreaming program is predicted to increase exports of nickel and its derivatives by up to 20 times by 2025.