Last Four Days: Nickel Commodity Price for 3-Month Forward Contracts Continued to Decline
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Westmetall recorded that the price of nickel commodity for 3-month forward contracts fell 0.48% today to the level of US$ 16,740 per ton. This price drop is relatively steep compared to the average price movement over the past week.
Nickel commodity prices recorded zero percent growth (the highest swing this week) on Monday, 22 June 2026, and has weakened by 1.03% compared to the start of the year.
(Read: Wheat Price 3-Month Contract - US Wheat Futures Fell to 589.75 Bushel (Friday, 26 June 2026))
The current condition confirms that nickel 3-month forward contract prices have been on a declining trend over the last four consecutive days.
Over the past week, nickel 3-month forward contract prices decreased by 6.77%, with an average daily transaction price of US$ 17,320 per ton. Compared to 30 days prior, nickel prices have dropped by 12.24%. Furthermore, from this year's peak price of US$ 19,675 per ton, the 3-month nickel contract price has fallen 14.92%.
On an annual basis, the average trading price of 3-month nickel forward contracts has shown a downward trend over the last five years. Meanwhile, on monthly monitoring, transaction prices over the past 12 months have trended upwards; the highest monthly average nickel price was recorded in May 2026 at US$ 19,010 per ton.
(Read: TSR20 Rubber Price - Rubber TSR20 Futures Fell to US$ 208.6 / 100 Kg (Thursday, 25 June 2026))
As reported by Katadata, Indonesia's Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan stated that the export value of nickel and its derivatives was only US$ 3 billion in 2015. This export value is projected to increase 20-fold by 2025 thanks to the Indonesian government's downstream industrialization program. Luhut claims this program has improved and stabilized the national economy, which is reflected in equitable domestic development.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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