Nickel Commodity Price for 3-Month Forward Contract This Morning Traded at US$15,505/Ton (Wednesday, May 21, 2025)
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Nickel commodity prices for the three-month forward contract on Wednesday, May 21, 2025, decreased. Trading of nickel commodity prices for the three-month forward contract today was recorded at US$15,505 per ton. This figure is lower than the previous day's trading, which was at US$15,540 per ton. The current situation is similar to the movement of nickel commodity prices for the three-month forward contract in the last day, which is in a downward trend.
Over the past week, the price movement of nickel commodities for the three-month forward contract grew by -1.12%, with an average daily transaction price of US$15,620 per ton. As a result, throughout 2025, the price of nickel commodities has increased by 1.37% from its year-beginning position of US$15,295 per ton. Even from its highest price this year at US$16,710 per ton, the price of nickel commodities for the three-month forward contract has fallen by 7.21%.
Annually, the average trading price of nickel commodities for the three-month forward contract over the past five years has been in a downward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decline. The highest average monthly price of nickel commodities was recorded in June 2024 at US$17,780 per ton.
The Coordinating Ministry for Maritime Affairs and Investment noted that in the first half of 2023, the value of nickel and its derivative exports year-to-date reached US$19.47 billion, equivalent to Rp 301 trillion. In 2022, the value of exports of this commodity reached US$34.28 billion or Rp 530.1 trillion. Nickel and its derivative exports are predicted to increase up to 20 times in 2025 due to the Indonesian government's downstreaming program.
"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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