Nickel Commodity Price for 3-Month Forward Contract Drops to US$16,230 /Ton (Friday, 25 September 2026)
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The price of nickel commodity for 3-month forward contract for trades on Friday, 25 September 2026 has decreased. Today's trading price for 3-month forward nickel commodity contracts was recorded at US$16,230 per ton. This figure is lower than the previous trading day which stood at US$16,475 per ton. This current condition marks two consecutive days of downward trend for 3-month forward nickel commodity contract prices.
Over the past week, the price movement of 3-month forward nickel commodity contracts recorded -0.12% growth, with an average daily transaction price of US$16.38 thousand per ton. Meanwhile compared to the position 30 days ago, nickel commodity price movement has recorded -3.68% growth. Even from this year's peak price of US$19,675 per ton, the 3-month forward nickel commodity contract price has fallen by 17.51%.
(Read: Wheat Price 3-Month Contract - US Wheat Futures Falls For Four Consecutive Days)
On an annual basis, the average trading price of 3-month forward nickel commodity contracts over the last five years is on a downward trend. Meanwhile, for monthly price monitoring, transactions over the last 12 months have tended to increase. The highest recorded monthly average price for nickel commodity was noted in May 2026 at US$19.01 thousand per ton.
Factors Affecting Nickel Prices
Nickel prices are influenced by surging demand for electric vehicle (EV) batteries on one side, and the scale of supply from Indonesia as the world's largest nickel producer on the other. Downstream industrialization policies, ore export bans, smelter expansions, as well as stainless steel demand are the main drivers.
What is Nickel and Why is its Price Monitored?
Nickel is a metal traded with reference to the London Metal Exchange (LME), and is a strategic raw material for batteries and stainless steel. Indonesia holds the world's largest nickel reserves and production, so domestic policies directly impact global prices.
Why Can Nickel Prices Rise or Fall Today?
(Read: TSR20 Rubber Price - Rubber TSR20 Futures Drops to US$253.2 /100 Kg (Friday, 25 September 2026))
Daily nickel prices are largely driven by EV battery demand, Indonesian smelter supply dynamics, stainless steel prices, as well as US Dollar trends and the Chinese economy. Over the past 30 days, the nickel price trend has generally been downward (weakening).
The nickel governance corruption case implicating PT Ceria Nugraha Indotama has highlighted regulatory risks in this metal industry. as reported by Katadata "State officials have unlawfully received sums of money from CNI," stated the Attorney General's Office.
The nickel industry is a major pressure point for Indonesia's ecosystem protection efforts. as reported by Katadata "Indonesia's forests, seas and Indigenous Peoples continue to be displaced by pressure from the nickel industry." This condition threatens the country's national conservation targets.
"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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