Nickel Commodity Price for 3-Month Forward Contract Drops to US$16,640 /Ton (Monday, 29 June 2026)
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Westmetall recorded that the nickel commodity price for 3-month forward contracts fell by 0.6% today to reach US$ 16,640 per ton. This price decline is relatively significant compared to the average price movement over the past week.
Throughout this week, nickel commodity prices posted the highest drop on Monday, 29 June 2026 at 0.6%. It has weakened by 1.63% compared to its position at the start of the year.
(Read: 3-Month Wheat Contract Price - US Wheat Futures Rises to 582 Bushel Level (Tuesday, 30 June 2026))
Current conditions align with the downward trend of 3-month forward nickel commodity prices observed over the last five trading days.
Over the past week, 3-month forward nickel commodity prices recorded a -7.4% change, with an average daily transaction price of US$17,130 per ton. Relative to the start of the year, this nickel price has changed by -1.63%. For this year, the highest traded price for nickel commodity was recorded at US$19,675 per ton on Wednesday, 06 May 2026.
On an annual basis, the average trading price for 3-month forward nickel contracts has been on a declining trend over the last five years. Meanwhile, monthly price monitoring shows an upward tendency over the past 12 months. The highest monthly average nickel price was logged in May 2026 at US$19,010 per ton.
(Read: TSR20 Rubber Price - Rubber TSR20 Futures Drops to US$210 /100 Kg (Monday, 29 June 2026))
The Coordinating Ministry for Maritime Affairs and Investment noted that in the first half of 2023, year-to-date export value of nickel and its derivatives reached US$19.47 billion, equivalent to IDR 301 trillion. In 2022, export value for this commodity hit US$ 34.28 billion or IDR 530.1 trillion. Exports of nickel and its derivatives are projected to increase up to 20 times by 2025 due to the Indonesian government's downstream industrialization 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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