Nickel Commodity Price for 3-Month Forward Contract Drops to US$16,740 /Ton (Friday, 26 June 2026)
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Westmetall recorded that today the 3-month forward nickel commodity contract price fell by 0.48% to the level of US$ 16,740 per ton. This price decline is relatively large compared to the average price movement over the past week.
Nickel commodity prices recorded zero percent gain at this week's peak on Monday, 22 June 2026; overall it has weakened by 1.03% compared to the start of the year position.
Current conditions confirm the downward trend for 3-month forward nickel contract prices observed over the last four trading days.
Over the past week, the 3-month forward nickel contract price moved -6.77% with an average daily transaction price of US$ 17,320 per ton. As a result, throughout 2026 nickel prices have fallen by 1.03% from the year opening level of US$ 16,915 per ton. Even against this year's peak price of US$ 19,675 per ton, the 3-month nickel contract has dropped by 14.92%.
On an annual basis, the average trading price for 3-month forward nickel contracts has shown a downward 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 recorded in May 2026 at US$ 19,010 per ton.
(Read: Silver Price Rises to US$59.224 /Troy Ounce (Friday, 26 June 2026))
The Coordinating Ministry for Maritime Affairs and Investment recorded that in the first half of 2023, year-to-date export value of nickel and its derivatives reached US$ 19.47 billion (approx. IDR 301 trillion). In 2022, this commodity export value reached US$ 34.28 billion (IDR 530.1 trillion). Nickel and derivative exports are projected to increase up to 20-fold 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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