Nickel Commodity Price for 3-Month Forward Contracts Declined Over the Last Six Consecutive Days
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Westmetall recorded that the 3-month forward nickel commodity price today dropped by 1.41% to the level of US$ 16,405 per ton. This price decline is relatively large compared to the average price movement over the past week.
Nickel commodity prices posted their highest weekly swing on Monday, June 29 2026 with a 0.6% drop; it has weakened 3.02% compared to the start of the year position.
Current conditions confirm that 3-month forward nickel commodity prices have been on a downward trend for six consecutive days.
Over the past week, the 3-month forward nickel commodity price movement recorded -7.73% growth, with an average daily transaction price of US$ 16,930 per ton. Compared to 30 days prior, nickel price movement has reached -11.13% growth. For this year to date, the highest traded nickel price was US$ 19,675 per ton was recorded on Wednesday, 06 May 2026.
On an annual basis, the average 3-month forward nickel commodity price over the last five years is in a downtrend. Meanwhile, monthly price monitoring shows an upward trend over the past 12 months. The highest monthly average nickel price was recorded in May 2026 at US$ 19,010 per ton.
(Read: List of Highest Trading Volume Stocks - Session I 01 July 2026, Updated at 10:00 WIB)
The Coordinating Ministry for Maritime Affairs and Investment noted that in the first half of 2023, year-to-date exports of nickel and its derivatives reached US$ 19.47 billion, equivalent to IDR 301 trillion. In 2022, export value for this commodity reached US$ 34.28 billion or IDR 530.1 trillion. Exports of nickel and its derivatives are projected to increase up to 20-fold by 2025 due to Indonesia's government 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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