Nickel Commodity Price for 3-Month Forward Contracts Falls for Four Consecutive Days
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Westmetall recorded that today the price of nickel commodity for 3-month forward contracts dropped 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.
Previously, nickel commodity prices recorded their highest spike on Monday, June 22, 2026 at 0%. It has weakened down by 1.03% compared to the start of the year position.
Current conditions mark that nickel commodity prices for 3-month forward contracts have been on a downward trend for the last four trading days.
Over the past week, nickel 3-month forward contract prices moved -6.77%, with an average daily transaction price of US$ 17,320 per ton. As a result, throughout 2026 nickel prices have fallen 1.03% from the year opening level of US$ 16,915 per ton. Even from its 2026 peak price of US$ 19,675 per ton, this 3-month nickel contract price has dropped by 14.92%.
On an annual basis, the average trading price for 3-month nickel forward contracts over the last five years is on a declining trend. Meanwhile, monthly price monitoring shows upward movement 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 Traded This Morning at US$ 58.373 / Troy Ounce (Monday, June 29, 2026))
The Coordinating Ministry for Maritime Affairs and Investment noted that in the first semester 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 reached 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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