Nickel Commodity Price for 3-Month Forward Contracts Falls for Three Consecutive Days
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Westmetall recorded that the nickel commodity price for 3-month forward contracts dropped by 0.03% today, reaching the level of US$ 16,820 per tonne. This price decline is relatively significant compared to the average price movement over the past week.
Nickel commodity prices recorded the highest weekly surge on Monday, June 22 2026 at 0%. It has weakened by 0.56% compared to its position at the start of the year.
(Read: Wheat Price Three-Month Contract - US Wheat Futures Drops to 597.6 Bushel (Friday, June 26 2026))
Current conditions mirror the downward trend seen in nickel 3-month forward contract prices over the last three days.
Over the past week, the 3-month nickel forward contract price moved -5.69%, with an average daily transaction price of US$ 17,490 per tonne. According to Katadata Insight Center (KIC) calculations, the year-to-date (YTD) value for this nickel commodity price has contracted by 0.56%. Measured from this year's peak price of US$ 19,675 per tonne, the 3-month nickel forward contract price has fallen by 14.51%.
On an annual basis, the average trading price for 3-month nickel forward contracts has been on 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 tonne.
(Read: TSR20 Rubber Price - Rubber TSR20 Futures - Declined Over The Last Three Days)
As reported by Katadata, Indonesia's Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan stated that in 2015, export value of nickel and its derivatives was only US$ 3 billion. This export value is projected to increase 20-fold by 2025 thanks to the government's downstream industrialization program. Luhut claimed this downstream program has improved and stabilized the national economy, as reflected in equitable domestic development across the country.
"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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