Nickel Commodity Price for 3-Month Forward Contracts Rises Over the Past Three Days
- A Small
- A Medium
- A Bigger
The price of nickel commodity for 3-month forward contracts for trades on Friday, 06 November 2026 increased. Today's trading price for nickel 3-month forward contracts was recorded at US$ 16,280 per ton. This figure is higher than the previous trading day which stood at US$ 16,265 per ton. Current conditions mirror the upward trend seen in nickel 3-month forward contract prices over the last three days.
Over the past week, the price movement of nickel commodity 3-month forward contracts grew by 3.37%, with an average daily transaction price of US$ 15.72 thousand per ton. Meanwhile, compared to prices at the start of the year, this nickel commodity price has recorded a -3.75% growth. Even from this year's peak price of US$ 19,675 per ton, nickel 3-month forward contract prices have fallen by 17.26%.
On an annual basis, the average trading price of nickel 3-month forward contracts over the last five years is on a downward trend. Meanwhile, for monthly price monitoring, transactions over the past 12 months have also tended to decline. The highest recorded monthly average price for nickel commodity was noted in May 2026 at US$ 19.01 thousand per ton.
Factors Affecting Nickel Prices
Nickel prices are influenced by surging demand for electric vehicle (EV) batteries on one hand, and the scale of supply from Indonesia as the world's largest nickel producer on the other. Downstream industrialization policies, ore export bans, smelter expansions, as well as demand for stainless steel are the main drivers.
What is Nickel and Why is its Price Monitored?
Nickel is a metal traded with reference to the London Metal Exchange (LME), and is a strategic raw material for batteries and stainless steel. Indonesia holds the world's largest nickel reserves and production, so domestic policies directly impact global prices.
Why Can Nickel Prices Rise or Fall Today?
Daily nickel prices are largely driven by EV battery demand, Indonesian smelter supply dynamics, stainless steel prices, as well as US Dollar movements and the Chinese economy. Over the past 30 days, nickel price trends have generally been upward (positive growth).
The DSI single-window export supervision scheme now covers nickel NPI and ferronickel. as reported by Katadata "Under Indonesian HS codes, ferronickel and NPI use the same code." This classification forms the basis for national nickel commodity price governance.
Nickel business operators have welcomed the DSI single-window export scheme, but are still awaiting clarity on operational costs for the policy which will take effect next 1 January. as reported by Katadata "Acting as the sole intermediary is indeed the best approach for DSI at this time," stated the chairman of the nickel industry association.
"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."
Related Data
Latest Data Stories
Market Data
| Name | Value | % | |
|---|---|---|---|
| Inflasi yoy (Okt) | 3,23% | -0.05 | |
| Inflasi mom (Agu) | 0,21% | +0.35 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Mar) | 8,07% | -0.18 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 18.132 | +0.29 | |
| PDB ADHK (Q2) | 3.576,20 | +3.73 | |
| Ekspor Migas (Sep) | 951,70 | -4.08 | |
| Neraca perdagangan (Sep) | 3,36 | -5.51 | |
| Impor Migas (Sep) | 3,27 | -7.35 | |
| Ekspor (Sep) | 27,59 | +3.68 | |
| Impor (Sep) | 24,23 | +5.09 | |
| Kunjungan Wisman (Sep) | 1,43 | -10.79 | |
| NTP (Jul) | 116,16 | +1.32 |
Trending Topics
Popular Data
