Nickel Commodity Price for the 3-Month Forward Contract This Morning Traded at US$ 16,180 per Ton (Tuesday, September 17, 2024)
- A Small
- A Medium
- A Bigger
The price of nickel commodities for the next 3-month contract on Tuesday, September 17, 2024, decreased. Trading of nickel commodities for the 3-month contract today was recorded at US$16,180 per ton. This figure is lower than the previous day's trading, which was at US$16,200 per ton. The current condition is similar to the movement of nickel commodity prices for the 3-month contract in the last day, which is in a shrinking trend.
Over the past week, the price movement of nickel commodities for the 3-month contract grew by 1.12 percent, with an average daily transaction price of US$16,030 per ton. Compared to the position 30 days ago, the price movement of nickel commodities has grown by 1.12 percent. This year, the highest trading value for nickel commodities was transacted at US$21,650 per ton, which occurred on Monday, May 20, 2024.
Annually, the average trading price of nickel commodities for the 3-month contract over the past five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to decline. The highest average monthly price of nickel commodities was recorded in May 2024 at US$19,770 per ton.
As reported by Katadata, the Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, stated that the value of nickel and its derivative exports in 2015 was only US$3 billion. Nickel and its derivative exports are predicted to increase up to 20 times by 2025 due to the Indonesian government's downstreaming program. Luhut claims that the downstreaming program has made the national economy better and more stable. This is reflected in the equitable distribution of development within 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."
Related Data
Latest Data Stories
Trending Topics
Popular Data