Dear SMM Users,
Indonesia is one of the world's major nickel ore producing regions, with saprolite laterite nickel ore widely used as feedstock for nickel pig iron (NPI) production. Differences in nickel grade, moisture content, iron content, and S/M ratio can significantly affect the transaction value and smelting economics of nickel ore.
To further enhance transparency in the Indonesian domestic nickel ore market and provide a more representative price reference for actively traded ore specifications, SMM is launching a new price point for Indonesia domestic 1.3% saprolite laterite nickel ore delivered to destination ports.
The new price point focuses on 1.3% nickel saprolite ore, with a moisture content of approximately 35%, an S/M ratio of 1.8–2.5, and Fe content of 25% max. The assessment reflects transaction prices for domestic Indonesian nickel ore delivered to destination ports and is intended to provide a reliable reference for domestic ore procurement, pricing negotiations, and cost analysis.
The new price point will complement SMM's existing nickel ore assessments and further expand SMM's coverage of the Indonesian domestic nickel ore market.
I. Data Name
SMM: Indonesia 1.3% Laterite Nickel Ore (Saprolite) Delivered to Destination Port Indonesia: Daily Price
II. Price Point Details
Price Point: SMM Indonesia Domestic 1.3% Saprolite Laterite Nickel Ore Delivered to Destination Port
- Product: SMM Indonesia 1.3% Laterite Nickel Ore (Saprolite) Delivered to Destination Port Indonesia
- Quality Standard: Ni 1.3%, moisture 35%, S/M ratio 1.8–2.5, Fe 25% max
- Definition: Delivered to Indonesian main ports
- Unit: USD/metric tonne
- Minimum Transaction Volume: Min 7500 wmt
- Payment Terms: L/C/TT at sight in USD, Other Payment Terms Normalized
- Update Frequency: Daily
- Data Collection Time: 09:00–11:00 Jakarta Time
- Publication Time: 11:00 Jakarta Time on working days
The new assessment is designed to provide a transparent and representative reference for Indonesian domestic 1.3% saprolite laterite nickel ore transactions. By focusing on delivered-to-port transactions and standardizing key commercial terms, the price point can better reflect prevailing domestic market conditions and support comparisons of ore procurement costs and smelting economics.
SMM welcomes feedback and suggestions from market participants regarding this new price point.
If you have any questions, please feel free to contact us
SMM Nickel Research Team
September 11, 2026