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Nickel prices

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Nickel Cathode

Price description
icon
Price Range
Avg.
Change
Date
SMM #1 Nickel (USD/mt)
14,656.88-15,318.56
14,987.72
-48.15
Dec 05, 2025
#1 JinChuan Nickel (USD/mt)
15,281.1-15,318.56
15,299.83
-38.88
Dec 05, 2025
#1 JinChuan Nickel premium/discount (USD/mt)
599.26-624.23
611.74
-0.18
Dec 05, 2025
#1 Import Nickel (USD/mt)
14,706.82-14,769.24
14,738.03
-38.71
Dec 05, 2025
#1 Import Nickel premium/discount (USD/mt)
24.97-74.91
49.94
-0.01
Dec 05, 2025
Electro-deposited Nickel (USD/mt)
14,656.88-14,744.27
14,700.57
-41.82
Dec 05, 2025
Electro-deposited Nickel Premium (USD/mt)
(-24.97)-49.94
12.48
-3.13
Dec 05, 2025
Nickel Briquettes (USD/mt)
14,981.48-15,006.44
14,993.96
-38.79
Dec 05, 2025
SMM Indonesia Refined Nickel, FOB Indonesia (USD/tonne)
14,750-14,840
14,795
+170
Dec 05, 2025

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Nickel Ore

Price description
icon
Price Range
Avg.
Change
Date
Indonesia Laterite Nickel Ore 1.2% (delivered to destination port) (USD/wmt)
22-23
22.5
-0.5
Dec 05, 2025
Indonesia Laterite Nickel Ore 1.3%（delivered to destination port） (USD/wmt)
24-25
24.5
-0.5
Dec 05, 2025
Indonesia Laterite Nickel Ore 1.4%（delivered to destination port） (USD/wmt)
40.3-41.4
40.85
0
Dec 05, 2025
Indonesia Laterite Nickel Ore 1.5%（delivered to destination port） (USD/wmt)
46.3-47.4
46.85
0
Dec 05, 2025
Indonesia Laterite Nickel Ore 1.6% (delivered to destination port) (USD/wmt)
50.9-52.9
51.9
-0.6
Dec 05, 2025
Indonesia Laterite Nickel Ore 1.2%（FOB） (USD/wmt)
15-17
16
0
Dec 05, 2025
Indonesia Laterite Nickel Ore 1.3%（FOB） (USD/wmt)
17-19
18
0
Dec 05, 2025
Indonesia Laterite Nickel Ore 1.4%（FOB） (USD/wmt)
32.3-34.3
33.3
0
Dec 05, 2025
Indonesia Laterite Nickel Ore 1.5%（FOB） (USD/wmt)
37.3-39.4
38.35
0
Dec 05, 2025
Indonesia Laterite Nickel Ore 1.6%（FOB） (USD/wmt)
42.6-43.6
43.1
-0.7
Dec 05, 2025
Ni0.9%,Fe49%,Al≥7%,CIF,Philippines (USD/wmt)
28-30
29
0
Dec 05, 2025
Ni0.9%,Fe49%,Al<7%,CIF,Philippines (USD/wmt)
35-37
36
0
Dec 05, 2025
Ni1.3%,Fe15-25%,CIF,Philippines (USD/wmt)
41-43
42
0
Dec 05, 2025
Ni1.4%,Fe15-25%,CIF,Philippines (USD/wmt)
49-51
50
0
Dec 05, 2025
Ni1.5%,Fe15-25%,CIF,Philippines (USD/wmt)
56-58
57
0
Dec 05, 2025
Ni1.8%,Fe15-20%,CIF,Others region (USD/wmt)
77-80
78.5
0
Dec 05, 2025
Ni0.9%,Fe49%,Al≥7% FOB,Philippines (USD/wmt)
13-16.5
14.75
0
Dec 05, 2025
Ni0.9%,Fe49%,Al<7%,FOB,Philippines (USD/wmt)
24-25
24.5
0
Dec 05, 2025
Ni1.3%,Fe15-25%,FOB,Philippines (USD/wmt)
31-33
32
0
Dec 05, 2025
Ni1.4%,Fe15-25%,FOB,Philippines (USD/wmt)
41-43
42
0
Dec 05, 2025
Ni1.8%,Fe15-20%,FOB (USD/wmt)
68-71
69.5
0
Dec 05, 2025
Ni1.5%,Fe15-25%,FOB,Philippines (USD/wmt)
48-50
49
0
Dec 05, 2025
SMM the Philippines 1.3% Laterite Nickel Ore, CIF Indonesia (USD/mt)
42-44
43
0
Dec 05, 2025
SMM the Philippines 1.4% Laterite Nickel Ore, CIF Indonesia (USD/mt)
49-51
50
0
Dec 05, 2025

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Ocean Freight Rate for Nickel Ore

Price description
Price Range
Avg.
Change
Date
Indonesia Nickel Ore Shipping Freight(Central Sulawesi to IMIP Port) (USD)
3.6-4.6
4.1
0
Dec 05, 2025
Indonesia Nickel Ore Shipping Freight (Southeast Sulawesi to IMIP Port) (USD)
5.6-6.6
6.1
0
Dec 05, 2025
Indonesia Nickel Ore Shipping Freight (Central Sulawesi to IWIP Port) (USD)
7.5-8.5
8
0
Dec 05, 2025
Indonesia Nickel Ore Shipping Freight(Southeast Sulawesi to IWIP Port) (USD)
9.8-11.2
10.5
0
Dec 05, 2025
Nickel Ore Freight Rates Philippines to Lianyungang Port (USD/mt)
10.5-11.5
11
0
Dec 05, 2025
Nickel Ore Freight Rates Philippines to Tianjin Port (USD/mt)
11.5-12.5
12
0
Dec 05, 2025

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FeNi

Price description
Price Range
Avg.
Change
Date
15-20% FeNi , DDP China (USD/nickel unit)
113.61-117.35
115.48
-0.03
Dec 05, 2025
20-25% FeNi , DDP China (USD/nickel unit)
124.22-129.22
126.72
-0.04
Dec 05, 2025
Ni≥30%FeNi , DDP China (USD/nickel unit)
131.71-140.45
136.08
-0.04
Dec 05, 2025

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NPI Price

Price description
icon
Price Range
Avg.
Change
Date
NPI (10-12%) (USD/mtu)
109.49-110.49
109.99
-0.03
Dec 05, 2025
NPI (10-12%) Indonesia (USD/mtu)
109.74-110.61
110.18
-0.03
Dec 05, 2025
High-grade NPI Index (USD/mtu)
110.34-110.34
110.34
-0.04
Dec 05, 2025
Low-Carbon High-Grade NPI Index (USD/ni)
111.11-111.11
111.11
-0.04
Dec 05, 2025
Indonesia NPI FOB Index (USD/mtu)
109.6-109.6
109.6
-0.03
Dec 05, 2025
NPI (8-12%) (USD/mtu)
109.74-110.36
110.05
-0.03
Dec 05, 2025
NPI(10-14%) Indonesia (USD/mtu)
109.74-112.11
110.93
-0.03
Dec 05, 2025
NPI (8-10%) (USD/mtu)
110.24-111.36
110.8
-0.03
Dec 05, 2025
NPI (12-14%) Indonesia (USD/mtu)
110.36-111.74
111.05
-0.03
Dec 05, 2025
NPI(Ni≥14%) Indonesia (USD/mtu)
110.49-113.98
112.24
-0.03
Dec 05, 2025
NPI (1.5-1.7%) (USD/mt)
393.26-405.75
399.51
-0.12
Dec 05, 2025

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Stainless Steel

Price description
icon
Price Range
Avg.
Change
Date
201/2B Coil (Wuxi) (USD/mt)
986.28-998.77
992.52
-0.29
Dec 05, 2025
304/2B Coil - Burr Edge (Wuxi) (USD/mt)
1,573.05-1,598.02
1,585.54
-0.47
Dec 05, 2025
201 J2/2B Coil (Wuxi) (USD/mt)
898.89-911.37
905.13
-0.27
Dec 05, 2025
304/2B Coil - Deburred Edge (Wuxi) (USD/mt)
1,641.72-1,654.2
1,647.96
-0.49
Dec 05, 2025
304/No.1 Coil (Wuxi) (USD/mt)
1,510.63-1,535.6
1,523.12
-0.45
Dec 05, 2025
316L/2B coil (Wuxi) (USD/mt)
2,927.63-3,008.78
2,968.2
-0.88
Dec 05, 2025
316L/No.1 coil (Wuxi) (USD/mt)
2,846.48-2,896.42
2,871.45
-0.85
Dec 05, 2025
430/2B Coil (Wuxi) (USD/mt)
942.58-955.07
948.83
-0.28
Dec 05, 2025
409L/2B Coil (Wuxi) (USD/mt)
948.83-961.31
955.07
-0.28
Dec 05, 2025
201/2B Coil (Foshan) (USD/mt)
980.04-992.52
986.28
-0.29
Dec 05, 2025
304/2B Coil-EM (Foshan) (USD/mt)
1,573.05-1,598.02
1,585.54
-0.47
Dec 05, 2025
201 J2/2B Coil (Foshan) (USD/mt)
892.65-905.13
898.89
-0.27
Dec 05, 2025
304/2B Coil-EC (Foshan) (USD/mt)
1,641.72-1,654.2
1,647.96
-0.49
Dec 05, 2025
304/No.1 Coil (Foshan) (USD/mt)
1,510.63-1,535.6
1,523.12
-0.45
Dec 05, 2025
304/2B Coil-EM, FOB Indonesia (USD/mt)
1,720-1,765
1,742.5
0
Dec 05, 2025
304/NO.1 Coil-EM, FOB Indonesia (USD/mt)
1,635-1,680
1,657.5
0
Dec 05, 2025
316L/2B coil (Foshan) (USD/mt)
2,927.63-3,008.78
2,968.2
-0.88
Dec 05, 2025
316L/No.1 coil (Foshan) (USD/mt)
2,846.48-2,896.42
2,871.45
-0.85
Dec 05, 2025
430/2B Coil (Foshan) (USD/mt)
942.58-955.07
948.83
-0.28
Dec 05, 2025
409L/2B Coil (Foshan) (USD/mt)
948.83-961.31
955.07
-0.28
Dec 05, 2025
201/2B Coil (National Average Price) (USD/mt)
1,002.51-1,002.51
1,002.51
-0.3
Dec 05, 2025
304/2B Coil (National Average Price) (USD/mt)
1,587.41-1,587.41
1,587.41
-0.47
Dec 05, 2025
304/NO.1 Coil (National Average Price) (USD/mt)
1,525.61-1,525.61
1,525.61
-0.45
Dec 05, 2025
316/2B Coil (National Average Price) (USD/mt)
2,970.08-2,970.08
2,970.08
-0.88
Dec 05, 2025
430/2B Coil (National Average Price) (USD/mt)
950.7-950.7
950.7
-0.28
Dec 05, 2025
201 recharge (Foshan) (USD/mt)
606.62-648.95
627.79
+6.87
Dec 05, 2025
304 Scrap Stainless Steel Cut-Off (USD/mt)
1,269.68-1,283.79
1,276.73
-0.38
Dec 05, 2025
304 Edge Material (Foshan) (USD/mt)
1,255.57-1,297.9
1,276.73
-0.38
Dec 05, 2025
316 recharge (Shanghai) (USD/mt)
2,391.23-2,419.45
2,405.34
-0.71
Dec 05, 2025
316 recharge (Foshan) (USD/mt)
2,391.23-2,405.34
2,398.28
-0.71
Dec 05, 2025
430 recharge (Foshan) (USD/mt)
507.87-521.98
514.93
-0.15
Dec 05, 2025
Malaysia 304 SS Scrap (USD/mt)
1,104-1,128
1,116
0
Dec 05, 2025

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Nickel Compound

Price description
icon
Price Range
Avg.
Change
Date
Battery-Grade Nickel Sulphate (USD/mt)
3,428.26-3,445.74
3,437
-2.27
Dec 05, 2025
SMM Battery-Grade Nickel Sulphate Index (USD/mt)
3,402.54-3,402.54
3,402.54
-2.38
Dec 05, 2025
Electroplating-Grade Nickel Sulphate (USD/mt)
3,682.95-4,119.91
3,901.43
-1.16
Dec 05, 2025
Nickel Chloride NiCl₂·6H₂O (USD/mt)
4,307.17-4,556.87
4,432.02
-1.31
Dec 05, 2025
Nickel(II)oxide (USD/mt)
13,233.64-13,982.71
13,608.17
-4.03
Dec 05, 2025

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Nickel Intermediates

Price description
Price Range
Avg.
Change
Date
SMM Indonesia Nickel in MHP, outright price, FOB Indonesia (USD/nickel ton)
13,073-13,073
13,073
+22
Dec 05, 2025
SMM Indonesia Cobalt in MHP, outright price, FOB Indonesia (USD/cobalt tonne)
48,041-48,041
48,041
+115
Dec 05, 2025
MHP Payable (Against SMM Battery-Grade Nickel Sulphate Index) (%)
88-88
88
0
Dec 05, 2025
MHP Cobalt Element Pricing Coefficient (Against SMM Cobalt Sulphate Average Price) (%)
93-95
94
0
Dec 05, 2025
MHP Cobalt Payable to SMM Cobalt Metal (in-whs Rotterdam) (%)
96.5-96.5
96.5
0
Dec 05, 2025
Indonesia High-grade Nickel Matte FOB (USD/nickel ton)
13,355-13,355
13,355
+22
Dec 05, 2025

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Auxiliary Material for Nickel

Price description
Price Range
Avg.
Change
Date
Sulfur (CIF Indonesia) (USD/mt)
520-530
525
+15
Dec 03, 2025
SMM Sodium hydroxide, CIF Indonesia (USD/mt)
425-435
430
-2.5
Dec 03, 2025

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Premium and Discount

Price description
Price Range
Avg.
Change
Date
JinChuan B&C (USD/mt)
636.71-649.2
642.95
-0.19
Dec 05, 2025
Russian Nickel Premium (USD/mt)
62.42-99.88
81.15
-0.02
Dec 05, 2025

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SHFE

Price description
Price
Open
High
Low
Vol.
Change
NI2512 (CNY/mt)
117,820
117,450
118,000
117,450
420
+440
NI2601 (CNY/mt)
118,170
117,900
118,480
117,670
59,473
+410
NI2602 (CNY/mt)
118,380
118,050
118,670
117,880
15,022
+430
NI2603 (CNY/mt)
118,560
118,300
118,900
118,070
4,708
+390
NI2604 (CNY/mt)
118,850
118,460
119,110
118,370
388
+450
NI2605 (CNY/mt)
119,060
118,840
119,420
118,610
2,462
+380
NI2606 (CNY/mt)
119,460
119,100
119,570
118,950
27
+540
NI2607 (CNY/mt)
119,760
119,450
119,760
119,170
6
+570
NI2608 (CNY/mt)
119,850
119,850
119,850
119,850
1
+510
NI2609 (CNY/mt)
119,900
119,890
120,290
119,680
33
+360
NI2610 (CNY/mt)
120,320
120,260
120,320
120,260
2
+530
NI2611 (CNY/mt)
120,400
120,680
120,680
120,400
3
+250

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LME

Price description
Price
Open
High
Low
Vol.
Change
LMEselect Nickel 3 Month (USD/mt)
14,950
14,890
14,960
14,840
5,020
+65

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SHFE/LME Ratio

Price description
Price
Open
High
Low
Change
SMM Spot/LME03
7.9311
7.9316
7.9512
7.9249
-0.0038
SHFE.NI2512/LME03
7.8809
7.8746
7.9113
7.8667
-0.0043
SHFE.NI2601/LME03
7.9043
7.9048
7.9244
7.8981
-0.0037
SHFE.NI2602/LME03
7.9184
7.9149
7.9358
7.9108
-0.0004
SHFE.NI2603/LME03
7.9304
7.929
7.9497
7.9242
-0.0051
SHFE.NI2604/LME03
7.9498
7.9423
7.9658
7.939
-0.0019
SHFE.NI2605/LME03
7.9639
7.9651
7.9853
7.9584
-0.0052
SHFE.NI2606/LME03
7.9906
7.9826
8.004
7.9732
+0.0081
SHFE.NI2607/LME03
8.0107
8.0034
8.0329
7.9739
+0.0026
SHFE.NI2608/LME03
8.0167
8.0248
8.0544
8.0114
-0.0102
SHFE.NI2609/LME03
8.0201
8.0355
8.053
8.0188
-0.0222
SHFE.NI2610/LME03
8.0482
8.0576
8.082
8.0428
+0.0072
SHFE.NI2611/LME03
8.0535
8.0722
8.0749
8.0535
-0.0096

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Import Arbitrage

Price description
Price
Open
High
Low
Change
Nickel import arbitrage(Spot) (CNY/mt)
-1,118.9155
-1,103.956
-839.0334
-1,212.4151
-121.6106
Nickel import arbitrage(NI2512) (CNY/mt)
-2,312.9534
-2,402.4408
-1,865.4428
-2,531.8685
-129.3055
Nickel import arbitrage(NI2601) (CNY/mt)
-2,325.0268
-2,310.0445
-2,045.282
-2,418.5608
-122.0108
Nickel import arbitrage(NI2602) (CNY/mt)
-2,334.7369
-2,373.4577
-2,091.8745
-2,452.1165
-74.7806
Nickel import arbitrage(NI2603) (CNY/mt)
-2,462.3501
-2,481.7869
-2,185.6208
-2,567.1403
-139.3113
Nickel import arbitrage(NI2604) (CNY/mt)
-2,487.3383
-2,512.5634
-2,172.6119
-2,597.0772
-56.3797
Nickel import arbitrage(NI2605) (CNY/mt)
-2,420.3086
-2,400.6938
-2,100.2444
-2,500.758
-79.2938
Nickel import arbitrage(NI2606) (CNY/mt)
-2,354.9003
-2,487.6145
-2,185.6467
-2,642.8206
+43.0196
Nickel import arbitrage(NI2607) (CNY/mt)
-2,437.2863
-2,561.6918
-2,137.9584
-3,015.2941
-37.2265

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