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Nickel prices

Switch to Originalswitch

Nickel Cathode

Price description
icon
Price Range
Avg.
Change
Date
SMM #1 Nickel (USD/mt)
14,169.62-15,046.6
14,608.11
+152.84
Dec 18, 2025
#1 JinChuan Nickel (USD/mt)
14,996.49-15,046.6
15,021.55
+183.9
Dec 18, 2025
#1 JinChuan Nickel premium/discount (USD/mt)
814.35-839.4
826.87
+43.31
Dec 18, 2025
#1 Import Nickel (USD/mt)
14,232.26-14,257.31
14,244.79
+140.56
Dec 18, 2025
#1 Import Nickel premium/discount (USD/mt)
50.11-50.11
50.11
-0.03
Dec 18, 2025
Electro-deposited Nickel (USD/mt)
14,169.62-14,257.31
14,213.46
+140.58
Dec 18, 2025
Electro-deposited Nickel Premium (USD/mt)
(-12.53)-50.11
18.79
-0.01
Dec 18, 2025
Nickel Briquettes (USD/mt)
14,482.83-14,520.41
14,501.62
+140.38
Dec 18, 2025
SMM Indonesia Refined Nickel, FOB Indonesia (USD/tonne)
14,600-14,690
14,645
-150
Dec 12, 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
Dec 12, 2025
Indonesia Laterite Nickel Ore 1.3%（delivered to destination port） (USD/wmt)
24-25
24.5
0
Dec 12, 2025
Indonesia Laterite Nickel Ore 1.4%（delivered to destination port） (USD/wmt)
40.3-41.4
40.85
0
Dec 12, 2025
Indonesia Laterite Nickel Ore 1.5%（delivered to destination port） (USD/wmt)
46.3-47.4
46.85
0
Dec 12, 2025
Indonesia Laterite Nickel Ore 1.6% (delivered to destination port) (USD/wmt)
50.9-52.9
51.9
0
Dec 12, 2025
Indonesia Laterite Nickel Ore 1.2%（FOB） (USD/wmt)
15-17
16
0
Dec 12, 2025
Indonesia Laterite Nickel Ore 1.3%（FOB） (USD/wmt)
17-19
18
0
Dec 12, 2025
Indonesia Laterite Nickel Ore 1.4%（FOB） (USD/wmt)
32.3-34.3
33.3
0
Dec 12, 2025
Indonesia Laterite Nickel Ore 1.5%（FOB） (USD/wmt)
37.3-39.4
38.35
0
Dec 12, 2025
Indonesia Laterite Nickel Ore 1.6%（FOB） (USD/wmt)
42.6-43.6
43.1
0
Dec 12, 2025
Ni0.9%,Fe49%,Al≥7%,CIF,Philippines (USD/wmt)
28-30
29
0
Dec 18, 2025
Ni0.9%,Fe49%,Al<7%,CIF,Philippines (USD/wmt)
35-37
36
0
Dec 18, 2025
Ni1.3%,Fe15-25%,CIF,Philippines (USD/wmt)
40-42
41
-1
Dec 18, 2025
Ni1.4%,Fe15-25%,CIF,Philippines (USD/wmt)
47-49
48
-2
Dec 18, 2025
Ni1.5%,Fe15-25%,CIF,Philippines (USD/wmt)
54-56
55
-2
Dec 18, 2025
Ni1.8%,Fe15-20%,CIF,Others region (USD/wmt)
77-80
78.5
0
Dec 18, 2025
Ni0.9%,Fe49%,Al≥7% FOB,Philippines (USD/wmt)
13-16.5
14.75
0
Dec 18, 2025
Ni0.9%,Fe49%,Al<7%,FOB,Philippines (USD/wmt)
24-25
24.5
0
Dec 18, 2025
Ni1.3%,Fe15-25%,FOB,Philippines (USD/wmt)
31-33
32
0
Dec 18, 2025
Ni1.4%,Fe15-25%,FOB,Philippines (USD/wmt)
39-41
40
-2
Dec 18, 2025
Ni1.8%,Fe15-20%,FOB (USD/wmt)
68-71
69.5
0
Dec 18, 2025
Ni1.5%,Fe15-25%,FOB,Philippines (USD/wmt)
46-48
47
-2
Dec 18, 2025
SMM the Philippines 1.3% Laterite Nickel Ore, CIF Indonesia (USD/mt)
42-44
43
0
Dec 18, 2025
SMM the Philippines 1.4% Laterite Nickel Ore, CIF Indonesia (USD/mt)
49-51
50
0
Dec 18, 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 12, 2025
Indonesia Nickel Ore Shipping Freight (Southeast Sulawesi to IMIP Port) (USD)
5.6-6.6
6.1
0
Dec 12, 2025
Indonesia Nickel Ore Shipping Freight (Central Sulawesi to IWIP Port) (USD)
7.5-8.5
8
0
Dec 12, 2025
Indonesia Nickel Ore Shipping Freight(Southeast Sulawesi to IWIP Port) (USD)
9.8-11.2
10.5
0
Dec 12, 2025
Nickel Ore Freight Rates Philippines to Lianyungang Port (USD/mt)
8-9
8.5
-2.5
Dec 18, 2025
Nickel Ore Freight Rates Philippines to Tianjin Port (USD/mt)
9-10
9.5
-2.5
Dec 18, 2025

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FeNi

Price description
Price Range
Avg.
Change
Date
15-20% FeNi , DDP China (USD/nickel unit)
112.76-116.51
114.63
-0.08
Dec 18, 2025
20-25% FeNi , DDP China (USD/nickel unit)
124.03-127.79
125.91
-0.09
Dec 18, 2025
Ni≥30%FeNi , DDP China (USD/nickel unit)
131.55-139.07
135.31
-0.09
Dec 18, 2025

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NPI Price

Price description
icon
Price Range
Avg.
Change
Date
NPI (10-12%) (USD/mtu)
109.87-111.63
110.75
-0.2
Dec 18, 2025
NPI (10-12%) Indonesia (USD/mtu)
110.25-111.5
110.88
-0.2
Dec 18, 2025
High-grade NPI Index (USD/mtu)
111.1-111.1
111.1
-0.19
Dec 18, 2025
Low-Carbon High-Grade NPI Index (USD/ni)
111.87-111.87
111.87
-0.19
Dec 18, 2025
Indonesia NPI FOB Index (USD/mtu)
110.26-110.26
110.26
-0.2
Dec 18, 2025
NPI (8-12%) (USD/mtu)
109.87-112
110.94
-0.2
Dec 18, 2025
NPI(10-14%) Indonesia (USD/mtu)
110.25-112.88
111.57
-0.2
Dec 18, 2025
NPI (8-10%) (USD/mtu)
111.25-112
111.63
-0.2
Dec 18, 2025
NPI (12-14%) Indonesia (USD/mtu)
110.63-112.88
111.75
-0.2
Dec 18, 2025
NPI(Ni≥14%) Indonesia (USD/mtu)
111.13-114.76
112.94
-0.2
Dec 18, 2025
NPI (1.5-1.7%) (USD/mt)
400.91-413.44
407.17
-0.28
Dec 18, 2025

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Stainless Steel

Price description
icon
Price Range
Avg.
Change
Date
201/2B Coil (Wuxi) (USD/mt)
1,002.27-1,027.33
1,014.8
-0.7
Dec 18, 2025
304/2B Coil - Burr Edge (Wuxi) (USD/mt)
1,572.31-1,597.37
1,584.84
+5.17
Dec 18, 2025
201 J2/2B Coil (Wuxi) (USD/mt)
902.04-914.57
908.31
-0.63
Dec 18, 2025
304/2B Coil - Deburred Edge (Wuxi) (USD/mt)
1,653.75-1,666.28
1,660.01
-1.15
Dec 18, 2025
304/No.1 Coil (Wuxi) (USD/mt)
1,522.2-1,540.99
1,531.6
+2.07
Dec 18, 2025
316L/2B coil (Wuxi) (USD/mt)
2,937.91-3,019.34
2,978.63
-2.07
Dec 18, 2025
316L/No.1 coil (Wuxi) (USD/mt)
2,856.47-2,906.59
2,881.53
-2
Dec 18, 2025
430/2B Coil (Wuxi) (USD/mt)
945.89-958.42
952.16
-0.66
Dec 18, 2025
409L/2B Coil (Wuxi) (USD/mt)
952.16-964.69
958.42
-0.67
Dec 18, 2025
201/2B Coil (Foshan) (USD/mt)
996.01-1,008.54
1,002.27
-0.7
Dec 18, 2025
304/2B Coil-EM (Foshan) (USD/mt)
1,572.31-1,597.37
1,584.84
+5.17
Dec 18, 2025
201 J2/2B Coil (Foshan) (USD/mt)
902.04-914.57
908.31
-0.63
Dec 18, 2025
304/2B Coil-EC (Foshan) (USD/mt)
1,653.75-1,666.28
1,660.01
-1.15
Dec 18, 2025
304/No.1 Coil (Foshan) (USD/mt)
1,522.2-1,540.99
1,531.6
+2.07
Dec 18, 2025
304/2B Coil-EM, FOB Indonesia (USD/mt)
1,750-1,795
1,772.5
0
Dec 18, 2025
304/NO.1 Coil-EM, FOB Indonesia (USD/mt)
1,665-1,710
1,687.5
0
Dec 18, 2025
316L/2B coil (Foshan) (USD/mt)
2,937.91-3,019.34
2,978.63
-2.07
Dec 18, 2025
316L/No.1 coil (Foshan) (USD/mt)
2,856.47-2,906.59
2,881.53
-2
Dec 18, 2025
430/2B Coil (Foshan) (USD/mt)
945.89-958.42
952.16
-0.66
Dec 18, 2025
409L/2B Coil (Foshan) (USD/mt)
952.16-964.69
958.42
-0.67
Dec 18, 2025
201/2B Coil (National Average Price) (USD/mt)
1,017.31-1,017.31
1,017.31
-0.71
Dec 18, 2025
304/2B Coil (National Average Price) (USD/mt)
1,586.72-1,586.72
1,586.72
+5.17
Dec 18, 2025
304/NO.1 Coil (National Average Price) (USD/mt)
1,534.73-1,534.73
1,534.73
+2.7
Dec 18, 2025
316/2B Coil (National Average Price) (USD/mt)
2,980.51-2,980.51
2,980.51
-2.07
Dec 18, 2025
430/2B Coil (National Average Price) (USD/mt)
954.04-954.04
954.04
-0.66
Dec 18, 2025
201 recharge (Foshan) (USD/mt)
615.83-658.3
637.07
-0.44
Dec 18, 2025
304 Scrap Stainless Steel Cut-Off (USD/mt)
1,281.22-1,295.37
1,288.29
-7.98
Dec 18, 2025
304 Edge Material (Foshan) (USD/mt)
1,252.9-1,295.37
1,274.14
-0.88
Dec 18, 2025
316 recharge (Shanghai) (USD/mt)
2,413.78-2,442.1
2,427.94
-1.69
Dec 18, 2025
316 recharge (Foshan) (USD/mt)
2,413.78-2,427.94
2,420.86
-1.68
Dec 18, 2025
430 recharge (Foshan) (USD/mt)
509.66-523.81
516.73
-0.36
Dec 18, 2025
Malaysia 304 SS Scrap (USD/mt)
1,104-1,128
1,116
0
Dec 18, 2025

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Nickel Compound

Price description
icon
Price Range
Avg.
Change
Date
Battery-Grade Nickel Sulphate (USD/mt)
3,430.27-3,442.8
3,436.54
-2.39
Dec 18, 2025
SMM Battery-Grade Nickel Sulphate Index (USD/mt)
3,397.83-3,397.83
3,397.83
-3.36
Dec 18, 2025
Electroplating-Grade Nickel Sulphate (USD/mt)
3,695.88-4,134.37
3,915.12
-2.72
Dec 18, 2025
Nickel Chloride NiCl₂·6H₂O (USD/mt)
4,322.3-4,572.86
4,447.58
-3.09
Dec 18, 2025
Nickel(II)oxide (USD/mt)
13,280.1-14,031.8
13,655.95
-9.48
Dec 18, 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)
12,715-12,715
12,715
-49
Dec 18, 2025
SMM Indonesia Cobalt in MHP, outright price, FOB Indonesia (USD/cobalt tonne)
47,877-47,877
47,877
+41
Dec 18, 2025
MHP Payable (Against SMM Battery-Grade Nickel Sulphate Index) (%)
85.5-86
85.75
+1
Dec 18, 2025
MHP Cobalt Element Pricing Coefficient (Against SMM Cobalt Sulphate Average Price) (%)
92-93
92.5
0
Dec 18, 2025
MHP Cobalt Payable to SMM Cobalt Metal (in-whs Rotterdam) (%)
95-95
95
0
Dec 18, 2025
Indonesia High-grade Nickel Matte FOB (USD/nickel ton)
12,990-12,990
12,990
-51
Dec 18, 2025

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Auxiliary Material for Nickel

Price description
Price Range
Avg.
Change
Date
Sulfur (CIF Indonesia) (USD/mt)
540-550
545
+7.5
Dec 17, 2025
SMM Sulfur (Solid) (USD/mt)
476.08-488.61
482.34
-6.6
Dec 18, 2025
SMM Sodium hydroxide, CIF Indonesia (USD/mt)
425-450
437.5
0
Dec 17, 2025

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Premium and Discount

Price description
Price Range
Avg.
Change
Date
JinChuan B&C (USD/mt)
814.35-839.4
826.87
+43.31
Dec 18, 2025
Russian Nickel Premium (USD/mt)
50.11-50.11
50.11
-0.03
Dec 18, 2025

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SHFE

Price description
Price
Open
High
Low
Vol.
Change
NI2601 (CNY/mt)
114,670
114,100
114,950
114,070
44,093
+1,090
NI2602 (CNY/mt)
114,850
114,290
115,150
114,240
31,048
+1,070
NI2603 (CNY/mt)
115,070
114,440
115,340
114,440
7,743
+1,070
NI2604 (CNY/mt)
115,410
114,550
115,630
114,550
788
+1,080
NI2605 (CNY/mt)
115,650
115,000
115,910
115,000
3,864
+1,100
NI2606 (CNY/mt)
115,800
115,620
116,090
115,460
63
+1,050
NI2607 (CNY/mt)
116,000
115,940
116,270
115,740
18
+1,120
NI2608 (CNY/mt)
116,200
116,510
116,570
116,010
17
+1,000
NI2609 (CNY/mt)
116,500
116,300
116,910
115,960
73
+1,080
NI2610 (CNY/mt)
116,840
117,280
117,280
116,840
3
+1,290
NI2611 (CNY/mt)
117,060
117,030
117,320
116,880
7
+1,190
NI2612 (CNY/mt)
117,240
117,370
117,810
117,140
28
+970

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LME

Price description
Price
Open
High
Low
Vol.
Change
LMEselect Nickel 3 Month (USD/mt)
14,565
14,385
14,580
14,365
6,588
+200

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SHFE/LME Ratio

Price description
Price
Open
High
Low
Change
SMM Spot/LME03
7.9128
7.9015
7.9298
7.8954
+0.0067
SHFE.NI2601/LME03
7.873
7.8608
7.8898
7.8575
+0.0069
SHFE.NI2602/LME03
7.8853
7.8739
7.9022
7.8678
+0.0068
SHFE.NI2603/LME03
7.9004
7.8843
7.9169
7.8788
+0.006
SHFE.NI2604/LME03
7.9238
7.8864
7.9387
7.8864
+0.0163
SHFE.NI2605/LME03
7.9403
7.9228
7.956
7.9174
+0.0107
SHFE.NI2606/LME03
7.9506
7.9464
7.9827
7.9286
+0.0058
SHFE.NI2607/LME03
7.9643
7.9684
8.0055
7.9464
+0.0175
SHFE.NI2608/LME03
7.978
7.9993
8.0207
7.9753
+0.0222
SHFE.NI2609/LME03
7.9986
7.9931
8.0297
7.9794
+0.0103
SHFE.NI2610/LME03
8.022
8.0494
8.0697
8.0192
+0.0268
SHFE.NI2611/LME03
8.0371
8.0488
8.082
8.0247
+0.0116
SHFE.NI2612/LME03
8.0494
8.0667
8.1013
8.0439
+0.0045

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Import Arbitrage

Price description
Price
Open
High
Low
Change
Nickel import arbitrage(Spot) (CNY/mt)
-611.7944
-833.0204
-353.9208
-926.2954
+124.9991
Nickel import arbitrage(NI2601) (CNY/mt)
-2,023.8143
-2,259.5229
-1,755.2074
-2,308.0101
+125.5521
Nickel import arbitrage(NI2602) (CNY/mt)
-2,077.1253
-2,298.9142
-1,819.0844
-2,392.2196
+125.3186
Nickel import arbitrage(NI2603) (CNY/mt)
-2,155.9751
-2,453.4989
-1,906.5925
-2,533.383
+117.9106
Nickel import arbitrage(NI2604) (CNY/mt)
-2,171.7323
-2,712.6796
-1,952.5612
-2,712.6796
+190.1158
Nickel import arbitrage(NI2605) (CNY/mt)
-2,492.8663
-2,744.0504
-2,263.1031
-2,823.8136
+109.915
Nickel import arbitrage(NI2606) (CNY/mt)
-2,334.8307
-2,463.3776
-1,897.6102
-2,666.6945
+119.7867
Nickel import arbitrage(NI2607) (CNY/mt)
-2,595.65
-2,604.4617
-2,056.3017
-2,867.5601
+289.9257
Nickel import arbitrage(NI2608) (CNY/mt)
-2,918.0443
-2,676.402
-2,358.9511
-2,944.094
+360.0832

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