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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)
14,661.22-15,323.1
14,992.16
-43.71
Dec 05, 2025
#1 JinChuan Nickel (USD/mt)
15,285.63-15,323.1
15,304.37
-34.34
Dec 05, 2025
#1 JinChuan Nickel premium/discount (USD/mt)
599.44-624.41
611.92
0
Dec 05, 2025
#1 Import Nickel (USD/mt)
14,711.17-14,773.61
14,742.39
-34.34
Dec 05, 2025
#1 Import Nickel premium/discount (USD/mt)
24.98-74.93
49.95
0
Dec 05, 2025
Electro-deposited Nickel (USD/mt)
14,661.22-14,748.64
14,704.93
-37.46
Dec 05, 2025
Electro-deposited Nickel Premium (USD/mt)
(-24.98)-49.95
12.49
-3.12
Dec 05, 2025
Nickel Briquettes (USD/mt)
14,985.92-15,010.89
14,998.4
-34.34
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)
3,429.28-3,446.76
3,438.02
-1.25
Dec 05, 2025
SMM Battery-Grade Nickel Sulphate Index (USD/mt)
3,403.55-3,403.55
3,403.55
-1.37
Dec 05, 2025
Electroplating-Grade Nickel Sulphate (USD/mt)
3,684.04-4,121.13
3,902.58
0
Dec 05, 2025
Nickel Chloride NiCl₂·6H₂O (USD/mt)
4,308.45-4,558.22
4,433.33
0
Dec 05, 2025
Nickel(II)oxide (USD/mt)
13,237.56-13,986.85
13,612.21
0
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)
636.9-649.39
643.15
0
Dec 05, 2025
Russian Nickel Premium (USD/mt)
62.44-99.91
81.17
0
Dec 05, 2025

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SHFE

Price description
Price
Open
High
Low
Vol.
Change
NI2512 (CNY/mt)
117,450
117,790
117,950
117,050
702
+50
NI2601 (CNY/mt)
117,790
117,800
118,350
117,430
107,217
+60
NI2602 (CNY/mt)
117,950
117,940
118,510
117,620
32,193
0
NI2603 (CNY/mt)
118,200
118,240
118,730
117,850
7,830
+30
NI2604 (CNY/mt)
118,440
118,540
118,980
118,120
866
+30
NI2605 (CNY/mt)
118,700
118,800
119,270
118,370
2,788
+20
NI2606 (CNY/mt)
118,900
119,130
119,280
118,690
75
-60
NI2607 (CNY/mt)
119,280
119,440
119,500
118,880
21
+60
NI2608 (CNY/mt)
119,560
119,390
119,560
119,220
5
0
NI2609 (CNY/mt)
119,790
119,960
120,200
119,240
273
+140
NI2610 (CNY/mt)
119,770
119,630
120,000
119,630
6
-160
NI2611 (CNY/mt)
120,100
120,240
120,240
120,070
10
-50

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LME

Price description
Price
Open
High
Low
Vol.
Change
LMEselect Nickel 3 Month (USD/mt)
14,890
14,890
14,905
14,840
747
+5

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SHFE/LME Ratio

Price description
Price
Open
High
Low
Change
SMM Spot/LME03
7.9349
7.9223
7.9485
7.9202
-0.0033
SHFE.NI2512/LME03
7.8852
7.8895
7.9106
7.8689
+0.0021
SHFE.NI2601/LME03
7.908
7.8954
7.9217
7.8934
-0.0033
SHFE.NI2602/LME03
7.9188
7.9048
7.9337
7.9048
-0.0046
SHFE.NI2603/LME03
7.9355
7.9249
7.9484
7.9249
-0.0067
SHFE.NI2604/LME03
7.9517
7.9504
7.9665
7.9356
-0.006
SHFE.NI2605/LME03
7.9691
7.9678
7.9873
7.959
-0.006
SHFE.NI2606/LME03
7.9825
7.9899
8.0054
7.9738
-0.0081
SHFE.NI2607/LME03
8.0081
8.0054
8.0222
7.9819
+0.0007
SHFE.NI2608/LME03
8.0269
8.0289
8.0349
8.0087
+0.0256
SHFE.NI2609/LME03
8.0423
8.0402
8.0592
8.0202
-0.0094
SHFE.NI2610/LME03
8.041
8.0424
8.0727
8.0262
-0.0208
SHFE.NI2611/LME03
8.0631
8.0725
8.0902
8.0523
-0.0088

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Import Arbitrage

Price description
Price
Open
High
Low
Change
Nickel import arbitrage(Spot) (CNY/mt)
-997.3049
-1,196.4621
-810.7349
-1,224.7702
-121.7197
Nickel import arbitrage(NI2512) (CNY/mt)
-2,183.6479
-2,190.0595
-1,851.4189
-2,461.3266
+9.0467
Nickel import arbitrage(NI2601) (CNY/mt)
-2,203.016
-2,453.6547
-2,062.3679
-2,481.9507
-70.8098
Nickel import arbitrage(NI2602) (CNY/mt)
-2,259.9563
-2,517.2343
-2,095.0777
-2,517.2343
-78.2737
Nickel import arbitrage(NI2603) (CNY/mt)
-2,323.0388
-2,539.4167
-2,188.5009
-2,573.463
-119.615
Nickel import arbitrage(NI2604) (CNY/mt)
-2,430.9586
-2,429.0909
-2,189.2039
-2,695.5526
-156.7176
Nickel import arbitrage(NI2605) (CNY/mt)
-2,341.0148
-2,355.1987
-2,064.8917
-2,850.1026
-95.4323
Nickel import arbitrage(NI2606) (CNY/mt)
-2,397.9199
-2,352.586
-2,122.895
-2,627.7526
-72.1446
Nickel import arbitrage(NI2607) (CNY/mt)
-2,400.0598
-2,521.3499
-2,272.277
-2,838.7505
+74.6283

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