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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)
14,676.82-15,351.32
15,014.07
+26.35
Dec 08, 2025
#1 JinChuan Nickel (USD/mt)
15,301.36-15,351.32
15,326.34
+26.51
Dec 08, 2025
#1 JinChuan Nickel premium/discount (USD/mt)
599.56-637.04
618.3
+6.56
Dec 08, 2025
#1 Import Nickel (USD/mt)
14,726.78-14,789.23
14,758.01
+19.98
Dec 08, 2025
#1 Import Nickel premium/discount (USD/mt)
24.98-74.95
49.96
+0.03
Dec 08, 2025
Electro-deposited Nickel (USD/mt)
14,676.82-14,764.25
14,720.53
+19.96
Dec 08, 2025
Electro-deposited Nickel Premium (USD/mt)
(-24.98)-49.96
12.49
+0.01
Dec 08, 2025
Nickel Briquettes (USD/mt)
15,001.58-15,026.56
15,014.07
+20.11
Dec 08, 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 08, 2025
Ni0.9%,Fe49%,Al<7%,CIF,Philippines (USD/wmt)
35-37
36
0
Dec 08, 2025
Ni1.3%,Fe15-25%,CIF,Philippines (USD/wmt)
41-43
42
0
Dec 08, 2025
Ni1.4%,Fe15-25%,CIF,Philippines (USD/wmt)
49-51
50
0
Dec 08, 2025
Ni1.5%,Fe15-25%,CIF,Philippines (USD/wmt)
56-58
57
0
Dec 08, 2025
Ni1.8%,Fe15-20%,CIF,Others region (USD/wmt)
77-80
78.5
0
Dec 08, 2025
Ni0.9%,Fe49%,Al≥7% FOB,Philippines (USD/wmt)
13-16.5
14.75
0
Dec 08, 2025
Ni0.9%,Fe49%,Al<7%,FOB,Philippines (USD/wmt)
24-25
24.5
0
Dec 08, 2025
Ni1.3%,Fe15-25%,FOB,Philippines (USD/wmt)
31-33
32
0
Dec 08, 2025
Ni1.4%,Fe15-25%,FOB,Philippines (USD/wmt)
41-43
42
0
Dec 08, 2025
Ni1.8%,Fe15-20%,FOB (USD/wmt)
68-71
69.5
0
Dec 08, 2025
Ni1.5%,Fe15-25%,FOB,Philippines (USD/wmt)
48-50
49
0
Dec 08, 2025
SMM the Philippines 1.3% Laterite Nickel Ore, CIF Indonesia (USD/mt)
42-44
43
0
Dec 08, 2025
SMM the Philippines 1.4% Laterite Nickel Ore, CIF Indonesia (USD/mt)
49-51
50
0
Dec 08, 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 08, 2025
Nickel Ore Freight Rates Philippines to Tianjin Port (USD/mt)
11.5-12.5
12
0
Dec 08, 2025

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FeNi

Price description
Price Range
Avg.
Change
Date
15-20% FeNi , DDP China (USD/nickel unit)
113.67-117.41
115.54
+0.06
Dec 08, 2025
20-25% FeNi , DDP China (USD/nickel unit)
124.28-129.28
126.78
+0.06
Dec 08, 2025
Ni≥30%FeNi , DDP China (USD/nickel unit)
131.78-140.52
136.15
+0.07
Dec 08, 2025

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NPI Price

Price description
icon
Price Range
Avg.
Change
Date
NPI (10-12%) (USD/mtu)
110.04-111.29
110.67
+0.68
Dec 08, 2025
NPI (10-12%) Indonesia (USD/mtu)
110.17-111.42
110.79
+0.62
Dec 08, 2025
High-grade NPI Index (USD/mtu)
110.92-110.92
110.92
+0.58
Dec 08, 2025
Low-Carbon High-Grade NPI Index (USD/ni)
111.69-111.69
111.69
+0.58
Dec 08, 2025
Indonesia NPI FOB Index (USD/mtu)
110.22-110.22
110.22
+0.62
Dec 08, 2025
NPI (8-12%) (USD/mtu)
110.29-111.17
110.73
+0.68
Dec 08, 2025
NPI(10-14%) Indonesia (USD/mtu)
110.17-112.92
111.54
+0.62
Dec 08, 2025
NPI (8-10%) (USD/mtu)
110.79-112.17
111.48
+0.68
Dec 08, 2025
NPI (12-14%) Indonesia (USD/mtu)
110.79-112.54
111.67
+0.62
Dec 08, 2025
NPI(Ni≥14%) Indonesia (USD/mtu)
110.92-114.79
112.86
+0.62
Dec 08, 2025
NPI (1.5-1.7%) (USD/mt)
393.46-405.95
399.71
+0.2
Dec 08, 2025

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Stainless Steel

Price description
icon
Price Range
Avg.
Change
Date
201/2B Coil (Wuxi) (USD/mt)
993.03-1,005.52
999.27
+6.75
Dec 08, 2025
304/2B Coil - Burr Edge (Wuxi) (USD/mt)
1,586.35-1,611.33
1,598.84
+13.3
Dec 08, 2025
201 J2/2B Coil (Wuxi) (USD/mt)
905.59-918.08
911.84
+6.71
Dec 08, 2025
304/2B Coil - Deburred Edge (Wuxi) (USD/mt)
1,655.05-1,667.54
1,661.29
+13.33
Dec 08, 2025
304/No.1 Coil (Wuxi) (USD/mt)
1,523.89-1,548.87
1,536.38
+13.26
Dec 08, 2025
316L/2B coil (Wuxi) (USD/mt)
2,929.12-3,010.31
2,969.71
+1.51
Dec 08, 2025
316L/No.1 coil (Wuxi) (USD/mt)
2,847.93-2,897.89
2,872.91
+1.46
Dec 08, 2025
430/2B Coil (Wuxi) (USD/mt)
943.06-955.55
949.31
+0.48
Dec 08, 2025
409L/2B Coil (Wuxi) (USD/mt)
949.31-961.8
955.55
+0.49
Dec 08, 2025
201/2B Coil (Foshan) (USD/mt)
986.78-999.27
993.03
+6.75
Dec 08, 2025
304/2B Coil-EM (Foshan) (USD/mt)
1,586.35-1,611.33
1,598.84
+13.3
Dec 08, 2025
201 J2/2B Coil (Foshan) (USD/mt)
899.35-911.84
905.59
+6.7
Dec 08, 2025
304/2B Coil-EC (Foshan) (USD/mt)
1,655.05-1,667.54
1,661.29
+13.33
Dec 08, 2025
304/No.1 Coil (Foshan) (USD/mt)
1,523.89-1,548.87
1,536.38
+13.26
Dec 08, 2025
304/2B Coil-EM, FOB Indonesia (USD/mt)
1,720-1,765
1,742.5
0
Dec 08, 2025
304/NO.1 Coil-EM, FOB Indonesia (USD/mt)
1,635-1,680
1,657.5
0
Dec 08, 2025
316L/2B coil (Foshan) (USD/mt)
2,929.12-3,010.31
2,969.71
+1.51
Dec 08, 2025
316L/No.1 coil (Foshan) (USD/mt)
2,847.93-2,897.89
2,872.91
+1.46
Dec 08, 2025
430/2B Coil (Foshan) (USD/mt)
943.06-955.55
949.31
+0.48
Dec 08, 2025
409L/2B Coil (Foshan) (USD/mt)
949.31-961.8
955.55
+0.49
Dec 08, 2025
201/2B Coil (National Average Price) (USD/mt)
1,009.27-1,009.27
1,009.27
+6.75
Dec 08, 2025
304/2B Coil (National Average Price) (USD/mt)
1,600.71-1,600.71
1,600.71
+13.3
Dec 08, 2025
304/NO.1 Coil (National Average Price) (USD/mt)
1,538.88-1,538.88
1,538.88
+13.27
Dec 08, 2025
316/2B Coil (National Average Price) (USD/mt)
2,971.59-2,971.59
2,971.59
+1.51
Dec 08, 2025
430/2B Coil (National Average Price) (USD/mt)
951.18-951.18
951.18
+0.48
Dec 08, 2025
201 recharge (Foshan) (USD/mt)
613.99-656.33
635.16
+7.38
Dec 08, 2025
304 Scrap Stainless Steel Cut-Off (USD/mt)
1,270.33-1,284.44
1,277.38
+0.65
Dec 08, 2025
304 Edge Material (Foshan) (USD/mt)
1,256.21-1,298.55
1,277.38
+0.65
Dec 08, 2025
316 recharge (Shanghai) (USD/mt)
2,392.45-2,420.68
2,406.56
+1.22
Dec 08, 2025
316 recharge (Foshan) (USD/mt)
2,392.45-2,406.56
2,399.5
+1.22
Dec 08, 2025
430 recharge (Foshan) (USD/mt)
508.13-522.24
515.19
+0.26
Dec 08, 2025
Malaysia 304 SS Scrap (USD/mt)
1,104-1,128
1,116
0
Dec 08, 2025

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Nickel Compound

Price description
icon
Price Range
Avg.
Change
Date
Battery-Grade Nickel Sulphate (USD/mt)
3,430-3,447.49
3,438.75
+1.75
Dec 08, 2025
SMM Battery-Grade Nickel Sulphate Index (USD/mt)
3,403.02-3,403.02
3,403.02
+0.48
Dec 08, 2025
Electroplating-Grade Nickel Sulphate (USD/mt)
3,684.82-4,122
3,903.41
+1.98
Dec 08, 2025
Nickel Chloride NiCl₂·6H₂O (USD/mt)
4,309.36-4,559.18
4,434.27
+2.25
Dec 08, 2025
Nickel(II)oxide (USD/mt)
13,240.36-13,989.82
13,615.09
+6.91
Dec 08, 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)
13,083-13,083
13,083
+10
Dec 08, 2025
SMM Indonesia Cobalt in MHP, outright price, FOB Indonesia (USD/cobalt tonne)
48,067-48,067
48,067
+26
Dec 08, 2025
MHP Payable (Against SMM Battery-Grade Nickel Sulphate Index) (%)
88-88
88
0
Dec 08, 2025
MHP Cobalt Element Pricing Coefficient (Against SMM Cobalt Sulphate Average Price) (%)
93-95
94
0
Dec 08, 2025
MHP Cobalt Payable to SMM Cobalt Metal (in-whs Rotterdam) (%)
96.5-96.5
96.5
0
Dec 08, 2025
Indonesia High-grade Nickel Matte FOB (USD/nickel ton)
13,366-13,366
13,366
+11
Dec 08, 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)
624.55-662.02
643.28
+0.33
Dec 08, 2025
Russian Nickel Premium (USD/mt)
49.96-99.93
74.95
-6.2
Dec 08, 2025

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SHFE

Price description
Price
Open
High
Low
Vol.
Change
NI2512 (CNY/mt)
117,410
117,780
117,780
116,900
132
-180
NI2601 (CNY/mt)
117,800
118,040
118,240
117,570
48,102
-230
NI2602 (CNY/mt)
117,960
118,350
118,440
117,800
12,772
-270
NI2603 (CNY/mt)
118,190
118,420
118,620
118,000
3,120
-240
NI2604 (CNY/mt)
118,400
118,740
118,860
118,280
698
-250
NI2605 (CNY/mt)
118,640
118,920
119,160
118,500
1,271
-350
NI2606 (CNY/mt)
118,920
118,930
119,050
118,780
60
-270
NI2607 (CNY/mt)
119,250
119,370
119,400
118,930
25
-150
NI2608 (CNY/mt)
119,500
119,560
119,560
119,500
2
-350
NI2609 (CNY/mt)
119,760
119,950
119,950
119,430
105
-50
NI2610 (CNY/mt)
119,940
120,090
120,190
119,940
3
-180
NI2611 (CNY/mt)
120,040
120,420
120,420
120,040
2
-190

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LME

Price description
Price
Open
High
Low
Vol.
Change
LMEselect Nickel 3 Month (USD/mt)
14,885
14,940
14,960
14,825
5,886
-85

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SHFE/LME Ratio

Price description
Price
Open
High
Low
Change
SMM Spot/LME03
7.9329
7.9224
7.9629
7.9224
-0.0074
SHFE.NI2512/LME03
7.8799
7.8941
7.9137
7.8562
-0.0135
SHFE.NI2601/LME03
7.906
7.8957
7.9359
7.8957
-0.0075
SHFE.NI2602/LME03
7.9168
7.9164
7.9494
7.9137
-0.0081
SHFE.NI2603/LME03
7.9322
7.9317
7.9629
7.931
-0.0054
SHFE.NI2604/LME03
7.9463
7.9531
7.9804
7.9463
-0.0101
SHFE.NI2605/LME03
7.9624
7.9625
7.9987
7.9624
-0.0108
SHFE.NI2606/LME03
7.9812
7.9899
8.0249
7.9812
-0.0094
SHFE.NI2607/LME03
8.0034
8.006
8.0337
7.9926
+0.0014
SHFE.NI2608/LME03
8.0201
8.0215
8.0607
8.0067
-0.0154
SHFE.NI2609/LME03
8.0376
8.0422
8.0701
8.0342
-0.0026
SHFE.NI2610/LME03
8.0497
8.057
8.1073
8.0462
-0.0073
SHFE.NI2611/LME03
8.0564
8.071
8.1118
8.0564
-0.0207

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Import Arbitrage

Price description
Price
Open
High
Low
Change
Nickel import arbitrage(Spot) (CNY/mt)
-1,139.6215
-1,217.2509
-709.5302
-1,217.2509
-175.2561
Nickel import arbitrage(NI2512) (CNY/mt)
-2,351.9471
-2,070.4041
-1,819.0987
-2,658.3674
-259.9917
Nickel import arbitrage(NI2601) (CNY/mt)
-2,323.2183
-2,400.2921
-1,893.2826
-2,400.2921
-175.6894
Nickel import arbitrage(NI2602) (CNY/mt)
-2,399.942
-2,331.0275
-1,932.9896
-2,399.942
-184.4799
Nickel import arbitrage(NI2603) (CNY/mt)
-2,486.8512
-2,411.6337
-2,047.3219
-2,486.8512
-146.5941
Nickel import arbitrage(NI2604) (CNY/mt)
-2,476.5845
-2,376.771
-1,966.118
-2,476.5845
-125.7891
Nickel import arbitrage(NI2605) (CNY/mt)
-2,773.0012
-2,773.2189
-2,232.5347
-2,773.2189
-135.682
Nickel import arbitrage(NI2606) (CNY/mt)
-2,587.7429
-2,409.4519
-1,914.5665
-2,587.7429
-204.4783
Nickel import arbitrage(NI2607) (CNY/mt)
-2,656.9696
-2,527.9974
-2,183.7134
-2,727.9974
-44.6894

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