As of now, the Indonesia MHP nickel FOB price is $16,398/mt Ni, and the Indonesia MHP cobalt FOB price is $51,302/mt Co. The MHP payables (against SMM battery-grade nickel sulphate index) is 85-86, and the MHP cobalt element payable indicator (against SMM refined cobalt (Rotterdam warehouse)) is 95. The Indonesia high-grade nickel matte FOB price is $16,485/mt Ni.

[SMM Tungsten Flash] This week, APT CIF Rotterdam offers remained stable at $3,000-3,200/mtu, with European raw material prices generally steady. In the scrap market, Indian tungsten scrap drill bits FOB were quoted at $130-140/kg, up 17.39% from last week. Driven by higher Chinese tungsten prices, Indian scrap traders have collectively raised their offers. Coupled with low inventory levels, overseas scrap transactions have been active recently, with market sentiment turning optimistic.

As of now, the FOB price of Indonesian MHP nickel stands at $16,743/mt Ni, and the FOB price of Indonesian MHP cobalt is $51,343/mt Co. The MHP payables (against the SMM battery-grade nickel sulphate index) range from 83.5-85, and the cobalt payable indicator for MHP (against SMM refined cobalt, Rotterdam warehouse) is 95. The FOB price of Indonesian high-grade nickel matte is $16,831/mt Ni.

As of now, the FOB price of MHP nickel in Indonesia is $17,010 per mt Ni, and the FOB price of MHP cobalt in Indonesia is $51,363 per mt Co. The MHP payables (against SMM battery-grade nickel sulphate index) are 89-90, and the MHP cobalt payable indicator (against SMM refined cobalt (warehouse Rotterdam)) is 95. The FOB price of Indonesian high-grade nickel matte is $17,098 per mt Ni.

As of now, the FOB price of Indonesian MHP nickel is $17,241/mt Ni, and the FOB price of Indonesian MHP cobalt is $51,393/mt Co. The MHP payables (against the SMM battery-grade nickel sulphate index) is 89-90, and the MHP cobalt payables (against the SMM refined cobalt (Rotterdam warehouse)) is 95. The FOB price of Indonesian high-grade nickel matte is $17,330/mt Ni.

As of now, the FOB price of Indonesian MHP nickel stands at $17,341/mt Ni, and Indonesian MHP cobalt at $51,393/mt Co. MHP payables (against the SMM battery-grade nickel sulphate index) are 89-90, with the MHP cobalt payable indicator (against SMM refined cobalt (Rotterdam warehouse)) at 95. The FOB price of Indonesian high-grade nickel matte is $17,430/mt Ni.

SMM Report, June 5: Benchmark monthly long-term contract prices for China’s tungsten sector were officially released recently. The Ganzhou Tungsten Association unveiled its June 2026 domestic tungsten forecast prices: 55% WO₃ black tungsten concentrate at RMB 505,000 per metric ton, down RMB 195,000/MT month-on-month; ammonium paratungstate (APT) priced at RMB 760,000 per metric ton, a MoM drop of RMB 260,000/MT;

As of now, the FOB price of Indonesian MHP nickel stands at $17,377/mt Ni, and the FOB price of Indonesian MHP cobalt is $51,393/mt Co. MHP payables (against the SMM battery-grade nickel sulphate index) are at 88-89, while the MHP cobalt element payable indicator (against SMM refined cobalt (Rotterdam warehouse)) is at 94. The FOB price of Indonesian high-grade nickel matte is $17,466/mt Ni.

[SMM Tungsten Express] APT CIF Rotterdam offers held steady at $3,000-3,200/mtu this week, up $50 from last week. Transactions remain light, but the rebound in Chinese tungsten prices has boosted European sentiment, with holders maintaining firm offers and few low-priced sources available. Prices are expected to consolidate at high levels in the near term. Indian scrap drill tips FOB rose 9.52% to $110-120/kg, driven by the rally in China.

In May, European APT prices held firm above $3,000/mtu amid tight supply, while scrap tungsten dropped sharply. China's tungsten prices rebounded late in the month as sentiment improved, though downstream demand remained soft. A cautious bottoming trend emerged.