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 / Base Metals
 / Nickel

Nickel prices

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Nickel Cathode

Price description
icon
Price Range
Avg.
Change
Date
SMM #1 Nickel (USD/mt)
14,434.58-14,840.49
14,637.53
-44.16
Jun 24, 2025
#1 JinChuan Nickel (USD/mt)
14,742.09-14,840.49
14,791.29
-31.69
Jun 24, 2025
#1 JinChuan Nickel premium/discount (USD/mt)
344.41-393.61
369.01
+31.15
Jun 24, 2025
#1 Import Nickel (USD/mt)
14,434.58-14,532.98
14,483.78
-62.77
Jun 24, 2025
#1 Import Nickel premium/discount (USD/mt)
36.9-86.1
61.5
+0.07
Jun 24, 2025
Electro-deposited Nickel (USD/mt)
14,397.67-14,508.38
14,453.03
-56.66
Jun 24, 2025
Electro-deposited Nickel Premium (USD/mt)
0-61.5
30.75
+6.18
Jun 24, 2025
Nickel Briquettes (USD/mt)
14,336.17-14,397.67
14,366.92
-62.9
Jun 24, 2025

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Nickel Ore

Price description
icon
Price Range
Avg.
Change
Date
Ni1.8%,Fe15-20%,FOB (USD/wmt)
73-75
74
0
Jun 24, 2025

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NPI Price

Price description
icon
Price Range
Avg.
Change
Date
NPI (10-12%) (USD/mtu)
111.93-113.16
112.55
-0.48
Jun 24, 2025
NPI (10-12%) Indonesia (USD/mtu)
111.93-113.41
112.67
-0.42
Jun 24, 2025
High-grade NPI Index (USD/mtu)
112.85-112.85
112.85
-0.49
Jun 24, 2025
Low-Carbon High-Grade NPI Index (USD/ni)
113.78-113.78
113.78
-0.48
Jun 24, 2025
Indonesia NPI FOB Index (USD/mtu)
112.3-112.3
112.3
-1.8
Jun 20, 2025
NPI (8-12%) (USD/mtu)
111.93-113.16
112.55
-0.48
Jun 24, 2025
NPI(10-14%) Indonesia (USD/mtu)
112.18-113.41
112.8
-0.48
Jun 24, 2025
NPI (8-10%) (USD/mtu)
111.93-113.16
112.55
-0.48
Jun 24, 2025
NPI (12-14%) Indonesia (USD/mtu)
112.18-113.53
112.86
-0.42
Jun 24, 2025
NPI(Ni≥14%) Indonesia (USD/mtu)
113.16-115.13
114.15
-0.48
Jun 24, 2025
NPI (1.5-1.7%) (USD/mt)
393.61-405.91
399.76
-11.81
Jun 24, 2025

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Stainless Steel

Price description
icon
Price Range
Avg.
Change
Date
201/2B Coil (Wuxi) (USD/mt)
916.38-947.13
931.76
-8.11
Jun 24, 2025
304/2B Coil - Burr Edge (Wuxi) (USD/mt)
1,531.41-1,562.16
1,546.78
-13.53
Jun 24, 2025
304/2B Coil - Deburred Edge (Wuxi) (USD/mt)
1,629.81-1,660.56
1,645.18
-7.27
Jun 24, 2025
304/No.1 Coil (Wuxi) (USD/mt)
1,476.05-1,512.96
1,494.5
-10.52
Jun 24, 2025
316L/2B coil (Wuxi) (USD/mt)
2,890.61-2,939.81
2,915.21
-33.42
Jun 24, 2025
316L/No.1 coil (Wuxi) (USD/mt)
2,792.2-2,866
2,829.1
-39.66
Jun 24, 2025
430/2B Coil (Wuxi) (USD/mt)
897.93-910.23
904.08
-11.22
Jun 24, 2025
409L/2B Coil (Wuxi) (USD/mt)
904.08-916.38
910.23
-11.21
Jun 24, 2025
201/2B Coil (Foshan) (USD/mt)
916.38-947.13
931.76
-8.11
Jun 24, 2025
304/2B Coil-EM (Foshan) (USD/mt)
1,531.41-1,562.16
1,546.78
-13.53
Jun 24, 2025
304/2B Coil-EC (Foshan) (USD/mt)
1,623.66-1,660.56
1,642.11
-10.35
Jun 24, 2025
304/No.1 Coil (Foshan) (USD/mt)
1,476.05-1,519.11
1,497.58
-10.52
Jun 24, 2025
316L/2B coil (Foshan) (USD/mt)
2,890.61-2,939.81
2,915.21
-33.42
Jun 24, 2025
316L/No.1 coil (Foshan) (USD/mt)
2,792.2-2,866
2,829.1
-39.66
Jun 24, 2025
430/2B Coil (Foshan) (USD/mt)
897.93-910.23
904.08
-11.22
Jun 24, 2025
409L/2B Coil (Foshan) (USD/mt)
904.08-922.53
913.31
-11.21
Jun 24, 2025
201/2B Coil (National Average Price) (USD/mt)
945.9-945.9
945.9
-7.48
Jun 24, 2025
304/2B Coil (National Average Price) (USD/mt)
1,548.01-1,548.01
1,548.01
-14.14
Jun 24, 2025
304/NO.1 Coil (National Average Price) (USD/mt)
1,498.19-1,498.19
1,498.19
-10.52
Jun 24, 2025
316/2B Coil (National Average Price) (USD/mt)
2,917.67-2,917.67
2,917.67
-33.41
Jun 24, 2025
430/2B Coil (National Average Price) (USD/mt)
905.93-905.93
905.93
-11.22
Jun 24, 2025
201 recharge (Foshan) (USD/mt)
583.78-625.48
604.63
+0.71
Jun 24, 2025
304 Scrap Stainless Steel Cut-Off (USD/mt)
1,292.65-1,306.55
1,299.6
-12.35
Jun 24, 2025
304 Edge Material (Foshan) (USD/mt)
1,264.86-1,306.55
1,285.7
-12.37
Jun 24, 2025
316 recharge (Shanghai) (USD/mt)
2,418.51-2,446.31
2,432.41
-11.01
Jun 24, 2025
316 recharge (Foshan) (USD/mt)
2,418.51-2,432.41
2,425.46
-11.02
Jun 24, 2025
430 recharge (Foshan) (USD/mt)
500.38-514.28
507.33
+0.6
Jun 24, 2025

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Nickel Compound

Price description
icon
Price Range
Avg.
Change
Date
Battery-Grade Nickel Sulphate (USD/mt)
3,345.72-3,394.92
3,370.32
+3.98
Jun 24, 2025
SMM Battery-Grade Nickel Sulphate Index (USD/mt)
3,345.72-3,345.72
3,345.72
+4.56
Jun 24, 2025
Electroplating-Grade Nickel Sulphate (USD/mt)
3,444.13-3,690.13
3,567.13
+4.21
Jun 24, 2025
Nickel Chloride NiCl₂·6H₂O (USD/mt)
4,059.15-4,428.16
4,243.65
+5.01
Jun 24, 2025
Nickel(II)oxide (USD/mt)
12,915.47-13,899.51
13,407.49
+15.82
Jun 24, 2025

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Nickel Intermediates

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Auxiliary Material for Nickel

Price description
Price Range
Avg.
Change
Date
Sulfur (CIF Indonesia) (USD/mt)
285-295
290
+5
Jun 18, 2025

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Premium and Discount

Price description
Price Range
Avg.
Change
Date
JinChuan B&C (USD/mt)
332.11-375.16
353.64
+34.2
Jun 24, 2025
Russian Nickel Premium (USD/mt)
24.6-67.65
46.13
+3.13
Jun 24, 2025

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SHFE

Price description
Price
Open
High
Low
Vol.
Change
NI2507 (CNY/mt)
117,690
117,680
118,130
117,530
39,046
+460
NI2508 (CNY/mt)
117,830
117,830
118,260
117,640
37,707
+470
NI2509 (CNY/mt)
118,050
118,070
118,500
117,860
7,944
+470
NI2510 (CNY/mt)
118,230
118,180
118,640
118,050
1,631
+480
NI2511 (CNY/mt)
118,370
118,550
118,770
118,270
51
+410
NI2512 (CNY/mt)
118,600
118,940
119,000
118,480
16
+490
NI2601 (CNY/mt)
118,740
118,910
119,200
118,690
62
+360
NI2602 (CNY/mt)
118,960
119,150
119,340
118,730
46
+380
NI2603 (CNY/mt)
119,240
119,430
119,610
119,190
25
+450
NI2604 (CNY/mt)
119,720
119,720
119,720
119,720
1
+520
NI2605 (CNY/mt)
119,560
120,130
120,130
119,560
8
+330
NI2606 (CNY/mt)
119,440
119,630
119,630
119,440
2
+230

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LME

Price description
Price
Open
High
Low
Vol.
Change
LMEselect Nickel 3 Month (USD/mt)
14,905
14,850
15,015
14,790
6,160
+101

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SHFE/LME Ratio

Price description
Price
Open
High
Low
Change
SMM Spot/LME03
7.923
7.8992
7.9383
7.8992
-0.021
SHFE.NI2507/LME03
7.8801
7.8558
7.8967
7.8558
-0.018
SHFE.NI2508/LME03
7.8895
7.8658
7.9047
7.8658
-0.021
SHFE.NI2509/LME03
7.9043
7.8818
7.9188
7.8818
-0.022
SHFE.NI2510/LME03
7.9163
7.8892
7.9295
7.8892
-0.025
SHFE.NI2511/LME03
7.9257
7.9324
7.9564
7.9105
-0.024
SHFE.NI2512/LME03
7.9411
7.9532
7.9792
7.9212
-0.026
SHFE.NI2601/LME03
7.9505
7.9618
7.9913
7.9352
-0.03
SHFE.NI2602/LME03
7.9652
7.9672
7.9839
7.9386
-0.03
SHFE.NI2603/LME03
7.9839
7.986
8.0121
7.9573
-0.028
SHFE.NI2604/LME03
8.0161
8.0053
8.0349
7.9893
-0.018
SHFE.NI2605/LME03
8.0054
8.0328
8.0381
7.9786
-0.005
SHFE.NI2606/LME03
7.9973
8.0154
8.0289
7.9706
-0.024

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Import Arbitrage

Price description
Price
Open
High
Low
Change
Nickel import arbitrage(Spot) (CNY/mt)
-2,648.68
-3,088.2
-2,439.08
-3,088.2
-164.175
Nickel import arbitrage(NI2507) (CNY/mt)
-4,023.59
-4,479.43
-3,808.11
-4,479.43
-116.511
Nickel import arbitrage(NI2508) (CNY/mt)
-4,216.07
-4,656.24
-4,006.58
-4,656.24
-162.704
Nickel import arbitrage(NI2509) (CNY/mt)
-4,228.27
-4,658.28
-4,034.14
-4,658.28
-179.192
Nickel import arbitrage(NI2510) (CNY/mt)
-4,301.79
-4,797.96
-4,117.01
-4,797.96
-216.037
Nickel import arbitrage(NI2511) (CNY/mt)
-4,472.9
-4,436.16
-4,072.8
-4,811.11
-303.933
Nickel import arbitrage(NI2512) (CNY/mt)
-4,467.32
-4,367.1
-3,919.74
-4,838.25
-227.047
Nickel import arbitrage(NI2601) (CNY/mt)
-4,892.55
-4,804.58
-4,305.08
-5,193.79
-286.274
Nickel import arbitrage(NI2602) (CNY/mt)
-5,116.66
-5,175.85
-4,914.44
-5,585.33
-285.666

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