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Nickel prices

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Nickel Cathode

Price description
icon
Price Range
Avg.
Change
Date
SMM Shanghai 1# Nickel Cathode (USD/tonne)
15,986.76-16,539.38
16,263.07
-140.35
Sep 30, 2026
Shanghai Jinchuan #1 Refined Nickel (USD/tonne)
16,499.91-16,539.38
16,519.65
-127.12
Sep 30, 2026
Shanghai #1 Imported Refined Nickel (USD/tonne)
16,013.07-16,052.54
16,032.81
-133.83
Sep 30, 2026
SMM Shanghai Electrodeposited Nickel (USD/tonne)
15,986.76-16,105.18
16,045.97
-133.83
Sep 30, 2026
Shanghai Nickel Briquette (USD/tonne)
16,013.07-16,052.54
16,032.81
-133.83
Sep 30, 2026
SMM Indonesia Refined Nickel (USD/tonne)
15,800-16,200
16,000
-300
Sep 30, 2026

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Nickel Ore

Price description
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Price Range
Avg.
Change
Date

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FeNi

Price description
Price Range
Avg.
Change
Date

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NPI Price

Price description
icon
Price Range
Avg.
Change
Date
China NPI 10-12% (USD/nickel unit)
136.05-138.16
137.1
-0.16
Sep 30, 2026
China NPI Index (USD/nickel unit)
137.88-137.88
137.88
-0.16
Sep 30, 2026
China Low-Carbon NPI Index (USD/nickel unit)
139.17-139.17
139.17
-0.16
Sep 30, 2026
NPI Index FOB Indonesia (USD/nickel unit)
134.65-134.65
134.65
0
Oct 01, 2026
China NPI 8-10% (USD/nickel unit)
134.74-137.1
135.92
-0.16
Sep 30, 2026
China NPI 1.5-1.7% (USD/tonne)
453.94-473.68
463.81
+0.12
Sep 30, 2026

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Stainless Steel

Price description
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Price Range
Avg.
Change
Date
Wuxi 201/2B Mill Edge (USD/tonne)
1,157.89-1,171.05
1,164.47
+0.31
Sep 30, 2026
Wuxi 304/2B Mill Edge (USD/tonne)
1,848.67-1,894.73
1,871.7
+0.5
Sep 30, 2026
Wuxi 201/J2 2B Mill Edge (USD/tonne)
1,046.05-1,059.2
1,052.63
+0.28
Sep 30, 2026
Wuxi 304/2B Slit Edge (USD/tonne)
1,947.36-1,960.52
1,953.94
+0.52
Sep 30, 2026
Wuxi 304/No.1 Mill Edge (USD/tonne)
1,776.31-1,789.46
1,782.89
+0.48
Sep 30, 2026
Wuxi 316L/2B Slit Edge (USD/tonne)
3,848.66-3,921.03
3,884.85
+1.04
Sep 30, 2026
Wuxi 316L/No.1 Mill Edge (USD/tonne)
3,736.82-3,789.45
3,763.14
+1.01
Sep 30, 2026
Wuxi 430/2B Mill Edge (USD/tonne)
999.99-1,013.15
1,006.57
+0.27
Sep 30, 2026
Wuxi 409L/2B Mill Edge (USD/tonne)
986.84-993.42
990.13
+0.26
Sep 30, 2026
Foshan 201/2B Mill Edge (USD/tonne)
1,157.89-1,171.05
1,164.47
+0.31
Sep 30, 2026
Foshan 304/2B Mill Edge (USD/tonne)
1,855.25-1,894.73
1,874.99
+0.5
Sep 30, 2026
Foshan 201 J2/2B Mill Edge (USD/tonne)
1,052.63-1,065.78
1,059.2
+0.28
Sep 30, 2026
Foshan 304/2B Slit Edge (USD/tonne)
1,947.36-1,960.52
1,953.94
+0.52
Sep 30, 2026
Foshan 304/No.1 Mill Edge (USD/tonne)
1,789.46-1,796.04
1,792.75
+0.48
Sep 30, 2026
Foshan 316L/2B Slit Edge (USD/tonne)
3,848.66-3,921.03
3,884.85
+1.04
Sep 30, 2026
Foshan 316L/No.1 Mill Edge (USD/tonne)
3,736.82-3,789.45
3,763.14
+1.01
Sep 30, 2026
Foshan 430/2B Mill Edge (USD/tonne)
999.99-1,013.15
1,006.57
+0.27
Sep 30, 2026
Foshan 409L/2B Mill Edge (USD/tonne)
986.84-999.99
993.42
+0.27
Sep 30, 2026
China 201/2B Mill Edge (USD/tonne)
1,161.84-1,161.84
1,161.84
+0.31
Sep 30, 2026
China 304/2B Mill Edge (USD/tonne)
1,874.33-1,874.33
1,874.33
+0.5
Sep 30, 2026
China 304/No.1 Mill Edge (USD/tonne)
1,789.46-1,789.46
1,789.46
+0.48
Sep 30, 2026
China 316L/2B Mill Edge (USD/tonne)
3,886.82-3,886.82
3,886.82
+1.04
Sep 30, 2026
China 430/2B Mill Edge (USD/tonne)
1,008.55-1,008.55
1,008.55
+0.27
Sep 30, 2026
Foshan 201 Stainless Steel Remelt Scrap (USD/tonne)
654.21-698.81
676.51
+0.18
Sep 30, 2026
Shanghai 304 Stainless Steel Trim Scrap (USD/tonne)
1,442.23-1,457.1
1,449.66
+0.39
Sep 30, 2026
Foshan 304 Stainless Steel Trim Scrap (USD/tonne)
1,479.4-1,524
1,501.7
+0.4
Sep 30, 2026
Shanghai 316 Stainless Steel Remelt Scrap (USD/tonne)
3,137.22-3,166.96
3,152.09
+0.84
Sep 30, 2026
Foshan 316 Stainless Steel Remelt Scrap (USD/tonne)
3,152.09-3,166.96
3,159.52
+0.85
Sep 30, 2026
EXW Malaysia 304 SS Scrap (USD/tonne)
1,420-1,450
1,435
0
Oct 02, 2026

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Nickel Compound

Price description
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Price Range
Avg.
Change
Date
Battery-grade Nickel Sulphate (USD/tonne)
3,835.51-3,914.45
3,874.98
-12.12
Sep 30, 2026
SMM Battery-Grade Nickel Sulphate Index (USD/tonne)
3,835.51-3,835.51
3,835.51
-13.71
Sep 30, 2026
Electroplating-grade Nickel Sulphate (USD/tonne)
4,144.71-4,539.45
4,342.08
+1.16
Sep 30, 2026
Nickel Chloride (USD/tonne)
4,934.18-5,197.34
5,065.76
+1.36
Sep 30, 2026
Nickel(II) Oxide (USD/tonne)
14,736.76-16,052.54
15,394.65
+4.12
Sep 30, 2026

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Nickel Intermediates

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Auxiliary Material for Nickel

Price description
Price Range
Avg.
Change
Date
SMM EXW Shandong Sulfur (USD/tonne)
960.52-1,026.31
993.42
+6.38
Sep 30, 2026

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Premium and Discount

Price description
Price Range
Avg.
Change
Date
JinChuan B&C (USD/tonne)
473.68-486.84
480.26
+0.13
Sep 30, 2026
Russian Nickel Premium (USD/tonne)
(-13.16)-0
-6.58
-6.58
Sep 30, 2026

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SHFE

Price description
Price
Open
High
Low
Vol.
Change
NI2610 (CNY/mt)
121,760
121,750
122,000
121,150
15,008
-1,050
NI2611 (CNY/mt)
122,040
122,170
122,230
121,370
131,223
-1,020
NI2612 (CNY/mt)
122,250
122,410
122,460
121,610
42,958
-1,020
NI2701 (CNY/mt)
122,500
122,740
122,740
121,900
11,815
-1,060
NI2702 (CNY/mt)
122,810
122,790
122,990
122,190
2,971
-1,040
NI2703 (CNY/mt)
123,080
123,010
123,260
122,500
1,056
-1,080
NI2704 (CNY/mt)
123,410
123,240
123,440
122,830
240
-1,020
NI2705 (CNY/mt)
123,610
122,800
124,160
122,800
805
-1,120
NI2706 (CNY/mt)
123,900
123,920
123,970
123,370
90
-1,630
NI2707 (CNY/mt)
124,200
124,000
124,200
123,620
95
-1,400
NI2708 (CNY/mt)
124,240
124,210
124,700
124,130
37
-1,260
NI2709 (CNY/mt)
124,750
124,910
124,990
124,200
141
-1,120

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LME

Price description
Price
Open
High
Low
Vol.
Change
LMEselect Nickel 3 Month (USD/mt)
15,655
15,700
15,750
15,575
3,171
+45

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SHFE/LME Ratio

Price description
Price
Open
High
Low
Change
SMM Nickel Spot/LME 3M
7.6306
7.6388
7.6388
7.606
+0.0184
SHFE.NI2610/LME 3M
7.61
7.6094
7.6173
7.5807
+0.0182
SHFE.NI2611/LME 3M
7.6275
7.6356
7.6356
7.6029
+0.0183
SHFE.NI2612/LME 3M
7.6406
7.6506
7.6506
7.616
+0.0178
SHFE.NI2701/LME 3M
7.6563
7.6713
7.6713
7.6327
+0.0162
SHFE.NI2702/LME 3M
7.6756
7.6648
7.6814
7.6508
+0.0225
SHFE.NI2703/LME 3M
7.6925
7.6857
7.6989
7.6691
+0.0184
SHFE.NI2704/LME 3M
7.7131
7.7001
7.7241
7.6838
+0.0273
SHFE.NI2705/LME 3M
7.7256
7.675
7.7503
7.663
+0.0181
SHFE.NI2706/LME 3M
7.7438
7.7474
7.7604
7.7163
+0.0215
SHFE.NI2707/LME 3M
7.7625
7.75
7.7783
7.7253
+0.0161
SHFE.NI2708/LME 3M
7.765
7.7704
7.8035
7.7498
+0.0037
SHFE.NI2709/LME 3M
7.7969
7.8069
7.8217
7.7683
+0.0134

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Import Arbitrage

Price description
Price
Open
High
Low
Change
Nickel import arbitrage(Spot) (CNY/mt)
527.6863
632.6416
632.6416
139.5276
+302.1946
Nickel import arbitrage(NI2610) (CNY/mt)
-417.3994
-481.2737
-294.2853
-881.2913
+337.4379
Nickel import arbitrage(NI2611) (CNY/mt)
-323.5645
-256.8142
-234.6571
-711.843
+340.2616
Nickel import arbitrage(NI2612) (CNY/mt)
-316.3018
-198.632
-190.6315
-695.4631
+302.7059
Nickel import arbitrage(NI2701) (CNY/mt)
-281.3278
-35.0974
-35.0974
-644.1545
+240.5159
Nickel import arbitrage(NI2702) (CNY/mt)
-143.6715
-577.1965
-108.5092
-710.3308
+608.4379
Nickel import arbitrage(NI2703) (CNY/mt)
-1.174
-122.529
91.5439
-362.3137
+248.8609
Nickel import arbitrage(NI2704) (CNY/mt)
-215.2701
-412.0971
-55.4091
-677.8924
+366.0326
Nickel import arbitrage(NI2705) (CNY/mt)
-476.2404
-1,298.0222
-94.7739
-1,492.5578
+246.1118

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