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Nickel prices

Switch to Originalswitch

Nickel Cathode

Price description
icon
Price Range
Avg.
Change
Date
SMM Shanghai #1 Nickel Cathode (USD/tonne)
17,526.53-18,879.63
18,203.08
+458.5
Feb 11, 2026
Shanghai Jinchuan #1 Refined Nickel (USD/tonne)
18,726.45-18,879.63
18,803.04
+426.33
Feb 11, 2026
Shanghai Jinchuan #1 Refined Nickel Premiums (USD/tonne)
1,148.86-1,276.51
1,212.69
-45.2
Feb 11, 2026
Shanghai #1 Imported Refined Nickel (USD/tonne)
17,564.83-17,603.12
17,583.97
+471.53
Feb 11, 2026
Shanghai #1 Imported Refined Nickel Premiums (USD/tonne)
(-12.77)-0
-6.38
0
Feb 11, 2026
SMM Shanghai Electrodeposited Nickel (USD/tonne)
17,526.53-17,654.18
17,590.36
+471.53
Feb 11, 2026
SMM Shanghai Electrodeposited Nickel Premium (USD/tonne)
(-51.06)-51.06
0
0
Feb 11, 2026
Shanghai Nickel Briquette (USD/tonne)
17,883.95-17,922.25
17,903.1
+471.4
Feb 11, 2026
SMM Indonesia Refined Nickel (USD/tonne)
16,900-16,990
16,945
-1,550
Feb 06, 2026

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Nickel Ore

Price description
icon
Price Range
Avg.
Change
Date
Indonesia 1.2% Laterite Nickel Ore Delivered to Destination Port Indonesia (USD/wmt)
21-23
22
0
Feb 11, 2026
Indonesia 1.3% Laterite Nickel Ore Delivered to Destination Port Indonesia (USD/wmt)
23-25
24
0
Feb 11, 2026
Indonesia 1.4% Laterite Nickel Ore Delivered to Destination Port Indonesia (USD/wmt)
48.3-50
49.15
0
Feb 11, 2026
Indonesia 1.5% Laterite Nickel Ore Delivered to Destination Port Indonesia (USD/wmt)
55.2-58.2
56.7
0
Feb 11, 2026
Indonesia 1.6% Laterite Nickel Ore Delivered to Destination Port Indonesia (USD/wmt)
59.4-62.4
60.9
0
Feb 11, 2026
Indonesia 1.2% Laterite Nickel Ore FOB Indonesia (USD/wmt)
15-18
16.5
0
Feb 11, 2026
Indonesia 1.3% Laterite Nickel Ore FOB Indonesia (USD/wmt)
17-20
18.5
0
Feb 11, 2026
Indonesia 1.4% Laterite Nickel Ore FOB Indonesia (USD/wmt)
40.5-43.3
41.9
0
Feb 11, 2026
Indonesia 1.5% Laterite Nickel Ore FOB Indonesia (USD/wmt)
46.4-50.4
48.4
0
Feb 11, 2026
Indonesia 1.6% Laterite Nickel Ore FOB Indonesia (USD/wmt)
51-53.5
52.25
0
Feb 11, 2026
the Philippines 0.9% Laterite Nickel Ore Al 7% min CIF China (USD/wmt)
29-31
30
0
Feb 11, 2026
the Philippines 0.9% Laterite Nickel Ore Al 7% max CIF China (USD/wmt)
35-37
36
0
Feb 11, 2026
the Philippines 1.3% Laterite Nickel Ore CIF China (USD/wmt)
49-52
50.5
0
Feb 11, 2026
the Philippines 1.4% Laterite Nickel Ore CIF China (USD/wmt)
56-59
57.5
0
Feb 11, 2026
the Philippines 1.5% Laterite Nickel Ore CIF China (USD/wmt)
63-66
64.5
0
Feb 11, 2026
the Philippines 1.8% Laterite Nickel Ore CIF China (USD/wmt)
77-80
78.5
0
Feb 11, 2026
0.9% Laterite Nickel Ore Al 7% min FOB the Philippines (USD/wmt)
14-17
15.5
0
Feb 11, 2026
0.9% Laterite Nickel Ore Al 7% max FOB the Philippines (USD/wmt)
24-25
24.5
0
Feb 11, 2026
1.3% Laterite Nickel Ore FOB the Philippines (USD/wmt)
42-45
43.5
0
Feb 11, 2026
1.4% Laterite Nickel Ore FOB the Philippines (USD/wmt)
49-52
50.5
0
Feb 11, 2026
1.8% Laterite Nickel Ore FOB the Philippines (USD/wmt)
68-71
69.5
0
Feb 11, 2026
1.5% Laterite Nickel Ore FOB the Philippines (USD/wmt)
56-59
57.5
0
Feb 11, 2026
the Philippines 1.3% Laterite Nickel Ore CIF Indonesia (USD/wmt)
46-49
47.5
0
Feb 11, 2026
the Philippines 1.4% Laterite Nickel Ore CIF Indonesia (USD/wmt)
53-56
54.5
0
Feb 11, 2026

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Ocean Freight Rate for Nickel Ore

Price description
Price Range
Avg.
Change
Date
Indonesian Domestic Ocean Freight Fee Central Sulawesi main ports to IMIP (USD/wmt)
3.3-4.3
3.8
0
Feb 06, 2026
Indonesian Domestic Ocean Freight Fee Southeast Sulawesi main ports to IMIP (USD/wmt)
5.3-6.3
5.8
0
Feb 06, 2026
Indonesian Domestic Ocean Freight Fee Central Sulawesi main ports to IWIP (USD/wmt)
7.2-8.2
7.7
0
Feb 06, 2026
Indonesian Domestic Ocean Freight Fee Southeast Sulawesi main ports to IWIP (USD/wmt)
9.5-10.9
10.2
0
Feb 06, 2026
Ocean Freight Fee Philippines main ports to Lianyungang Port (USD/wmt)
7-7.5
7.25
0
Feb 11, 2026
Ocean Freight Fee Philippines main ports to Tianjin Port (USD/wmt)
8-8.5
8.25
0
Feb 11, 2026

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FeNi

Price description
Price Range
Avg.
Change
Date
FeNi 15-20% DDP China (USD/nickel unit)
130.2-144.25
137.23
-0.06
Feb 11, 2026
FeNi 20-25% DDP China (USD/nickel unit)
149.35-155.73
152.54
-0.06
Feb 11, 2026
FeNi 30%min DDP China (USD/nickel unit)
162.12-168.5
165.31
-0.07
Feb 11, 2026

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NPI Price

Price description
icon
Price Range
Avg.
Change
Date
China NPI 10-12% (USD/nickel unit)
130.33-135.95
133.14
+0.2
Feb 11, 2026
Indonesia NPI 10-12% DDP China (USD/nickel unit)
130.33-135.95
133.14
+0.2
Feb 11, 2026
China NPI Index (USD/nickel unit)
132.45-132.45
132.45
+0.21
Feb 11, 2026
China Low-Carbon NPI Index (USD/nickel unit)
133.51-133.51
133.51
+0.21
Feb 11, 2026
NPI Index FOB Indonesia (USD/nickel unit)
132.71-132.71
132.71
+0.26
Feb 11, 2026
China NPI 8-10% (USD/nickel unit)
131.74-136.59
134.16
+0.26
Feb 11, 2026
Indonesia NPI 12-14% DDP China (USD/nickel unit)
132.37-137.23
134.8
+0.26
Feb 11, 2026
Indonesia NPI 14%min DDP China (USD/nickel unit)
133.01-139.14
136.08
+0.26
Feb 11, 2026
China NPI 1.5-1.7% (USD/nickel unit)
453.16-465.93
459.54
-0.19
Feb 11, 2026

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Stainless Steel

Price description
icon
Price Range
Avg.
Change
Date
Wuxi 201 2B Mill Edge (USD/tonne)
1,078.65-1,091.42
1,085.04
-0.45
Feb 11, 2026
Wuxi 304 2B Mill Edge (USD/tonne)
1,787.12-1,812.65
1,799.88
-0.75
Feb 11, 2026
Wuxi 201 J2 2B Mill Edge (USD/tonne)
976.53-989.3
982.92
-0.41
Feb 11, 2026
Wuxi 304 2B Slit Edge (USD/tonne)
1,863.71-1,876.47
1,870.09
-0.78
Feb 11, 2026
Wuxi 304 No.1 Mill Edge (USD/tonne)
1,723.29-1,736.06
1,729.68
-0.72
Feb 11, 2026
Wuxi 316L 2B Slit Edge (USD/tonne)
3,363.61-3,427.44
3,395.53
-1.42
Feb 11, 2026
Wuxi 316L No.1 Mill Edge (USD/tonne)
3,267.87-3,306.17
3,287.02
-1.38
Feb 11, 2026
Wuxi 430 2B Mill Edge (USD/tonne)
989.3-1,002.06
995.68
-0.42
Feb 11, 2026
Wuxi 409L 2B Mill Edge (USD/tonne)
957.39-970.15
963.77
-0.4
Feb 11, 2026
Foshan 201 2B Mill Edge (USD/tonne)
1,072.27-1,085.04
1,078.65
-0.45
Feb 11, 2026
Foshan 304 2B Mill Edge (USD/tonne)
1,774.35-1,812.65
1,793.5
-0.75
Feb 11, 2026
Foshan 201 J2 2B Mill Edge (USD/tonne)
976.53-989.3
982.92
-0.41
Feb 11, 2026
Foshan 304 2B Slit Edge (USD/tonne)
1,876.47-1,889.24
1,882.86
-0.79
Feb 11, 2026
Foshan 304 No.1 Mill Edge (USD/tonne)
1,761.59-1,774.35
1,767.97
-0.74
Feb 11, 2026
Indonesia 304/2B Coil Mill Edge (USD/tonne)
1,965-2,010
1,987.5
0
Feb 11, 2026
Indonesia 304/NO.1 Coil Mill Edge (USD/tonne)
1,855-1,900
1,877.5
0
Feb 11, 2026
Indonesia 304L/2B Coil Mill Edge (USD/tonne)
1,980-2,025
2,002.5
0
Feb 11, 2026
Indonesia 304L/NO.1 Coil Mill Edge (USD/tonne)
1,870-1,915
1,892.5
0
Feb 11, 2026
Foshan 316L 2B Slit Edge (USD/tonne)
3,363.61-3,427.44
3,395.53
-1.42
Feb 11, 2026
Foshan 316L No.1 Mill Edge (USD/tonne)
3,267.87-3,306.17
3,287.02
-1.38
Feb 11, 2026
Foshan 430 2B Mill Edge (USD/tonne)
989.3-1,002.06
995.68
-0.42
Feb 11, 2026
Foshan 409L 2B Mill Edge (USD/tonne)
957.39-970.15
963.77
-0.4
Feb 11, 2026
China 201 2B Mill Edge (USD/tonne)
1,085.04-1,085.04
1,085.04
-0.45
Feb 11, 2026
China 304 2B Mill Edge (USD/tonne)
1,799.25-1,799.25
1,799.25
-0.75
Feb 11, 2026
China 304 No.1 Mill Edge (USD/tonne)
1,746.27-1,746.27
1,746.27
-0.73
Feb 11, 2026
China 316L 2B Mill Edge (USD/tonne)
3,398.08-3,398.08
3,398.08
-1.42
Feb 11, 2026
China 430 2B Mill Edge (USD/tonne)
987.38-987.38
987.38
-0.41
Feb 11, 2026
Foshan 201 Stainless Steel Remelt Scrap (USD/tonne)
663.53-706.81
685.17
-0.29
Feb 11, 2026
Shanghai 304 Stainless Steel Trim Scrap (USD/tonne)
1,384.76-1,399.19
1,391.97
-0.58
Feb 11, 2026
Foshan 304 Stainless Steel Trim Scrap (USD/tonne)
1,355.91-1,399.19
1,377.55
-0.58
Feb 11, 2026
Shanghai 316 Stainless Steel Remelt Scrap (USD/tonne)
2,625.28-2,654.13
2,639.7
-1.1
Feb 11, 2026
Foshan 316 Stainless Steel Remelt Scrap (USD/tonne)
2,596.43-2,610.85
2,603.64
-1.09
Feb 11, 2026
Foshan 430 Stainless Steel Remelt Scrap (USD/tonne)
533.71-548.13
540.92
-0.23
Feb 11, 2026
Malaysia 304 SS Scrap (USD/tonne)
1,230-1,240
1,235
0
Feb 11, 2026

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Nickel Compound

Price description
icon
Price Range
Avg.
Change
Date
Battery-grade Nickel Sulphate (USD/tonne)
4,008.25-4,148.67
4,078.46
-1.71
Feb 11, 2026
SMM Battery-Grade Nickel Sulphate Index (USD/tonne)
4,037.36-4,037.36
4,037.36
-3.09
Feb 11, 2026
Electroplating-grade Nickel Sulphate (USD/tonne)
4,148.67-4,403.97
4,276.32
-1.79
Feb 11, 2026
Nickel Chloride (USD/tonne)
4,531.62-4,659.27
4,595.45
-1.92
Feb 11, 2026
Nickel(II) Oxide (USD/tonne)
14,679.91-15,956.42
15,318.16
-6.41
Feb 11, 2026

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Nickel Intermediates

Price description
Price Range
Avg.
Change
Date
FOB Nickel in Indonesian MHP (USD/nickel tonne)
14,926-14,926
14,926
-35
Feb 11, 2026
SMM FOB Cobalt in Indonesian MHP (USD/cobalt tonne)
49,452-49,452
49,452
+10
Feb 11, 2026
MHP Payable Against SMM Battery-grade Nickel Sulphate Index Price (%)
84.5-85
84.75
-0.25
Feb 11, 2026
China MHP Cobalt Payable (%)
89-90
89.5
0
Feb 11, 2026
MHP Cobalt Payable to SMM Rotterdam Cobalt Metal (%)
91-91
91
0
Feb 11, 2026
FOB Nickel in Indonesia High-grade Nickel Matte (USD/nickel tonne)
15,419-15,419
15,419
-36
Feb 11, 2026

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Auxiliary Material for Nickel

Price description
Price Range
Avg.
Change
Date
SMM CIF Indonesia Sulfur (USD/tonne)
540-550
545
-18
Feb 11, 2026
Sulfur (Solid) (USD/tonne)
504.22-529.75
516.99
-0.22
Feb 11, 2026
SMM CIF Indonesia Sodium Hydroxide (USD/tonne)
380-405
392.5
-5
Feb 11, 2026

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Premium and Discount

Price description
Price Range
Avg.
Change
Date
JinChuan B&C (USD/tonne)
1,161.63-1,289.28
1,225.45
-32.44
Feb 11, 2026
Russian Nickel Premium (USD/tonne)
0-12.77
6.38
+12.77
Feb 11, 2026

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SHFE

Price description
Price
Open
High
Low
Vol.
Change
NI2602 (CNY/mt)
0
0
0
0
0
-136,070
NI2603 (CNY/mt)
140,310
139,960
141,180
139,120
258,598
+3,150
NI2604 (CNY/mt)
140,620
141,960
141,960
139,540
27,883
+3,160
NI2605 (CNY/mt)
140,920
141,000
141,760
139,720
117,450
+3,080
NI2606 (CNY/mt)
140,940
142,000
142,000
139,850
6,901
+3,030
NI2607 (CNY/mt)
140,870
141,060
141,660
139,600
433
+2,830
NI2608 (CNY/mt)
140,890
142,610
142,610
139,850
395
+2,880
NI2609 (CNY/mt)
141,300
140,380
141,860
139,960
3,346
+3,380
NI2610 (CNY/mt)
141,220
141,000
141,600
139,830
250
+3,090
NI2611 (CNY/mt)
140,550
141,400
141,920
140,160
42
+2,510
NI2612 (CNY/mt)
141,720
141,490
141,960
140,280
154
+3,150
NI2701 (CNY/mt)
141,800
141,900
142,300
140,900
68
+2,710

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LME

Price description
Price
Open
High
Low
Vol.
Change
LMEselect Nickel 3 Month (USD/mt)
17,950
17,520
18,020
17,520
10,336
+400

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SHFE/LME Ratio

Price description
Price
Open
High
Low
Change
SMM Nickel Spot/LME 3M
7.8139
7.8249
7.8492
7.8007
+0.0007
SHFE.NI2602/LME 3M
7.7729
7.7496
7.7792
7.5689
+0.0531
SHFE.NI2603/LME 3M
7.8167
7.8277
7.852
7.8035
+0.0007
SHFE.NI2604/LME 3M
7.834
7.9396
7.9396
7.8234
+0.0011
SHFE.NI2605/LME 3M
7.8507
7.8859
7.8883
7.8379
-0.0012
SHFE.NI2606/LME 3M
7.8518
7.9418
7.9418
7.8417
-0.0029
SHFE.NI2607/LME 3M
7.8479
7.8782
7.9051
7.8358
-0.008
SHFE.NI2608/LME 3M
7.849
7.976
7.976
7.8194
+0.0161
SHFE.NI2609/LME 3M
7.8719
7.8512
7.8952
7.8396
+0.0211
SHFE.NI2610/LME 3M
7.8674
7.8661
7.9018
7.8205
+0.03
SHFE.NI2611/LME 3M
7.8301
7.8884
7.918
7.8171
-0.023
SHFE.NI2612/LME 3M
7.8953
7.9023
7.9495
7.8638
+0.0226
SHFE.NI2701/LME 3M
7.8997
7.9252
7.9619
7.8474
+0.0152

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Import Arbitrage

Price description
Price
Open
High
Low
Change
Nickel import arbitrage(Spot) (CNY/mt)
-309.0509
-91.788
342.8203
-500.8623
-4.751
Nickel import arbitrage(NI2602) (CNY/mt)
-1,332.3228
-1,669.0667
-1,245.4114
-4,943.349
+847.944
Nickel import arbitrage(NI2603) (CNY/mt)
-866.9269
-649.5936
-214.9764
-1,058.5533
-4.795
Nickel import arbitrage(NI2604) (CNY/mt)
-866.4591
1,050.2796
1,050.2796
-996.4673
+0.5566
Nickel import arbitrage(NI2605) (CNY/mt)
-927.6102
-275.952
-232.8031
-1,106.8692
-41.738
Nickel import arbitrage(NI2606) (CNY/mt)
-1,156.4562
470.2704
470.2704
-1,338.989
-66.1774
Nickel import arbitrage(NI2607) (CNY/mt)
-1,680.6625
-914.6804
-431.9626
-1,924.6905
-362.3935
Nickel import arbitrage(NI2608) (CNY/mt)
-2,185.3492
306.9293
306.9293
-2,491.2939
+66.7806
Nickel import arbitrage(NI2609) (CNY/mt)
-1,536.1248
-1,881.2278
-1,121.2437
-2,056.1048
+342.8991

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