The Indonesian Nickel Miners Association (APNI) has released the domestic benchmark price (Period 2) for nickel ore trade in April 2025, setting the reference price at USD 15,539.69/wmt, marking a 3.64% decrease from the first April pricing of USD 16,126.33/wmt.
Detailed FOB prices by grade (Ni content 35% moisture):
Ni 1.6%: USD 27.47/wmt (down USD 1.04 from April Period 1)
Ni 1.7%: USD 30.91/wmt (down USD 1.17 from April Period 1)
Ni 1.8%: USD 34.54/wmt (down USD 1.31 from April Period 1)
Ni 1.9%: USD 38.38/wmt (down USD 1.45 from April Period 1)
Ni 2.0%: USD 42.42/wmt (down USD 1.60 from April Period 1)
Written by Cora Ji, jiruyan@mysteel.com
