The Indonesian Nickel Miners Association (APNI) has announced the domestic benchmark prices for nickel ore for the second period of May 2025. The reference price is set at $15,415/wmt, marking a 2.43% increase from the first period's $15,049.23/wmt.
Detailed FOB prices by grade (Ni content 35% moisture):
Ni 1.6%: $26.61/wmt, up $0.65 from May (Period I)
Ni 1.7%: $29.93/wmt, up $0.73 from May (Period I)
Ni 1.8%: $33.45/wmt, up $0.81 from May (Period I)
Ni 1.9%: $37.17/wmt, up $0.90 from May (Period I)
Ni 2.0%: $41.08/wmt, up $1.00 from May (Period I)
Written by Cora Ji, jiruyan@mysteel.com
