The Indonesia Nickel Miners Association (APNI) has announced the benchmark prices for nickel ore for the second half of September 2025. The reference price was set at $15,000.95/wmt, rising by 0.68% from the first period of September.
Detailed FOB prices by grade (Ni content 35% moisture):
Ni 1.6%: $26.52/wmt, down $0.18 from September (Period I)
Ni 1.7%: $29.84/wmt, down $0.20 from September (Period I)
Ni 1.8%: $33.35/wmt, down $0.22 from September (Period I)
Ni 1.9%: $37.05/wmt, down $0.25 from September (Period I)
Ni 2.0%: $40.95/wmt, down $0.27 from September (Period I)
Written by Cora Ji, jiruyan@mysteel.com
