The Indonesia Nickel Miners Association (APNI) has announced the domestic benchmark prices for nickel ore for the first half of October 2025. The reference price was set at $15,101.67/wmt, increasing by 0.68% from the second period of September ($15,000.33/wmt).
Detailed FOB prices by grade (Ni content 35% moisture):
Ni 1.6%: $26.70/wmt, up $0.18 from September (Period II)
Ni 1.7%: $30.04/wmt, up $0.20 from September (Period II)
Ni 1.8%: $33.57/wmt, up $0.23 from September (Period II)
Ni 1.9%: $37.30/wmt, up $0.25 from September (Period II)
Ni 2.0%: $41.23/wmt, up $0.28 from September (Period II)
Written by Cora Ji, jiruyan@mysteel.com
