The Indonesia Nickel Miners Association (APNI) has announced the benchmark prices for nickel ore for the first half of November2025. The reference price was set at $15,075.33/wmt, dropping by 0.44% from the second period of October.
Detailed FOB prices by grade (Ni content 35% moisture):
Ni 1.6%: $26.65/wmt, down $0.12 from October (Period II)
Ni 1.7%: $29.98/wmt, down $0.13 from October (Period II)
Ni 1.8%: $33.51/wmt, down $0.15 from October (Period II)
Ni 1.9%: $37.24/wmt, down $0.16 from October (Period II)
Ni 2.0%: $41.16/wmt, down $0.18 from October (Period II)
Written by Cora Ji, jiruyan@mysteel.com
