The Indonesia Nickel Miners Association (APNI) has announced the benchmark prices for nickel ore for the first half of January 2026. The reference price was set at $14,630/wmt, up 0.21% from the second period of December ($14,599.33/wmt).
Detailed FOB prices by grade (Ni content 35% moisture):
Ni 1.6%: $25.87/wmt, up $0.05 from December (Period II)
Ni 1.7%: $29.10/wmt, up $0.06 from December (Period II)
Ni 1.8%: $32.52/wmt, up $0.07 from December (Period II)
Ni 1.9%: $36.14/wmt, up $0.08 from December (Period II)
Ni 2.0%: $39.94/wmt, up $0.08 from December (Period II)
Written by Cora Ji, jiruyan@mysteel.com
