Prediction of base price of nickel ore domestic trade in Indonesia in May 2022

The forecast value of the domestic benchmark price of nickel ore in Indonesia in May (MC 30%), of which

NI1.7% FOB USD 71.58/wet ton, it is expected to decrease by USD 5.53 month-on-month and increase by USD 36.66 year-on-year;

NI1.8% FOB USD 80.00/wet ton, it is expected to decrease by USD 6.18 month-on-month and increase by USD 40.97 year-on-year;

NI1.9% FOB USD 88.89/wet ton, it is expected to decrease by USD 6.86 month-on-month and increase by USD 45.52 year-on-year;

NI2.0% FOB USD 98.24/wet ton, it is expected to decrease by USD 7.58 month-on-month and increase by USD 50.31 year-on-year.

The actual domestic trade price will be subject to the value announced by the Indonesian Ministry of Energy and Mines.

Due to the sharp rise in nickel prices in March, the benchmark price of NI1.8% (MC 30%) nickel ore domestic trade in April rose 52.93% to $86.17. It is reported that in actual trade, the ferronickel factory mostly extended the price in March, that is, NI1.8% (MC 30%) at US$56.35.

Hot push: Calculation of spot cost and profit of ferronickel in Indonesia!


Post time: May-13-2022
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