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Nickel prices

Switch to Originalswitch

Nickel Cathode

Price description
icon
Price Range
Avg.
Change
Date
SMM #1 Nickel (CNY/mt)
119,000-121,300
120,150
-950
Jul 09, 2025
#1 JinChuan Nickel (CNY/mt)
129,250-129,950
129,600
+1,050
Dec 25, 2024
#1 JinChuan Nickel premium/discount (CNY/mt)
4,000-4,400
4,200
-200
Dec 25, 2024
#1 Import Nickel (CNY/mt)
125,050-125,550
125,300
+1,200
Dec 25, 2024
#1 Import Nickel premium/discount (CNY/mt)
(-200)-0
-100
-50
Dec 25, 2024
Electro-deposited Nickel (CNY/mt)
125,000-125,950
125,475
+25
Jul 07, 2025
Nickel Briquettes (CNY/mt)
124,750-125,150
124,950
+1,250
Dec 25, 2024

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Nickel Ore

Price description
icon
Price Range
Avg.
Change
Date
Indonesia laterite nickel ore 1.2% (delivered duty unpaid) (USD/wmt)
20-24
22
0
Feb 07, 2025
Indonesia laterite nickel ore 1.6% (delivered duty unpaid) (USD/wmt)
43-45
44
0
Jan 14, 2025
Ni0.9%,Fe49%,Al≥7%,CIF,Philippines (USD/wmt)
30-32
31
0
Dec 25, 2024
Ni0.9%,Fe49%,Al<7%,CIF,Philippines (USD/wmt)
36-37
36.5
0
Dec 25, 2024
Ni1.3%,Fe15-25%,CIF,Philippines (USD/wmt)
37-39
38
0
Dec 25, 2024
Ni1.4%,Fe15-25%,CIF,Philippines (USD/wmt)
44-46
45
0
Dec 25, 2024
Ni1.5%,Fe15-25%,CIF,Philippines (USD/wmt)
51-53
52
0
Dec 25, 2024
Ni1.8%,Fe15-20%,CIF (USD/wmt)
70-72
71
0
Dec 25, 2024
Ni0.9%,Fe49%,Al≥7% FOB,Philippines (USD/wmt)
16-19
17.5
0
Dec 25, 2024
Ni0.9%,Fe49%,Al<7%,FOB,Philippines (USD/wmt)
25-26
25.5
0
Dec 25, 2024
Ni1.3%,Fe15-25%,FOB,Philippines (USD/wmt)
28-29
28.5
0
Dec 25, 2024
Ni1.4%,Fe15-25%,FOB,Philippines (USD/wmt)
35-36
35.5
0
Dec 25, 2024
Ni1.8%,Fe15-20%,FOB (USD/wmt)
61-64
62.5
0
Dec 25, 2024
Ni1.5%,Fe15-25%,FOB,Philippines (USD/wmt)
42-43
42.5
0
Dec 25, 2024
Nickel Ore Freight Rates Philippines to Lianyungang Port (USD/mt)
8-8.5
8.25
0
Dec 25, 2024
Nickel Ore Freight Rates Philippines to Tianjin Port (USD/mt)
8.5-9.5
9
0
Dec 25, 2024

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NPI Price

Price description
icon
Price Range
Avg.
Change
Date
High-grade NPI Index (CNY/mtu)
1,002.76-1,002.76
1,002.76
-0.74
Sep 04, 2024
Low-Carbon High-Grade NPI Index (CNY/Ni)
1,012.4-1,012.4
1,012.4
-0.6
Sep 04, 2024
Indonesia NPI FOB Index (USD/mtu)
117.51-117.51
117.51
-5.69
Sep 19, 2025
NPI (8-12%) (CNY/mtu)
935-945
940
0
Dec 25, 2024
NPI(10-14%) Indonesia (CNY/mtu)
942-948
945
0
Dec 25, 2024
NPI(Ni≥14%) Indonesia (CNY/mtu)
948-962
955
0
Dec 25, 2024
NPI (1.5-1.7%) (CNY/mt)
3,400-3,500
3,450
0
Dec 25, 2024

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Stainless Steel

Price description
icon
Price Range
Avg.
Change
Date
201/2B Coil (Wuxi) (CNY/mt)
7,395-7,600
7,497.5
-2.5
Jul 02, 2025
304/2B Coil - Burr Edge (Wuxi) (CNY/mt)
12,950-13,200
13,075
-25
Dec 25, 2024
304/2B Coil - Deburred Edge (Wuxi) (CNY/mt)
13,600-13,800
13,700
0
Dec 25, 2024
304/No.1 Coil (Wuxi) (CNY/mt)
12,400-12,500
12,450
0
Dec 25, 2024
316L/2B coil (Wuxi) (CNY/mt)
23,600-23,800
23,700
-50
Dec 25, 2024
316L/No.1 coil (Wuxi) (CNY/mt)
22,400-22,500
22,450
0
Dec 25, 2024
430/2B Coil (Wuxi) (CNY/mt)
7,150-7,450
7,300
0
Dec 25, 2024
409L/2B Coil (Wuxi) (CNY/mt)
7,300-7,600
7,450
0
Dec 25, 2024
201/2B Coil (Foshan) (CNY/mt)
7,500-7,800
7,650
0
Dec 25, 2024
304/2B Coil-EM (Foshan) (CNY/mt)
12,900-13,250
13,075
-25
Dec 25, 2024
304/2B Coil-EC (Foshan) (CNY/mt)
13,700-13,900
13,800
0
Dec 25, 2024
304/No.1 Coil (Foshan) (CNY/mt)
12,450-12,550
12,500
0
Dec 25, 2024
316L/2B coil (Foshan) (CNY/mt)
24,000-24,200
24,100
0
Dec 25, 2024
316L/No.1 coil (Foshan) (CNY/mt)
22,600-23,000
22,800
0
Dec 25, 2024
430/2B Coil (Foshan) (CNY/mt)
7,250-7,450
7,350
0
Dec 25, 2024
409L/2B Coil (Foshan) (CNY/mt)
7,350-7,650
7,500
0
Dec 25, 2024
201/2B Coil (National Average Price) (CNY/mt)
7,730-7,730
7,730
0
Dec 25, 2024
304/2B Coil (National Average Price) (CNY/mt)
13,120-13,120
13,120
-10
Dec 25, 2024
304/NO.1 Coil (National Average Price) (CNY/mt)
12,490-12,490
12,490
0
Dec 25, 2024
316/2B Coil (National Average Price) (CNY/mt)
23,855-23,855
23,855
-35
Dec 25, 2024
430/2B Coil (National Average Price) (CNY/mt)
7,340-7,340
7,340
0
Dec 25, 2024
201 recharge (Foshan) (CNY/mt)
4,400-4,700
4,550
0
Dec 25, 2024
304 Scrap Stainless Steel Cut-Off (CNY/mt)
9,450-9,550
9,500
0
Dec 25, 2024
304 Edge Material (Foshan) (CNY/mt)
9,450-9,750
9,600
0
Dec 25, 2024
316 recharge (Shanghai) (CNY/mt)
17,300-17,500
17,400
0
Dec 25, 2024
316 recharge (Foshan) (CNY/mt)
17,300-17,500
17,400
0
Dec 25, 2024
430 recharge (Foshan) (CNY/mt)
3,800-3,900
3,850
0
Dec 25, 2024

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Nickel Compound

Price description
icon
Price Range
Avg.
Change
Date
testNickel Sulfate (Battery Grade) (CNY/mt)
26,000-26,920
26,460
+10
Dec 25, 2024
SMM Nickel Sulfate Index(Battery Grade) (CNY/mt)
28,174-28,174
28,174
0
Sep 04, 2024
Nickel Sulfate (Electroplating Grade) (CNY/mt)
30,000-32,000
31,000
0
Dec 25, 2024
Nickel Chloride (CNY/mt)
35,000-36,500
35,750
0
Dec 25, 2024
Nickel Oxide (CNY/mt)
100,000-106,000
103,000
0
Dec 25, 2024

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Nickel Intermediates

Price description
Price Range
Avg.
Change
Date
Indonesia MHP FOB (USD/nickel ton)
12,854-12,854
12,854
-55
Oct 25, 2024
MHP Coefficient (Index for SMM Nickel Sulfate index(Battery Grade)) (%)
78-79
78.5
0
Dec 25, 2024
Cobalt (in MHP) Coefficient (Co≥2%) (%)
65-69
67
0
Dec 25, 2024
Indonesia High-grade Nickel Matte FOB (USD/nickel ton)
13,703-13,703
13,703
-101
Oct 25, 2024

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Premium and Discount

Price description
Price Range
Avg.
Change
Date
JinChuan B&C (CNY/mt)
3,950-4,250
4,100
-150
Dec 25, 2024
Russian Nickel Premium (CNY/mt)
(-250)-(-150)
-200
0
Dec 25, 2024

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SHFE

Price description
Price
Open
High
Low
Vol.
Change
NI2510 (CNY/mt)
121,280
121,690
122,260
121,240
63,557
-750
NI2511 (CNY/mt)
121,470
121,650
122,480
121,450
39,050
-690
NI2512 (CNY/mt)
121,700
121,780
122,620
121,660
8,901
-590
NI2601 (CNY/mt)
121,920
122,030
122,830
121,840
6,479
-600
NI2602 (CNY/mt)
122,170
122,380
122,930
122,140
99
-550
NI2603 (CNY/mt)
122,430
122,780
123,110
122,410
57
-400
NI2604 (CNY/mt)
122,610
122,840
123,380
122,610
12
-360
NI2605 (CNY/mt)
122,760
123,200
123,690
122,760
157
-560
NI2606 (CNY/mt)
122,970
123,250
123,790
122,970
19
-350
NI2607 (CNY/mt)
123,350
123,350
123,740
123,350
6
-260
NI2608 (CNY/mt)
123,500
124,070
124,200
123,500
14
-570
NI2609 (CNY/mt)
123,530
124,040
124,040
123,530
8
-770

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LME

Price description
Price
Open
High
Low
Vol.
Change
LMEselect Nickel 3 Month (USD/mt)
15,330
15,385
15,395
15,310
496
-75

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SHFE/LME Ratio

Price description
Price
Open
High
Low
Change
SMM Spot/LME03
7.919
7.951
7.951
7.9104
-0.015
SHFE.NI2510/LME03
7.919
7.951
7.951
7.9104
-0.015
SHFE.NI2511/LME03
7.9314
7.9484
7.9556
7.926
-0.016
SHFE.NI2512/LME03
7.9465
7.9569
7.9674
7.9364
-0.013
SHFE.NI2601/LME03
7.9608
7.9732
7.9791
7.9481
-0.011
SHFE.NI2602/LME03
7.9771
7.9778
7.9993
7.9526
-0.014
SHFE.NI2603/LME03
7.9941
8.0039
8.028
7.9584
-0.012
SHFE.NI2604/LME03
8.0059
8.0183
8.043
7.9767
+0.008
SHFE.NI2605/LME03
8.0157
8.0339
8.0495
7.9942
-0.019
SHFE.NI2606/LME03
8.0294
8.0424
8.0698
8.0084
-0.018
SHFE.NI2607/LME03
8.0542
8.0489
8.0691
8.0123
+0.033
SHFE.NI2608/LME03
8.064
8.0487
8.1018
8.0482
-0.002
SHFE.NI2609/LME03
8.0659
8.0834
8.096
8.0607
-0.028

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Import Arbitrage

Price description
Price
Open
High
Low
Change
Nickel import arbitrage(Spot) (CNY/mt)
-3,342.7218
-2,694.8744
-2,694.8744
-3,403.1986
-273.218
Nickel import arbitrage(NI2510) (CNY/mt)
-3,906.6442
-3,278.7626
-3,278.7626
-3,967.121
-252.733
Nickel import arbitrage(NI2511) (CNY/mt)
-3,910.2087
-3,511.3916
-3,415.0931
-3,950.585
-269.436
Nickel import arbitrage(NI2512) (CNY/mt)
-3,891.5033
-3,567.5947
-3,421.0302
-3,970.0276
-254.859
Nickel import arbitrage(NI2601) (CNY/mt)
-3,979.5888
-3,638.3713
-3,561.525
-4,069.8042
-203.492
Nickel import arbitrage(NI2602) (CNY/mt)
-3,849.1409
-3,895.5765
-3,509.2496
-4,238.5578
-163.316
Nickel import arbitrage(NI2603) (CNY/mt)
-3,972.8297
-3,695.735
-3,381.7335
-4,354.7136
-234.145
Nickel import arbitrage(NI2604) (CNY/mt)
-4,223.802
-3,903.4402
-3,532.0693
-4,484.4279
+85.696
Nickel import arbitrage(NI2605) (CNY/mt)
-4,598.9868
-4,224.8642
-4,034.8166
-4,762.768
-310.476

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