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Nickel prices

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Nickel Cathode

Price description
icon
Price Range
Avg.
Change
Date
SMM #1 Nickel (USD/mt)
14,819.86-15,139.1
14,979.48
-178.03
Jul 07, 2025
#1 JinChuan Nickel (USD/mt)
15,633.66-15,718.33
15,675.99
+130.19
Dec 25, 2024
#1 JinChuan Nickel premium/discount (USD/mt)
483.83-532.21
508.02
-24.08
Dec 25, 2024
#1 Import Nickel (USD/mt)
15,125.64-15,186.12
15,155.88
+148.22
Dec 25, 2024
#1 Import Nickel premium/discount (USD/mt)
(-24.19)-0
-12.1
-6.05
Dec 25, 2024
Electro-deposited Nickel (USD/mt)
15,347.83-15,464.47
15,406.15
+232.13
Jul 07, 2025
Nickel Briquettes (USD/mt)
15,089.35-15,137.74
15,113.54
+154.26
Dec 25, 2024

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NPI Price

Price description
icon
Price Range
Avg.
Change
Date
High-grade NPI Index (USD/mtu)
124.42-124.42
124.42
-0.02
Sep 04, 2024
Low-Carbon High-Grade NPI Index (USD/ni)
125.61-125.61
125.61
0
Sep 04, 2024
Indonesia NPI FOB Index (USD/mtu)
123.2-123.2
123.2
+0.3
Aug 30, 2024
NPI (8-12%) (USD/mtu)
113.09-114.3
113.7
+0.02
Dec 25, 2024
NPI(10-14%) Indonesia (USD/mtu)
113.94-114.67
114.3
+0.02
Dec 25, 2024
NPI(Ni≥14%) Indonesia (USD/mtu)
114.67-116.36
115.51
+0.02
Dec 25, 2024
NPI (1.5-1.7%) (USD/mt)
411.25-423.35
417.3
+0.09
Dec 25, 2024

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Stainless Steel

Price description
icon
Price Range
Avg.
Change
Date
201/2B Coil (Wuxi) (USD/mt)
907.98-933.15
920.56
+13.7
Jul 02, 2025
304/2B Coil - Burr Edge (Wuxi) (USD/mt)
1,566.39-1,596.63
1,581.51
-2.7
Dec 25, 2024
304/2B Coil - Deburred Edge (Wuxi) (USD/mt)
1,645.01-1,669.2
1,657.11
+0.34
Dec 25, 2024
304/No.1 Coil (Wuxi) (USD/mt)
1,499.86-1,511.96
1,505.91
+0.31
Dec 25, 2024
316L/2B coil (Wuxi) (USD/mt)
2,854.58-2,878.77
2,866.67
-5.46
Dec 25, 2024
316L/No.1 coil (Wuxi) (USD/mt)
2,709.43-2,721.53
2,715.48
+0.56
Dec 25, 2024
430/2B Coil (Wuxi) (USD/mt)
864.84-901.13
882.98
+0.18
Dec 25, 2024
409L/2B Coil (Wuxi) (USD/mt)
882.98-919.27
901.13
+0.18
Dec 25, 2024
201/2B Coil (Foshan) (USD/mt)
907.18-943.46
925.32
+0.19
Dec 25, 2024
304/2B Coil-EM (Foshan) (USD/mt)
1,560.34-1,602.68
1,581.51
-2.7
Dec 25, 2024
304/2B Coil-EC (Foshan) (USD/mt)
1,657.11-1,681.3
1,669.2
+0.34
Dec 25, 2024
304/No.1 Coil (Foshan) (USD/mt)
1,505.91-1,518.01
1,511.96
+0.31
Dec 25, 2024
316L/2B coil (Foshan) (USD/mt)
2,902.96-2,927.15
2,915.06
+0.6
Dec 25, 2024
316L/No.1 coil (Foshan) (USD/mt)
2,733.62-2,782
2,757.81
+0.57
Dec 25, 2024
430/2B Coil (Foshan) (USD/mt)
876.94-901.13
889.03
+0.18
Dec 25, 2024
409L/2B Coil (Foshan) (USD/mt)
889.03-925.32
907.18
+0.19
Dec 25, 2024
304/2B Coil (National Average Price) (USD/mt)
1,586.95-1,586.95
1,586.95
-0.88
Dec 25, 2024
304/NO.1 Coil (National Average Price) (USD/mt)
1,510.75-1,510.75
1,510.75
+0.31
Dec 25, 2024
316/2B Coil (National Average Price) (USD/mt)
2,885.42-2,885.42
2,885.42
-3.64
Dec 25, 2024
430/2B Coil (National Average Price) (USD/mt)
887.82-887.82
887.82
+0.18
Dec 25, 2024
201 recharge (Foshan) (USD/mt)
532.21-568.5
550.35
+0.11
Dec 25, 2024
304 Scrap Stainless Steel Cut-Off (USD/mt)
1,143.04-1,155.14
1,149.09
+0.24
Dec 25, 2024
304 Edge Material (Foshan) (USD/mt)
1,143.04-1,179.33
1,161.18
+0.24
Dec 25, 2024
316 recharge (Shanghai) (USD/mt)
2,092.55-2,116.74
2,104.65
+0.43
Dec 25, 2024
316 recharge (Foshan) (USD/mt)
2,092.55-2,116.74
2,104.65
+0.43
Dec 25, 2024
430 recharge (Foshan) (USD/mt)
459.64-471.73
465.68
+0.1
Dec 25, 2024

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Nickel Compound

Price description
icon
Price Range
Avg.
Change
Date
testNickel Sulfate (Battery Grade) (USD/mt)
3,144.88-3,256.16
3,200.52
+1.87
Dec 25, 2024
SMM Nickel Sulfate Index(Battery Grade) (USD/mt)
3,495.7-3,495.7
3,495.7
+2.01
Sep 04, 2024
Nickel Sulfate (Electroplating Grade) (USD/mt)
3,628.7-3,870.62
3,749.66
+0.77
Dec 25, 2024
Nickel Chloride (USD/mt)
4,233.49-4,414.92
4,324.2
+0.89
Dec 25, 2024
Nickel Oxide (USD/mt)
12,095.67-12,821.41
12,458.54
+2.55
Dec 25, 2024

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Nickel Intermediates

Price description
Price Range
Avg.
Change
Date

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Premium and Discount

Price description
Price Range
Avg.
Change
Date
JinChuan B&C (USD/mt)
477.78-514.07
495.92
-18.04
Dec 25, 2024
Russian Nickel Premium (USD/mt)
(-34.17)-(-20.5)
-27.34
-0.01
Dec 25, 2024

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SHFE

Price description
Price
Open
High
Low
Vol.
Change
NI2508 (CNY/mt)
120,000
119,120
120,000
118,980
108
+50
NI2509 (CNY/mt)
120,050
119,510
120,350
119,180
69,672
+70
NI2510 (CNY/mt)
120,180
119,190
120,460
119,190
19,477
+100
NI2511 (CNY/mt)
120,410
119,610
120,670
119,510
3,037
+140
NI2512 (CNY/mt)
120,510
119,870
120,840
119,700
1,753
-60
NI2601 (CNY/mt)
120,890
120,310
121,190
119,980
3,330
+110
NI2602 (CNY/mt)
121,150
120,560
121,150
120,310
19
+220
NI2603 (CNY/mt)
121,020
120,690
121,020
120,560
12
-250
NI2604 (CNY/mt)
121,000
121,160
121,220
121,000
7
-360
NI2605 (CNY/mt)
121,980
121,510
122,200
121,150
52
+220
NI2606 (CNY/mt)
121,860
121,900
121,900
121,860
2
-500
NI2607 (CNY/mt)
122,190
121,900
122,190
121,900
2
-240

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LME

Price description
Price
Open
High
Low
Vol.
Change
LMEselect Nickel 3 Month (USD/mt)
15,020
14,955
15,020
14,760
10,557
+84

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SHFE/LME Ratio

Price description
Price
Open
High
Low
Change
SMM Spot/LME03
7.9973
8.0108
8.0465
7.9612
+0.003
SHFE.NI2508/LME03
7.9973
8.0108
8.0465
7.9612
+0.003
SHFE.NI2509/LME03
8.0007
8.0668
8.0668
7.9987
-0.013
SHFE.NI2510/LME03
8.0093
8.0452
8.0539
8.0093
-0.013
SHFE.NI2511/LME03
8.0247
8.0736
8.0736
8.022
-0.015
SHFE.NI2512/LME03
8.0313
8.0911
8.0911
8.0313
-0.025
SHFE.NI2601/LME03
8.0566
8.1208
8.1208
8.0521
-0.017
SHFE.NI2602/LME03
8.074
8.1022
8.1104
8.0386
-0.009
SHFE.NI2603/LME03
8.0653
8.1218
8.1279
8.0626
-0.04
SHFE.NI2604/LME03
8.064
8.137
8.1596
8.0559
-0.062
SHFE.NI2605/LME03
8.1293
8.1633
8.1736
8.1047
-0.007
SHFE.NI2606/LME03
8.1539
8.1867
8.2033
8.1512
+0.028
SHFE.NI2607/LME03
8.1433
8.2088
8.2088
8.1379
-0.015

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Import Arbitrage

Price description
Price
Open
High
Low
Change
Nickel import arbitrage(Spot) (CNY/mt)
-3,664.84
-3,452.57
-2,907.92
-4,161.79
+386.852
Nickel import arbitrage(NI2508) (CNY/mt)
-3,968.56
-3,756.34
-3,211.66
-4,465.46
+387.719
Nickel import arbitrage(NI2509) (CNY/mt)
-4,205.74
-3,231.1
-3,231.1
-4,234.01
+128.203
Nickel import arbitrage(NI2510) (CNY/mt)
-4,361.27
-3,858.63
-3,626.13
-4,361.27
+113.263
Nickel import arbitrage(NI2511) (CNY/mt)
-4,363.09
-3,758.18
-3,734.19
-4,403.09
+138.499
Nickel import arbitrage(NI2512) (CNY/mt)
-4,555.15
-3,677.07
-3,613.89
-4,555.15
-44.746
Nickel import arbitrage(NI2601) (CNY/mt)
-4,330.11
-3,880.94
-3,762.64
-4,542.22
+255.655
Nickel import arbitrage(NI2602) (CNY/mt)
-4,524.12
-4,263.7
-4,140.16
-5,220.23
+27.254
Nickel import arbitrage(NI2603) (CNY/mt)
-4,791.76
-3,889.22
-3,798.37
-4,802.05
-294.437

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