Indonesian Nickel and Cobalt Prices Drop on May 19 Amid Global Market Fluctuations

Published: May 19, 2026 11:45
According to SMM data, on May 19, the FOB price of Indonesian MHP nickel fell by $122/mt Ni from the previous day, and the FOB price of Indonesian MHP cobalt fell by $1/mt Co. The FOB price of Indonesian high-grade nickel matte fell by $217/mt Ni from the previous day.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Indonesia's Nickel Ore Shortage Forces Production Cuts and Maintenance at IWIP Industrial Park
Common.Time.minsAgo
Indonesia's Nickel Ore Shortage Forces Production Cuts and Maintenance at IWIP Industrial Park
Read More
Indonesia's Nickel Ore Shortage Forces Production Cuts and Maintenance at IWIP Industrial Park
Indonesia's Nickel Ore Shortage Forces Production Cuts and Maintenance at IWIP Industrial Park
[SMM Nickel Flash] According to SMM, Indonesia's nickel ore mining quotas were significantly tightened in 2026, exacerbating the shortage of nickel ore supply. As a result, some high-grade NPI production lines in Indonesia have entered maintenance and production cuts since March-April due to ore undersupply and high costs. Coupled with the commissioning of new aluminum capacity within the industrial park and the reallocation of power resources, it is expected that in the coming months, 10-15% of existing high-grade NPI capacity at the IWIP industrial park will remain under rotational maintenance, with little prospect of a notable recovery in short-term supply.
Common.Time.minsAgo
[NPI Daily Review] Downstream Push for Lower Prices Sentiment Strengthened, High-Grade NPI Price Center Shifted Downward
Common.Time.minsAgo
[NPI Daily Review] Downstream Push for Lower Prices Sentiment Strengthened, High-Grade NPI Price Center Shifted Downward
Read More
[NPI Daily Review] Downstream Push for Lower Prices Sentiment Strengthened, High-Grade NPI Price Center Shifted Downward
[NPI Daily Review] Downstream Push for Lower Prices Sentiment Strengthened, High-Grade NPI Price Center Shifted Downward
[SMM Daily Comment: Stronger Downstream Sentiment to Push for Lower Prices, High-Grade NPI Price Center Shifted Down] May 19 — The SMM high-grade NPI upstream sentiment factor was 3.16, down 0.09 MoM, and the high-grade NPI downstream sentiment factor was 2.16, down 0.08 MoM.
Common.Time.minsAgo
SMM Battery-Grade Nickel Sulphate Price Drops by 120 Yuan/mt on May 19
Common.Time.hoursAgo
SMM Battery-Grade Nickel Sulphate Price Drops by 120 Yuan/mt on May 19
Read More
SMM Battery-Grade Nickel Sulphate Price Drops by 120 Yuan/mt on May 19
SMM Battery-Grade Nickel Sulphate Price Drops by 120 Yuan/mt on May 19
According to SMM data, on May 19, the SMM battery-grade nickel sulphate average price fell by 120 yuan/mt from the previous day.
Common.Time.hoursAgo