【SMM Nickel Flash】Indonesia Nickel Ore Market Remains Stable on September 29

Published: Sep 29, 2026 12:06 (GMT+8)

Source: SMM

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On September 29, Indonesia's nickel ore market remained stable, with prices for major grades unchanged:

1.2% Ni: $26.5/wmt, unchanged

1.3% Ni: $28.5/wmt, unchanged

1.4% Ni: $51.8/wmt, unchanged

1.5% Ni: $58.5/wmt, unchanged

1.6% Ni: $63.4/wmt, unchanged

Market sources said additional 2026 RKAB quotas are gradually being approved and released, although the total additional quota has yet to be officially announced. Market attention is increasingly shifting from quota approvals to actual mine production and nickel ore shipments.

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.

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