Indonesia Cuts Base Export Prices of Nickel Ore, Why?

Published: Jun 5, 2017 14:36

Save

Indonesia’s Ministry of Trade said recently in Jakarta that the government will cut the base export prices of mineral products in June due to volatile prices in international market.

SHANGHAI, Jun. 5 (SMM) – Indonesia’s Ministry of Trade said recently in Jakarta that the government will cut the base export prices of mineral products in June due to volatile prices in international market.

The base export prices of 1.7% nickel ore will be cut by 6.83% or $13.35 per wmt.

Why Low-Grade NPI Market Reports Declines both in Price and Trading Volumes? SMM Reports

SMM attributes two factors behind its cut. First, the monthly nickel average price on the LME has been moving lower since the beginning of 2017, with May’s price off 4.94% from April’s. Second, mainstream nickel ore prices in China, key consumer of Indonesian nickel ore, drifted lower with demand weakening.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

nickel ore Indonesian export ban nickel ore inventory

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

4 hours ago

【SMM Analysis】Weekly Review of Indonesian Nickel Market - Apr 30

4 hours ago

6 hours ago

[SMM Nickel Market Flash] World Bank Says Indonesia’s New Nickel Capacity May Be Curbed by Tight Ore Supply

According to the World Bank’s April 2026 Commodity Markets Outlook, global refined nickel production is expected to increase modestly in 2026 and 2027 as new processing capacity comes online in Indonesia. However, the report warned that tighter upstream ore availability is likely to constrain capacity utilization. This suggests future growth in Indonesia’s nickel supply may depend increasingly on ore availability rather than nominal processing capacity alone.

6 hours ago

[SMM Nickel Market Flash] World Bank Sees Nickel Prices Rising 12% in 2026 on Tight Supply

According to the World Bank’s April 2026 Commodity Markets Outlook, nickel prices are projected to rise 12% year on year in 2026 and a further 3% in 2027, as global consumption growth is expected to outpace supply expansion. The report said that although new nickel processing capacity will continue to come online in Indonesia, tighter upstream ore availability is likely to constrain utilization rates and keep the market tight. It also noted that further disruptions to sulfur exports from Middle East producers could become an additional upside risk for nickel prices.

6 hours ago