Dear Customers,
Greetings!
Currently, with the gradual improvement of the laterite nickel ore in the Indonesian market, in order to more accurately and effectively reflect the market fluctuations of laterite nickel ore in the Indonesian market with different grades, better serve customers related to the nickel industry chain, and enhance the reference value of quotations, SMM will add six new weekly price points for laterite nickel ore in the Indonesian market, in addition to the existing price points for 1.2% and 1.6% grades. These new price points will be officially launched on March 28.
The new weekly price points are as follows:
1. Laterite nickel ore 1.3% (FOB) weekly price in the Indonesian market;
2. Laterite nickel ore 1.3% (CIF) weekly price in the Indonesian market;
3. Laterite nickel ore 1.4% (FOB) weekly price in the Indonesian market;
4. Laterite nickel ore 1.4% (CIF) weekly price in the Indonesian market;
5. Laterite nickel ore 1.5% (FOB) weekly price in the Indonesian market;
6. Laterite nickel ore 1.5% (CIF) weekly price in the Indonesian market.
This update will further improve our quotation system, strengthen our connection with the market, keep pace with market changes, provide objective and fair price guidance for the market, assist in building the upstream and downstream of the nickel market, reduce market transaction costs, and mitigate transaction risks. The price points will be maintained every Friday at 12:00 noon Beijing time (11:00 a.m. Jakarta time) on working days.
This is hereby announced.
Nickel Division, Industry Research Department
Shanghai Metals Market (SMM)
March 28, 2025
![[SMM Nickel Midday Commentary] On March 26, influenced by expectations surrounding the policy of “Indonesia's proposed levy of a nickel export tax,” nickel prices rose significantly](https://imgqn.smm.cn/usercenter/CjEnN20251217171733.jpg)
