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Home / Metal News / [SMM Announcement] New Price Announcement for ‘SMM Indonesia Refined Nickel, FOB Indonesia, USD/tonne’

[SMM Announcement] New Price Announcement for ‘SMM Indonesia Refined Nickel, FOB Indonesia, USD/tonne’

iconSep 11, 2025 16:48
Source:SMM

Indonesia holds over 60% of the world's nickel reserves and plays a central role in nickel resource supply and processing. In 2023, Indonesia achieved a breakthrough in refined nickel exports, increasing from zero to substantial volumes, with exports reaching 43,600 mt in 2024. New refined nickel projects are currently under construction, and Indonesia's refined nickel capacity is expected to increase to 180,000 mt by 2026. Future exports are anticipated to expand further, making Indonesia's refined nickel price trends significantly influential in the global nickel market.

To actively respond to changes in the Indonesian refined nickel market, meet the urgent needs of users for Indonesian refined nickel FOB prices, and enhance market information transparency, SMM has decided:

Starting from September 19, 2025, to publish the‘SMM Indonesia Refined Nickel, FOB Indonesia, USD/tonne’price

Price details are as follows:

  • Description: SMM Indonesia Refined Nickel, FOB Indonesia, USD/tonne
  • Quality: Ni 99.80% min
  • Definition: FOB Indonesia main ports
  • Unit: USD/tonne
  • Quantity: Min 30 tonnes
  • Timing: 1-3 months
  • Payment Terms: L/C/TT at sight in USD , or other payment terms normalized
  • Publication: Weekly, Friday 10:30 AM Beijing Time
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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