Indonesian MHP Nickel Price Drops, Cobalt Steady, High-Grade Nickel Matte Falls

Published: Jun 8, 2026 12:01
According to SMM data, on June 8, the FOB price of Indonesian MHP nickel declined $36/mt Ni from yesterday, while the FOB price of Indonesian MHP cobalt rose $0/mt Co. The FOB price of Indonesian high-grade nickel matte declined $30/mt Ni.

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As of now, the FOB price of Indonesian MHP nickel stands at $17,341/mt Ni, and Indonesian MHP cobalt at $51,393/mt Co. MHP payables (against the SMM battery-grade nickel sulphate index) are 89-90, with the MHP cobalt payable indicator (against SMM refined cobalt (Rotterdam warehouse)) at 95. The FOB price of Indonesian high-grade nickel matte is $17,430/mt Ni.
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According to SMM data, on June 8, the FOB price of Indonesian MHP nick - Shanghai Metals Market (SMM)