Against the backdrop of macroeconomic changes, global market sentiment has improved. The extension of the tariff truce between China and the United States, strong economic data from China, and the emergence of replenishment demand have boosted market optimism and provided support for the nickel market price. After a period of silence of over two weeks, trade activities in the nickel iron market picked up last week. Due to the need for stainless steel factories to replenish their inventories at the end of the month, it is expected that there will be more transactions during this period. The nickel ore production in Indonesia increased significantly in the second quarter, with increases in production at Merdeka Battery Materials (MBMA), Aneka Tambang (Antam), and Nickel Industries.
The above prices and summary are derived from the latest Indonesia Nickel Index (INI) report. You can apply for a trial access to the report by scanning the QR code below. Argus/Indeks Komoditas
Indonesian Nickel Index (INI) Report
The Indonesian Nickel Index (INI) report, jointly launched by Agence France-Presse and the Indonesian Commodity Index Institute (abbreviated as PT IKI), is a brand-new initiative to enhance the price transparency of this globally fastest-growing nickel regional market.
The INI Index encompasses weekly price assessments for three grades of secondary nickel and intermediate products, namely based on FOB Indonesia: nickel pig iron, high-grade nickel, and nickel-cobalt hydrometallurgical intermediate products (MHP). These prices are generated and published on the INI Index report by Agence France-Presse and PT IKI through independent evaluations of these products.
