Nickel futures have been rising steadily since mid-March to trade above $15,800 per tonne in the last week of November, due to increased supply of nickel ore to China’s stainless steel sector, as the Chinese economy recovers from the coronavirus-hit. Nickel has gained near 14% this year, touching $15,976 a tonne on October 20th, the highest since November of 2019. However, the outlook for nickel remains challenging as Chinese stainless-steel producers face high input costs and sluggish global demand. South Africa approved an export tax on chrome ore, a key ingredient in stainless steel, aiming to support the local ferrochrome industry. The International Nickel Study Group Global expects nickel demand at 2.52 million tonnes in 2021 from 2.32 million tonnes this year.

Historically, Nickel reached an all time high of 54050 in May of 2007. Nickel - data, forecasts, historical chart - was last updated on November of 2020.

Nickel is expected to trade at 15307.16 USD/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 13377.96 in 12 months time.

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Nickel


Nickel
Nickel futures are available for trading in The London Metal Exchange (LME). The standard contact has a weight of 6 tonnes. Nickel is mainly used in the production of stainless steel and other alloys and can be found in food preparation equipment, mobile phones, medical equipment, transport, buildings, power generation. The biggest producers of nickel are Philippines, Russia, Canada, New Caledonia, Australia, Indonesia, Brazil, Cuba and Colombia. The nickel prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our nickel prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so. .
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
44.9600 0.47 1.06% 6.67% 20.25% -26.53% Nov/27
Brent
USD/Bbl
47.8100 0.01 0.02% 6.34% 22.21% -27.99% Nov/27
Natural gas
USD/MMBtu
2.9460 0.02 0.65% 11.17% -1.67% 37.13% Nov/27
Gasoline
USD/Gal
1.2658 0.00 -0.04% 7.71% 17.05% -26.27% Nov/27
Heating oil
USD/Gal
1.3658 0.00 -0.20% 6.18% 22.58% -32.59% Nov/27
Ethanol
USD/Gal
1.3700 0.04 -2.84% -3.52% -12.57% -1.94% Nov/25
Naphtha
USD/T
371.04 0.65 0.18% 1.41% -1.74% -30.79% Nov/25
Propane
USD/Gal
0.55 0.00 0.29% 0.07% 4.70% 22.98% Nov/25
Uranium
USD/Lbs
29.1500 0.00 0.00% 0.52% -1.02% 17.30% Nov/25

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,808.04 2.53 -0.14% -3.34% -3.68% 18.31% Nov/27
Silver
USD/t.oz
23.190 0.26 -1.11% -3.95% -0.94% 28.69% Nov/27
Platinum
USD/t.oz
953.80 7.94 -0.83% 0.84% 9.95% -0.96% Nov/27

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,182.0000 0.75 -0.06% -0.02% 11.75% 23.50% Nov/27
Wheat
USd/Bu
588.0000 0.25 0.04% -0.89% -3.41% 4.74% Nov/27
Palm Oil
MYR/T
2,757.00 28.00 -1.01% -3.94% 5.11% -0.33% Nov/26
Cheese
USD/Lbs
2.4290 0.00 -0.12% -0.04% 5.88% 34.65% Nov/25
Milk
USD/CWT
23.11 0.03 -0.13% -0.17% 6.84% 35.46% Nov/25
Rice
USD/cwt
12.4450 0.06 0.44% -0.04% 1.26% -3.79% Nov/25
Cotton
USd/Lbs
70.90 0.63 -0.88% 1.75% -1.68% 2.35% Nov/25
Coffee
USd/Lbs
114.50 1.35 1.19% -4.38% 7.36% -9.91% Nov/25
Sugar
USd/Lbs
14.77 0.27 -1.80% -4.40% 0.00% 12.49% Nov/25
Orange Juice
USd/Lbs
127.35 0.35 -0.27% -0.78% 8.75% 34.26% Nov/25
Lumber
USD/1000 board feet
617.10 16.60 2.76% 3.59% 22.68% 51.73% Nov/25
Tea
USD/Kgs
2.71 0.00 0.00% 0.00% 1.12% 8.40% Nov/26
Oat
USd/Bu
283.0000 2.75 -0.96% -4.79% -8.12% -5.03% Nov/26
Cocoa
USD/T
2,993.00 61.00 -2.00% 5.72% 19.86% 18.21% Nov/25
Wool
AUD/100Kg
1,150.00 0.00 0.00% -0.78% 0.17% -26.19% Nov/26
Canola
CAD/T
577.70 0.30 0.05% 0.21% 8.33% 22.52% Nov/27
Rubber
JPY/Kg
246.20 1.70 -0.69% 0.45% -19.28% 39.73% Nov/27
Corn
USd/BU
420.0000 5.75 -1.35% -1.35% 0.54% 8.46% Nov/25

Livestock Price Day Weekly Monthly YTD Date
Feeder Cattle
USd/Lbs
140.1750 1.58 1.14% 2.30% 4.84% -3.09% Nov/25
Live Cattle
USd/Lbs
111.3750 0.20 0.18% 0.66% 7.12% -11.31% Nov/25
Lean Hogs
USd/Lbs
66.1750 0.88 1.34% 0.57% -2.32% -7.51% Nov/25
Beef
BRL/Kg
18.99 0.00 0.00% -0.26% 6.81% 32.06% Nov/26
Poultry
BRL/Kgs
6.36 0.00 0.00% -2.45% 3.58% 18.88% Nov/26

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
3.3660 0.01 0.25% 2.37% 10.18% 19.48% Nov/27
Lithium
CNY/T
39,000.00 0.00 0.00% 0.00% 0.00% -21.21% Nov/27
Bitumen
CNY/T
2,420.00 32.00 -1.31% 7.36% -0.17% -21.28% Nov/26
Steel
CNY/T
4,040.00 31.00 -0.76% -1.46% 11.45% 7.96% Nov/26
Cobalt
USD/T
32,390.00 0.00 0.00% -0.02% -2.75% -1.10% Nov/26
Lead
USD/T
2,023.15 6.00 0.30% 3.08% 14.97% 5.73% Nov/26
Nickel
USD/T
16,224.50 214.50 1.34% 2.73% 2.21% 16.30% Nov/26
Molybdenum
USD/Kg
23.50 0.00 0.00% 0.00% 13.53% 6.58% Nov/26
Iron Ore
USD/T
127.00 0.00 0.00% 0.00% 9.01% 38.04% Nov/26
Coal
USD/T
69.52 0.17 0.25% 8.20% 17.87% -0.23% Nov/26
Aluminum
USD/T
1,984.75 9.00 0.46% -0.13% 10.00% 9.99% Nov/27
Tin
USD/T
18,877.50 85.00 0.45% 0.79% 4.19% 9.82% Nov/27
Zinc
USD/T
2,773.00 9.75 0.35% 0.68% 8.95% 20.04% Nov/27
Palladium
USD/t.oz
2,392.07 8.67 0.36% 2.84% 6.90% 23.33% Nov/27
Iron Ore 62% fe
USD/T
123.6300 0.23 0.19% 1.10% 2.39% 33.54% Nov/25
Rhodium
USD/t oz.
16,100.00 0.00 0.00% 4.21% 11.42% 166.12% Nov/26
Manganese
CNY/T
28.00 0.00 0.00% 0.00% -5.08% -11.11% Nov/26
Soda Ash
CNY/T
1,600.00 0.00 0.00% -11.93% -14.29% 2.13% Nov/26
Neodymium
CNY/T
610,000.00 30,000.00 5.17% 21.39% 38.01% 68.51% Nov/26

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
1,219.00 22.00 1.84% 7.50% -13.73% 24.90% Nov/26
CRB Index
Index Points
170.40 0.00 0.00% 3.45% 6.43% -13.34% Nov/26
LME Index
Index Points
3,310.50 31.70 0.97% 2.44% 8.22% 16.43% Nov/26
S&P GSCI
Index Points
1,875.12 0.00 0.00% 4.70% 7.42% -27.65% Nov/26