Three things a buyer of forged nickel alloy needs: what the metal is doing, which alloy fits the service condition, and how to read the paperwork that comes with it. We publish all three.
Published market indications as of 2 November 2026, Shanghai close. Source: Mysteel nickel & cobalt desk, SMM, Changjiang Nonferrous. Figures are published market indications for reference only. Your quotation is priced on the day of enquiry against the grade, form and quantity.
| Market | Product | Price | Change | % | Note |
|---|---|---|---|---|---|
| Exchange | LME nickel 3MLME, USD/t | 15,220 | -295 | -1.90% | Close of 30 Oct; held at a ten-month low |
| Exchange | SHFE nickelMain contract, CNY/t | 116,830 | -360 | -0.31% | Session low 114,250; turnover 207,641 lots |
| Spot | Refined nickel, Jinchuan electrolyticShanghai, CNY/t | 120,880–121,030 | -1,020 | — | Premium over SHFE 3,700 CNY/t |
| Spot | Refined nickel, RussianShanghai, CNY/t | 117,380 | -870 | — | Premium 200 CNY/t |
| Spot | Nickel briquetteAustralia, Shanghai, CNY/t | 116,980 | -870 | — | Discount 200 CNY/t |
| Intermediate | Mixed hydroxide precipitateChina main port, USD/t | 12,839 | -140 | — | 84.25% discount to LME nickel |
| Intermediate | MatteChina main port, USD/t | 13,944 | -187 | — | 92% discount to LME nickel |
| Intermediate | Nickel pig ironChina, CNY per unit of Ni | 1,010–1,020 | 0 | — | Ex-works, tax inclusive |
| Ore | Laterite, 1.6% NiIndonesia, USD/wmt | 57.44 | -1.68 | — | CIF; fire assay basis Mc 35%, Fe 20% |
| Salt | Nickel sulphate, battery gradeCrystalline, CNY/t | 24,650 | -100 | — | Ni ≥ 22.2%, magnetic impurities ≤ 100 ppb |
| Salt | Nickel chloride, electroplating gradeCrystalline, CNY/t | 38,000 | 0 | — | Co ≤ 0.002% |
| Inventory | LME nickel stocksLME warehouse, t | 278,238 | -552 | — | Down 24 t on the previous day — destocking slowing |
| Inventory | SHFE nickel warrantsSHFE warehouse, t | 88,554 | -110 | — | Eleventh consecutive week of reduction |
Nickel 15,478.67 USD/t · Cobalt 37,194.00 USD/t · Iron 1.31 USD/t · Chromium 6.37 USD/t
-369.00 (-2.33%) vs the second half of October 2026. The HMA is the benchmark Indonesia uses to set royalty and ore-concession calculations. It moves with the market but on a half-monthly cycle, so it lags and smooths the spot price.
Source: Indonesia Ministry of Energy and Mineral Resources (ESDM), reported by Mysteel and SMM
LME nickel closed at 15,220 USD/t on 30 October, the weakest level in over ten months. Here is what the numbers actually say, and what a buyer of forged nickel alloy should do with them.
Every specification we quote against, with the official title, the scope as written, and the grades each one covers.
Grain structure is the whole argument. A forged billet and a cast ingon carry the same chemistry — and behave completely differently under load.
Stock, forging and machining, photographed on our own equipment. No stock photography, no borrowed images.
A certificate is not a quality pass. It is a set of specific measurements against a specific specification. Here is how to check the three things that actually matter.
Sulphuric acid, hydrochloric acid, chlorides and mixed streams each attack a different way. A guide to starting the right way, with the specification behind each choice.
Market data is context, not a quotation. Your price depends on the grade, the form, the dimensions, the condition and the quantity. Send us the specification and we will price it against the day it is quoted.
Request a quote →Our working ASTM library lists every standard we quote against, with the official title, the scope as written, and the grades each one covers.
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