印尼镍价指数向好！镍生铁、高冰镍及氢氧化镍钴价格上涨，镍矿价格持稳

Core Insights - The Indonesian Nickel Price Index (INPI) released by the Indonesian Nickel Miners Association (APNI) indicates an upward trend in the prices of nickel downstream products, while nickel ore prices remain stable compared to previous releases [3][6]. Nickel Ore Prices - Nickel ore with a grade of 1.2% (CIF) is priced at $22.5 per metric ton, unchanged from the previous index [4]. - Nickel ore with a grade of 1.6% (CIF) has a price range of $50.8 to $52.8 per metric ton, with an average price of $51.8 per metric ton, down by $0.1 from the previous average of $51.9 per metric ton [5]. Downstream Product Prices - Nickel pig iron (FOB) price has increased to $110.47 per metric ton, up by $0.15 from the previous price of $110.32 per metric ton [5]. - High-grade nickel matte (FOB) price has risen significantly to $13,017 per metric ton, an increase of $48 from the previous price of $12,969 per metric ton [6]. - MHP (FOB) price has also increased to $12,736 per metric ton, up by $42 from the previous price of $12,694 per metric ton [6]. Market Analysis - The price increases in nickel pig iron, high-grade nickel matte, and MHP reflect strong demand in the nickel downstream supply chain, primarily driven by the electric vehicle battery and stainless steel industries [6]. - The stability in nickel ore prices suggests that the domestic supply of nickel ore in Indonesia remains sufficient [6]. - The changes in the Indonesian Nickel Price Index serve as an important reference for industry stakeholders, including mining companies, smelters, and investors, in formulating production and sales strategies for the end of 2025 [6].