SMM: Indonesia's domestic mineral HPM is expected to slightly decline in the first half of April 2026.

SMM expects that in the first half of April 2026, Indonesia’s domestic HPM ore will slightly decline, with a predicted month-on-month decrease of 1.37%. In the first half of April, HMA is expected to be $17,093 per dry ton, a decrease of $236.56 per dry ton. SMM anticipates that the benchmark price for Indonesia’s HPM domestic ore (MC35%) in the first half of April will be: For Ni1.2% grade nickel ore, the HPM price will be $17.33 per wet ton, down $0.24 per wet ton compared to the second half of March HPM; For Ni1.6% grade nickel ore, the HPM price will be $30.22 per wet ton, down $0.42 per wet ton compared to the second half of March HPM; For Ni1.7% grade nickel ore, the HPM price will be $34.00 per wet ton, down $0.47 per wet ton compared to the second half of March HPM; For Ni1.8% grade nickel ore, the HPM price will be $38.00 per wet ton, down $0.53 per wet ton compared to the second half of March HPM; For Ni2.0% grade nickel ore, the HPM price will be $46.66 per wet ton, down $0.65 per wet ton compared to the second half of March HPM. (SMM)