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Monel Price Trend and Forecast

UNSPC code: 30262100
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âźł Weekly Update
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Historical Data Since 2015
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Forecast for 2026
  • Commodity Pricing

monel Price Trends by Country

cnChina
inIndia
deGermany
usUnited States

Global monel Spot Market Prices, Trend Analysis and Forecast

Price-Watch’s most active coverage of Monel price assessment:

  • Alloy 400 Del Alabama, USA
  • Alloy 400 FD Hamburg, Germany
  • Alloy 400 FOB Shanghai, China
  • Alloy 400 Ex-Mumbai, India

Monel Price Trend Q3 2025

In Q3 2025, Monel prices have been on the rise in the global market, benefiting from strong demand in the marine, aerospace, and chemical industries, a tightening of supply from producers in the U.S. and Europe, and moderate gains in nickel and copper prices. Regional pricing data earlier in the quarter indicated a slight improvement earlier in the quarter however current Monel prices have seen an increase in the U.S., Germany, and Japan.

Although the nickel market remains in oversupply the price appears stable due to supply discipline and potential production cuts in key producing countries. In general, we feel that the outlook is positive, particularly with moderate nickel and copper pricing increases expected for the quarter.

China

Monel Export prices FOB Shanghai, China, Grade- Alloy 400.

According to Price-Watch, the price trend for Monel market in China in Q3 2025 continued to increase by 3.8% in prices compared to Q2 due to tighter nickel feedstock supply, recovering demand from chemical processing and marine sector, and caution in inventory management by producers. The price trend of Monel in China has been on an upward curve as limited new production capacity and rising input costs supported higher price realization.

While downstream demand showed signs of recovering, market sentiment has been cautious due to perceived risks of global nickel pricing fluctuations and weak stainless steel sector performance. Overall, Monel prices in China improved slightly supported by fundamentals and supply discipline.

In September 2025, Monel prices in China increased by 3.24%, reflecting upward pressure from raw material cost inflation from nickel and copper feedstocks and tight supply conditions in the alloy marketplace. At the same time, the incremental recovery in demand in some chemical processing and marine equipment sectors may have allowed producers to pass costs on to buyers.

India

Monel Domestic prices EX-Mumbai, India, Grade- Alloy 400.

According to Price-Watch, in India, Monel price trend experienced a slight 2.27% rise in Q3 2025 compared to Q2, fuelled by consistent demand from primary sectors like marine, chemical, and aerospace, and increased input costs of nickel and copper. Limited domestic capacity and steady industrial activity have further constrained supply, creating an enabling environment for higher prices.

Rising global nickel prices and supply chain constraints have also pressured the price of Monel and helped support a mild bullish sentiment in India’s specialty alloy market in the quarter. Monel prices rose 2.44% in September 2025 due to increasing global demand for corrosion-resistant alloys in marine and aerospace. Chain and increased import costs are creating upward pressure on prices as well.

Germany

Monel Domestic prices FD Hamburg, Germany, Grade- Alloy 400.

In Q3 2025, the price trend of Monel in Germany has increase by approximately 1.8% compared to Q2 2025, reflecting a modest upward momentum driven primarily by rising nickel and copper input costs and steady industrial demand. This slight price uptick has signaled cautious optimism amid ongoing supply constraints and potential restocking activities, while risks such as soft economic growth and competitive alloy alternatives have tempered further increases.

The 1.14% increase in Monel prices in Germany in September 2025 has been attributed to rising demand from the aerospace and marine industries, driven by renewed manufacturing activity. Additionally, global supply constraints and higher nickel costs have contributed to the upward pressure on prices. Overall, the market outlook has suggested a stable but gradually strengthening Monel pricing environment in Germany for Q3 2025.

USA

Monel Domestic prices Del Alabama, USA, Grade- Alloy 400.

According to Price-Watch, in Q3 2025, the price trend for the U.S. Monel market has seen a 2.03% increase compared to Q2, driven by rising costs of key raw materials like nickel and copper, strong demand from aerospace, marine, and chemical processing sectors, and ongoing supply chain constraints including limited melting capacity and trade delays.

This positive price trend has reflected the alloy’s critical role in high-performance applications, with expectations for continued upward pressure amid sustained demand and supply challenges, although potential raw material volatility could impact future pricing.

The 1.45% increase in Monel prices in the USA in September 2025 has likely reflected rising demand in key industries such as aerospace and chemical processing, coupled with supply chain constraints. Additionally, fluctuations in raw material costs and global market dynamics have contributed to the price adjustment.

Monel Price Trend Analysis: Q2 2025

According to the PriceWatch, In Q2 2025, Monel prices in China declined by $21,978 per metric ton, FOB Shanghai marking a 4.52% drop from the previous quarter. This decrease was primarily driven by an oversupply of nickel, a key component in Monel, as global inventories particularly on the LME continued to rise, putting downward pressure on raw material costs.

Demand from end use sectors such as marine engineering and chemical processing also weakened, leading to reduced procurement activity and forcing domestic suppliers to lower their offers to remain competitive.

This decline follows a modest 0.95% price increase in Q1, indicating a shift toward market correction amid slowing industrial momentum and elevated inventories. If supply pressures persist and demand does not recover, Monel prices may face continued softness in the near term. 

According to the PriceWatch, In Q2 2025, Monel India experienced a price decrease of $36,369 per metric ton, Ex Mumbai marking a modest decline of 0.83%. This drop reflects a typical market correction driven by easing global nickel prices Monel’s primary component and subdued demand across industrial sectors like marine engineering and chemical processing.

The decline, while notable, suggests short term supply demand adjustments rather than a significant downturn, and indicates cautious buyer sentiment in response to volatile raw material costs. Despite the price dip, the overall market outlook remains stable unless further declines in nickel prices or prolonged demand weakness emerge. 

Monel, a high-performance alloy primarily composed of nickel and copper, has seen a price increase of $23,018 per metric ton, FOB Shanghai representing a 0.95% rise in Quarter 1 of 2025. This uptick is driven by factors such as the ongoing global supply chain disruptions, rising demand in industries like aerospace, marine engineering, and chemical processing, and the fluctuations in nickel and copper prices.

The price hike reflects the alloy’s value as a critical material in high-stress, high-corrosion environments, which continue to bolster its demand. This increase also suggests that producers are adjusting to higher production costs, potentially influenced by factors such as inflation, labour shortages, and energy price hikes.

For manufacturers and industries reliant on Monel, these price adjustments may lead to higher operational costs, though the demand for its durability and unique properties may continue to support market stability. 

In Q1 2025, Monel alloy prices in India saw a significant increase of $36,643 per metric ton, or 3.59%, Ex-Mumbai driven by the global rise in nickel and copper prices. This surge reflects strong demand in the construction and industrial sectors, especially in non-residential construction and urban redevelopment.

While the Indian market benefited from this upward trend, it also faced challenges like labor shortages and high material costs, which led to project delays and a backlog. Despite these challenges, the outlook remains cautiously optimistic, with stakeholders needing to navigate the complexities of the market to capitalize on growth opportunities. 

Monel Price Trend Analysis: Q4 2024

In Quarter 4 of 2024, Monel, a nickel-copper alloy, is expected to experience a price decrease of $22,801 per metric ton, FOB Shanghai reflecting a decline of approximately 2.53%. This reduction suggests that market conditions may be influenced by factors such as lower demand, oversupply, or changes in raw material prices, particularly nickel and copper, which are key components of Monel.

The decrease in price could indicate an easing of pressure on production costs or a shift in the overall demand-supply dynamics. For industries relying on Monel, this price drop may provide an opportunity for cost savings or a strategic advantage in procurement. However, companies will need to monitor future trends, as market volatility could affect further pricing fluctuations. 

Monel India’s performance for Q4 2024 reflects a notable price increase of $35,373 per metric ton, Ex-Mumbai representing a 0.07% rise. This marginal uptick in pricing indicates a slight yet positive shift in the market, suggesting improved cost management or an upward trend in the demand for Monel’s products. The incremental price adjustment could be a strategic move to offset inflationary pressures or rising raw material costs.

While the percentage change seems minimal, it could still indicate stable growth and resilience in the company’s pricing strategy amidst a fluctuating market environment. Such a price increase, although small, may help in bolstering profit margins, especially if demand remains steady or increases in the coming quarters. 

In Q3 2024, the price of Monel experienced a significant decline, dropping by $23,394 per metric ton, FOB Shanghai reflecting a decrease of 9.54%. This price drop could be attributed to several factors, including shifts in demand, market conditions, or changes in raw material costs. The decrease may signal a cooling in the demand for Monel or an oversupply situation, affecting its market value.

Industry-specific events, like advancements in production technologies or changes in key industries that use Monel, could have also played a role. For businesses and investors involved in the Monel market, this decline presents both challenges and opportunities, with potential impacts on profitability and supply chain decisions in the coming months. 

In Q3 2024, Monel alloy prices in India experienced a significant decline, dropping by $35,347 per metric ton, Ex-Mumbai which represents a 6.07% decrease. This downturn was primarily driven by a global oversupply of nickel, a key component in Monel alloys, exacerbated by increased production from countries like Indonesia and China.

The surplus in nickel supply led to lower raw material costs, which, while beneficial for producers, also contributed to reduced Monel prices as manufacturers adjusted to the changing market dynamics.

Additionally, weak demand from key industrial sectors, including marine, chemical processing, and aerospace, further pressured prices downward. These factors collectively resulted in a challenging pricing environment for Monel alloys in India during the third quarter of 2024. 

In the second quarter of 2024, Monel, a high-performance alloy, experienced a notable price increase of $25,862 per metric ton, FOB Shanghai reflecting a 9.37% rise compared to the previous quarter. This price hike can be attributed to several factors, including increased demand in industries like aerospace, chemical processing, and electronics, which rely on Monel’s corrosion-resistant properties.

Additionally, rising raw material costs, supply chain disruptions, and inflationary pressures likely played a role in driving the price increase. As a result, consumers may face higher production costs, while suppliers could benefit from improved margins. This trend also suggests continued market volatility, requiring businesses to stay agile and adapt to fluctuating raw material prices in the coming months. 

Monel India’s performance in Q2 2024 reflects a significant increase in pricing, with the cost per metric ton rising by $37,632, Ex-Mumbai or a 6.57% hike. This price adjustment is likely driven by factors such as inflationary pressures, rising raw material costs, and potential shifts in supply chain dynamics. The increase could bolster Monel India’s revenue, although it might also affect demand in price-sensitive markets.

For investors and stakeholders, this price rise signals a potential for stronger financial outcomes, but they will need to monitor how the market reacts to these adjustments and whether the increased pricing impacts the company’s competitive position. Overall, the 6.57% price hike positions Monel India to capitalize on higher margins, provided the market conditions remain favourable. 

In the first quarter of 2024, the price of Monel, an alloy primarily made of nickel and copper, experienced a notable decrease of $23,647 per metric ton, FOB Shanghai which corresponds to a 1.32% decline. This price drop reflects a shift in market dynamics, potentially influenced by various factors such as fluctuations in raw material costs, changes in demand, or broader economic trends.

The reduction in price could suggest softer demand in sectors that use Monel, such as aerospace, marine, and chemical industries, or it might indicate a correction after previous price increases.

Buyers and manufacturers in these industries may have adjusted their expectations based on the lower cost, which could help reduce production costs or shift purchasing strategies for the upcoming quarters. However, this decrease also signals potential volatility in the market, which stakeholders will need to monitor closely. 

Monel India experienced a notable decrease in its pricing during the first quarter of 2024, with the price per metric ton dropping by $35,312, Ex-Mumbai marking a decline of 1.33%. This reduction reflects potential challenges within the market, such as fluctuations in raw material costs, shifting demand, or increased competition.

The price decrease may also indicate strategic adjustments to remain competitive or adapt to changing market conditions. For stakeholders, this price change could impact profit margins, particularly if the cost structure remains unchanged. Investors and analysts will likely focus on how Monel India adapts its strategies to mitigate such impacts while maintaining operational efficiency. 

Technical Specifications of Monel Price Trends

Product Description

Monel is a high performance, corrosion resistant alloy primarily composed of nickel and copper, with small amounts of other elements such as iron and manganese. Known for its exceptional resistance to corrosion, especially in seawater and harsh chemical environments, Monel is widely used in industries such as marine engineering, chemical processing, and aerospace. Its ability to withstand extreme temperatures and aggressive environments makes it ideal for applications like pumps, valves, marine propulsion systems, and heat exchangers.

Monel alloys exhibit excellent strength, toughness, and weldability, ensuring long term performance and reliability. Available in various grades, Monel is designed to offer outstanding durability in corrosive and high stress environments, making it an essential material in the production of high performance, resilient components for critical industrial applications.

Identifiers and Classification:

HS Code – 750620

Monel Synonyms:

  • Monel metal
  • Nickel-copper alloy
  • Cupronickel
  • Monel 400


Monel Grades Specific Price Assessment:

  • Alloy 400


Monel Global Trade and Shipment Terms

  • Quotation Terms (Product & Country Specific): 10-15 MT, 28-30 MT and 15-20 MT
  • Packaging Type (Product & Country Specific): Container


Incoterms Referenced in Monel Price Reporting

Shipping Term  Location  Definition 
FOB Shanghai  China  Monel Export price from China 
Del Alabama  USA  Domestically Traded Monel price in USA 
FD Hamburg  Germany  Domestically Traded Monel price in Germany 
EX-Mumbai  India  Domestically Traded Monel price in India 

*Quotation Terms refers to the quantity range specified for the Monel being quoted or offered in a commercial transaction.

**Packaging Type refers to standard packaging size commonly used for Monel packing, ease of handling, transportation, and storage in industrial and commercial applications.

Key Monel Manufacturers

Manufacturer 
Special Metals Corporation 
Allegheny Technologies Inc. (ATI) 
Kobe Steel, Ltd. 
Precision Castparts Corp. 

Monel Industrial Applications

Monel Market Share End Use

Historically, several events have caused significant fluctuations in Monel prices

• Nickel Price Increases & Supply Chain Issues (2022–2023): Rising global nickel prices and continued supply chain disruptions in key mining regions further pushed up production costs for Monel alloys. These factors contributed to sustained high prices, particularly as demand for Monel remained strong in industries like chemical processing and marine engineering. 

• Renewable Energy & Marine Industry Demand (2021–2022):

Why PriceWatch?

PriceWatch is your trusted resource for tracking global monel price trends. Our platform delivers real-time data and expert analysis, offering deep insights into the key factors driving price fluctuations in the monel market. By monitoring critical events such as geopolitical tensions, supply chain disruptions, and economic shifts, PriceWatch keeps you fully informed of market dynamics.

In addition, PriceWatch provides detailed forecasts and updates on production capacities, enabling you to anticipate market changes and make well-informed decisions. With PriceWatch, you gain a competitive edge in understanding all the elements that influence monel prices worldwide. Stay ahead of the curve with PriceWatch’s reliable, accurate, and timely monel market data.

Track PriceWatch's monel price assessment on a weekly basis since 2015 onwards, along with short-term forecasts, and get access to the detailed report in a downloadable format.

Data Collection and Sources​

  • Real-Time Market Data: We aggregate data from global exchanges, industry reports, and proprietary databases to provide accurate and timely assessments.
  • On-the-Ground Intelligence: Insights from producers, suppliers, and end-users in key production hubs are integrated to understand market dynamics.
  • Supply Chain Monitoring: Comprehensive tracking of raw materials and production channels to assess supply conditions.

Event Tracking and Impact Analysis​

  • Geopolitical Tensions: Continuous monitoring of geopolitical events affecting supply chains and pricing.
  • Economic Shifts: Analysis of macroeconomic factors and sector-specific demand to predict market movements.

Production Capacity and Supply Analysis

  • Current Production Monitoring: Detailed tracking of operational Monel production facilities and their outputs.
  • Future Capacity Projections: Forecasting new capacity additions and technological innovations in Monel production.

Demand Forecasting

  • Sectoral Demand Analysis: Evaluating Monel demand in semiconductors, photovoltaics, and other applications.
  • Global Demand Dynamics: Regional demand variations and their impact on global pricing.

Pricing Model Development

  • Dynamic Pricing Models: Advanced models incorporating real-time data, historical trends, and market projections.
  • Scenario Analysis: Assessing potential market conditions under various scenarios.

Reporting and Client Support

  • Comprehensive Reports: Detailed analyses of current and future price trends, with actionable insights.
  • Ongoing Support: Continuous updates and expert advice tailored to client needs.

This research methodology ensures that PriceWatch delivers the most accurate, timely, and actionable Monel pricing assessments, helping our clients stay ahead of market trends and make informed business decisions. 
 

Monel Market Price Trend provided by PriceWatch is a base price and excludes VAT/Taxes, discounts, or offers. The information herein is accurate to the best of our knowledge as of the date indicated and is provided solely for the convenience of our customers as a reference for monel. PriceWatch disclaims any warranties or representations regarding the accuracy of results derived from this information. It is the sole responsibility of the user to assess the suitability of the product for their specific application. This document does not constitute an endorsement to use the product in violation of any applicable patent rights.

The pricing of Monel is influenced by several factors, including:

i. Supply & Availability

• Primary Production: Monel is primarily produced by specialty alloy manufacturers through melting and rolling processes. Production depends heavily on the availability of high-grade nickel and copper, as well as metallurgical expertise.

• Raw Material Availability: Nickel (up to 65%) and copper (20–30%) are the principal components. Disruptions in the supply chains of either metal due to strikes, geopolitical issues, or regulatory limits can reduce availability and increase costs. Major producing countries include Indonesia, Russia, Canada (for nickel), and Chile, Peru (for copper).

ii. Demand from Key Industries

• Marine & Shipbuilding: Monel’s superior resistance to seawater corrosion makes it ideal for ship components, pump shafts, seawater valves, and heat exchangers. Demand from the naval and commercial marine industries strongly influences pricing.

• Chemical & Hydrocarbon Processing: Used in chemical plants, Monel is preferred for handling hydrofluoric acid, alkalis, and corrosive media. Demand aligns with the expansion or modernization of chemical and refinery infrastructure.

• Oil & Gas Sector: Monel is used in offshore drilling rigs, pipelines, and valves, particularly in sour gas environments. Oil & gas investment cycles and exploration activity affect alloy demand and pricing.

iii. Grade & Alloy Composition

• Monel Variants: Common grades include Monel 400 (most widely used), Monel K-500 (precipitation-hardenable, higher strength), and Monel R-405 (free-machining version of 400). K-500 commands a premium due to its enhanced mechanical properties and complex processing.

• Composition Sensitivity: Small fluctuations in nickel or copper content, or the addition of trace elements like iron or manganese, can impact both cost and performance characteristics, influencing price accordingly.

iv. Geopolitical Factors

• Resource Nationalism & Trade Controls: Countries rich in nickel or copper (e.g., Indonesia for nickel, Chile for copper) may impose export restrictions or taxes, directly affecting global Monel pricing by reducing raw material flow.

• Trade Agreements & Tariffs: Tariffs on alloy products or on key inputs can raise production costs. U.S. tariffs on specialty metals or retaliatory duties in EU or Asia can shift pricing dynamics, especially for export-focused producers.

v. Market Speculation & Investment Trends

• Nickel & Copper Commodity Markets: Both nickel and copper are traded on global commodities exchanges (LME, COMEX). Price speculation, driven by anticipated shortages, EV demand (for nickel), or infrastructure spending (for copper), can lead to spikes in Monel input costs.

• Strategic Stockpiling: Defence or marine agencies may stockpile Monel-based components, especially during geopolitical uncertainty, temporarily tightening supply and increasing market prices.

vi. Alternative Materials & Substitutes

• Competing Alloys: In some applications, stainless steels (e.g., 316L), brass/bronze, or other nickel alloys (e.g., Inconel, Hastelloy) may substitute Monel. However, such substitution is limited where seawater or chemical resistance is paramount.

• Design Efficiency & Innovation: Engineering improvements can reduce the volume of Monel required per application, though such gains are typically gradual and do not offset short-term price fluctuations.

vii. Processing & Refinement Costs

• Energy-Intensive Production: Melting and alloying Monel require controlled, high-temperature environments, especially for K-500 which also undergoes aging heat treatment. Energy costs (electricity and gas) play a significant role in overall pricing.

• Machining & Fabrication Challenges: Monel is known for being difficult to machine due to its work-hardening nature. This leads to higher tool wear, slower machining speeds, and increased labour and tooling costs, particularly in precision components.

viii. Currency Exchange Rates

• Global Trade Impact: Monel, like most specialty alloys, is priced in U.S. dollars internationally. Fluctuations in exchange rates (e.g., between the dollar and the Canadian dollar, euro, or Chinese yuan) affect both production costs and international buying power.

• Impact on Global Supply Chains: Currency volatility may lead buyers to shift sourcing to more favourable regions or delay procurement, causing price volatility on spot markets and adjusting global demand flows.

Rising feedstock prices increase the cost of producing Monel, leading to higher market prices and potential supply constraints.

Inflation can raise Monel prices by increasing the cost of essential raw materials like nickel and copper, as well as production, labor, and transportation expenses. Simultaneously, inflation driven investment in marine, oil and gas, and chemical industries where Monel is valued for its corrosion resistance and strength can boost demand, contributing to higher prices.

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