Tax-inclusive invoice rates climb, tightening compliant supply and compressing price spreads between primary and secondary copper. The tightening supply and higher landed costs push prices upward, while market liquidity remains constrained.
London Metal Exchange copper futures increased, reflecting tighter supply or stronger demand. The rise signals upward pressure on copper prices.
| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| Monel | China | FOB | USD 25,908.87/MT | August 2026 |
| Monel | India | CIF | USD 25,999.66/MT | August 2026 |
| Monel | USA | CIF | USD 26,064.49/MT | August 2026 |
| Monel | Germany | CIF | USD 26,022.46/MT | August 2026 |
| Monel | Australia | CIF | USD 26,003.54/MT | August 2026 |
| Monel | China | FOB | USD 25,213.00/MT | July 2026 |
| Monel | India | CIF | USD 25,320.00/MT | July 2026 |
| Monel | USA | CIF | USD 25,400.00/MT | July 2026 |
| Monel | Germany | CIF | USD 25,347.00/MT | July 2026 |
| Monel | Australia | CIF | USD 25,311.00/MT | July 2026 |
Stay updated with the latest Monel prices, historical data, and tailored regional analysis
Asia
In China, the average price of Monel rose from ~USD 25,213.00/MT (FOB) in July to ~USD 25,908.87/MT in August, an increase of ~2.8%, while Indian prices were ~USD 25,320.00/MT (CIF) and ~USD 25,999.66/MT. Overall, the Asian market followed an upward trend, driven mainly by raw material costs. Nickel firmed in July after Indonesia’s Energy Ministry decided not to raise national mining quotas, capping ore output at 250–260 million tonnes against 379 million tonnes in 2025. Nickel then drifted lower in August as exchange stocks stayed high and demand weakened. Copper strengthened sharply, however, as China’s electrolytic copper inventories fell to 88,900 tonnes, well below a year earlier, and scrap supply tightened, offsetting much of the nickel decline.
Europe
In Germany, Monel averaged approximately USD 25,347.00/MT (CIF) in July and rose to about USD 26,022.46/MT in August. Overall, European prices followed a firmer trend, led by copper. Global copper reached record highs in early September as concentrate treatment charges fell deeper into negative territory, signalling tight raw material supply. Nickel weakened in early August on expectations of higher Indonesian supply, and nickel-linked alloy surcharges in Germany stayed broadly flat, limiting the overall increase.
North America
In the USA, the average price of Monel increased from nearly USD 25,400.00/MT (CIF) in July to roughly USD 26,064.49/MT in August, up ~2.6%. Overall, North American prices followed an upward trend into September. Producer surcharges for Monel 400 and K-500 rose for September as both nickel and copper averages increased in July and August. Surcharges then eased for October, as nickel weakened in September while copper held steady.
Analyst Insight
According to Procurement Resource, Monel prices may soften slightly as nickel stays under pressure from high stocks, though firm copper costs and steady industrial demand should limit the decline.
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Asia
In China, Monel averaged 25,977 USD/MT (FOB) in June'26, while the monthly average prices were 26,065 USD/MT (CIF) in the Indian market. Asian Monel markets were supported during Q2 by higher alloy production costs linked to tighter raw material conditions. Nickel supply concerns increased as Indonesia reduced nickel ore availability to around 260-270 million wet tons, creating pressure on smelter operations and raising input costs. Additional pressure came from sulphur-related disruptions affecting some high-pressure acid leach facilities. However, market sentiment moderated later as expectations of higher supply and elevated refined inventories reduced shortage concerns. Stainless steel demand remained cautious, limiting stronger price gains despite cost support.
Europe
In Germany, Monel recorded an average of 26,098 USD/MT (CIF) over June'26. European Monel prices followed global alloy cost movements but faced limited support from downstream industries. Nickel-related cost pressures remained visible during the quarter, while weak stainless steel consumption and subdued manufacturing activity restricted full cost pass-through. European stainless producers received some policy support through a decision allowing an annual tariff-free steel import quota of 18.3 million tons and additional protection on excess imports from July 2026. However, industrial demand recovery remained gradual, keeping buyers cautious.
North America
Across the United States, the average price of Monel stood at 26,132 USD/MT (CIF) in June'26. North American Monel pricing was supported by higher alloy input costs and trade measures protecting domestic steel producers. Nickel market movements provided additional cost support, although stainless steel demand remained soft. Battery-related demand offered limited support as EV adoption remained lower compared with China. Buyers continued managing inventories carefully, balancing higher replacement costs with moderate industrial consumption.
Analyst Insight
According to Procurement Resource, Monel prices are expected to remain supported but range-bound, with raw material costs providing stability while uneven stainless steel and industrial demand limits stronger increases.
A class of nickel-copper alloys called Monel are renowned for their outstanding corrosion resistance and high strength. Monel alloys typically consist of 67–80% nickel and 30–33% copper, with trace amounts of iron, manganese, and other metals. They are perfect for chemical and marine applications since they can withstand a variety of corrosive environments, such as acids, seawater, and alkalis. The strong mechanical qualities of Monel alloys at both low and high temperatures make them adaptable for a variety of applications, including valves, pumps, marine machinery, and aerospace parts.
Cu (70%) + Ni (30%)
Ship building, Chemical processing, Oil and gas industry, Engine parts, Electrical connectors
Arcelor Mittal, Baosteel, JFE Steel Corporation ,Special metals corporation, Mangellan metals, Renine Metalloys, Continental Steel and tube company
CurrencyUS$ (Data can also be provided in local currency)
Supplier Database AvailabilityYes
Customization ScopeThe report can be customized as per the requirements of the customer
Post-Sale Analyst Support360-degree analyst support after report delivery
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The cladding procedure, which is used to permanently superimpose a layer of Monel onto the pipe or tube being processed, is utilized to prepare the alloy. It is accomplished via mechanical or chemical methods that are applied in commercial applications to lessen wear brought on by material corrosion or abrasion. Monel can be clad in a variety of colors, including white, gray, and black.
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