| Product | Region | Incoterm Basis | Price | Last Updated Month |
|---|---|---|---|---|
| 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 |
| Monel | China | FOB | USD 25,976.63/MT | June 2026 |
| Monel | India | CIF | USD 26,064.63/MT | June 2026 |
| Monel | USA | CIF | USD 26,131.63/MT | June 2026 |
| Monel | Germany | CIF | USD 26,097.63/MT | June 2026 |
| Monel | Australia | CIF | USD 26,042.63/MT | June 2026 |
Stay updated with the latest Monel prices, historical data, and tailored regional analysis
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.
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Asia
During Q1’26, Monel prices in Asia reflected mixed feedstock sentiment and cautious industrial demand. In China, nickel prices declined by around 3.6% during the quarter due to weaker stainless-steel demand and high inventories, while copper prices remained relatively stable with a marginal increase of about 0.6%, supported by limited concentrate availability and steady new-energy demand. The alloy market remained supported by procurement from marine engineering, desalination equipment, offshore oil infrastructure, chemical-processing systems, and heat-exchanger manufacturing sectors. In India, softer industrial procurement and balanced inventories limited stronger market gains, although infrastructure and energy-sector activity continued supporting demand for corrosion-resistant alloys.
Europe
During Q1’26, Monel prices in Europe remained stable to slightly soft due to cautious industrial activity and weaker alloy procurement trends. Nickel prices in Europe declined by approximately 3.6% during the quarter as downstream stainless-steel and battery demand remained subdued, while copper markets stayed relatively balanced because of continued renewable-energy and grid-investment demand. Demand from aerospace components, marine hardware, chemical-processing equipment, pumps, valves, and industrial fasteners remained moderate. Elevated energy and manufacturing costs also kept procurement cautious across regional alloy markets.
North America
During Q1’26, Monel prices in North America remained balanced as stable industrial demand offset softer feedstock sentiment. Nickel market weakness limited stronger alloy gains, while copper remained supported by grid modernization, electrification projects, and data-center-related infrastructure demand. Consumption from offshore energy projects, aerospace manufacturing, marine systems, and power-generation equipment remained steady throughout the quarter, although buyers continued maintaining cautious inventory strategies due to uncertain industrial conditions.
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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