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Question

What is the best month for Nickel?

Short answer

Since 1993, January has been the strongest month for Nickel, averaging +4.76% and rising in 71% of 34 years. June has been the weakest, at -2.44%.

We rate the January pattern as strong and the June pattern as strong. February comes second at +2.29%. A strong month is when prices have tended to rise, not a promise that they will.

Every month, ranked

Nickel, 1992 to 2026

+4.8%+2.4%-2.4%-4.8%Jan: average +4.76%, up in 71% of 34 yearsJanFeb: average +2.29%, up in 69% of 35 yearsFebMar: average +0.90%, up in 43% of 35 yearsMarApr: average +0.79%, up in 46% of 35 yearsAprMay: average +0.51%, up in 51% of 35 yearsMayJun: average -2.44%, up in 29% of 35 yearsJunJul: average -0.26%, up in 43% of 35 yearsJulAug: average +0.63%, up in 41% of 34 yearsAugSep: average -0.20%, up in 44% of 34 yearsSepOct: average -1.38%, up in 47% of 34 yearsOctNov: average -0.50%, up in 38% of 34 yearsNovDec: average +0.96%, up in 53% of 34 yearsDec
Nickel: average move by month. Solid bars held the same direction in both halves of the sample; faded bars did not.
RankMonthAverageMedianUp yearsPattern
1January+4.76%+6.33%71%strong
2February+2.29%+2.14%69%strong
3December+0.96%+0.70%53%no clear pattern
4March+0.90%-1.25%43%no clear pattern
5April+0.79%-0.17%46%no clear pattern
6August+0.63%-1.33%41%no clear pattern
7May+0.51%+1.35%51%no clear pattern
8September-0.20%-1.23%44%no clear pattern
9July-0.26%-0.67%43%no clear pattern
10November-0.50%-2.02%38%no clear pattern
11October-1.38%-0.07%47%no clear pattern
12June-2.44%-3.98%29%strong

Why it might happen

  • Stainless steel and EV batteries; Indonesian supply growth has dominated the market.

Full statistics, technicals and event reactions: Nickel. How to read these numbers: guide.

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Not investment advice. Market Seasonality publishes historical statistics, news summaries and scenario analysis for information and education. Past patterns do not guarantee future results. Nothing here is a recommendation to buy, sell or hold any asset, and scenarios describe possible paths without predicting them. See the disclaimer and methodology.