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Inconel Prices, Demand and Supply Overview

Inconel is the Special Metals trademark for nickel chromium superalloys, mainly grades 625 and 718, used in jet engines and gas turbines. Acerinox completed its purchase of Haynes International in November 2024, and Haynes and VDM Metals now form its High Performance Alloys Division.

Nickel, the main input, averaged USD 17,904 per tonne in January 2026, USD 16,136 in February, USD 17,076 in March, USD 17,865 in April, USD 18,793 in May, USD 17,588 in June, USD 16,632 in July and about USD 16,300 in September. Indian dealer listings for Inconel range from USD 12,457 per tonne for 718 bar to USD 28,808 for round bar.

Inconel Prices in October 2026

Nickel fell to USD 15,545 per tonne in October 2026, 13 percent below January and 17 percent below the May high, while Inconel prices remain supported by aerospace demand. Prices are expected to stay firm. The price outlook is shaped by four key drivers.

  • Nickel quota: Indonesia cut its 2026 ore quota to 250 to 260 million tonnes, nearly 34 percent below 2025, lifting nickel 21 percent in a month in January 2026, and Weda Bay stopped output in May after using its quota.
  • Alloying metals: European stainless surcharges rose 3.6 to 5.4 percent in April 2026 on ferrochrome costs and carbon border charges, and molybdenum oxide traded at USD 74,700 to 75,000 per tonne of contained metal in September 2026 with import arbitrage closed.
  • Aerospace demand: ATI reported a 10 percent rise in commercial jet engine sales in its high performance segment in the second quarter of 2026 on stronger demand and pricing, and nickel based alloys reached 51 percent of its sales.
  • US metals tariffs: US Section 232 metals measures changed in April and June 2026, with rates of 50 percent on steel, aluminum and copper products and 25 percent on derivatives through December 2027, adding cost uncertainty for imported alloy products.

Supplier news: ATI raised its 2026 adjusted EBITDA guidance to USD 1,135 to 1,185 million in August 2026 after second quarter sales of USD 1.26 billion, up 11 percent. Acerinox reported second quarter EBITDA up 85 percent in July 2026, with Haynes synergies of USD 16 million. Carpenter's specialty alloys margin reached 37.8 percent in its quarter to June 2026 on higher realised pricing. Short term, lower nickel offsets firm aerospace pricing. Long term, engine build rates support demand.

Inconel Price Forecast for 2026

Firming nickel costs should keep pushing Inconel prices higher across all four markets through H2 2026.

Aerospace demand remains the dominant driver, with engine manufacturers' production schedules setting the pace for premium-grade Inconel 718 specifically.

Germany's premium looks set to persist given its concentrated aerospace and industrial gas turbine manufacturing base.

H1 2026 closed with the 4 tracked markets averaging a 3.5% increase move quarter on quarter. That trajectory should hold into H2 unless one of the cost or demand drivers above shifts materially.

Region 2026 Price Range (USD/KG) Outlook
Global Average 38.23 - 42.17 Balance of regional supply and demand conditions
United States 39.14 - 43.17 Nickel costs firmed again this quarter
Germany 40.64 - 44.83 The established aerospace and industrial gas turbine manufacturing base kept Germany at the top of this group
Japan 37.44 - 41.30 Aerospace and industrial gas turbine demand held firm
India 35.70 - 39.38 Growing domestic aerospace and energy sector demand added incremental support on top of the broader nickel cost increase

For the Quarter Ending June 2026

Inconel Prices Q2 2026:

  • United States: USD 40.35/KG
  • Germany: USD 41.90/KG
  • Japan: USD 38.60/KG
  • India: USD 36.80/KG

Inconel Prices in United States

United States's price gained 3.2% to USD 40.35/KG, nickel costs firmed again this quarter and steady aerospace, placing it the 2nd most expensive across the 4 regions covered in this report.

Why did the price of Inconel change in Q2 2026 in United States?

Nickel costs firmed again this quarter, and steady aerospace engine build rates kept demand well supported, leaving United States running roughly 2.4% above the 4-region average for the quarter.

Inconel Prices in Germany

In Q2 2026, Germany priced at USD 41.90/KG, up 3.2% from USD 40.60/KG the previous quarter, putting it the priciest of the 4 markets tracked this quarter.

Why did the price of Inconel change in Q2 2026 in Germany?

The established aerospace and industrial gas turbine manufacturing base kept Germany at the top of this group, tracking the same firming nickel input costs as everywhere else, with Germany now sitting about 6.3% above the 4-region average this quarter.

Inconel Prices in Japan

Japan reached USD 38.60/KG in Q2 2026, aerospace and industrial gas turbine demand held firm tracking, making it the 3rd most expensive of the 4 markets tracked here this quarter.

Why did the price of Inconel change in Q2 2026 in Japan?

Aerospace and industrial gas turbine demand held firm, tracking the regional nickel cost trend closely, which puts Japan roughly 2.1% below the average across the 4 regions this report tracks.

Inconel Prices in India

India rose 4.5% to USD 36.80/KG in Q2 2026, growing domestic aerospace and energy sector demand added incremental, ranking it the most affordable among the 4 markets this report follows.

Why did the price of Inconel change in Q2 2026 in India?

Growing domestic aerospace and energy sector demand added incremental support on top of the broader nickel cost increase, working out to India trading about 6.6% below this quarter's 4-region average.

For the Quarter Ending March 2026

Inconel Prices Q1 2026:

  • United States: USD 39.10/KG
  • Germany: USD 40.60/KG
  • Japan: USD 37.40/KG
  • India: USD 35.20/KG

Inconel Prices in United States

United States's price gained 1.5% to USD 39.10/KG, nickel prices firmed steadily as the year opened and, placing it the 2nd most expensive across the 4 regions covered in this report.

Why did the price of Inconel change in Q1 2026 in United States?

Nickel prices firmed steadily as the year opened, and Inconel followed closely, leaving United States running roughly 2.7% above the 4-region average for the quarter.

Inconel Prices in Germany

In Q1 2026, Germany priced at USD 40.60/KG, up 1.5% from USD 39.99/KG the previous quarter, putting it the priciest of the 4 markets tracked this quarter.

Why did the price of Inconel change in Q1 2026 in Germany?

The quarter opened with firm demand from the aerospace sector, keeping Germany's premium intact, with Germany now sitting about 6.6% above the 4-region average this quarter.

Inconel Prices in Japan

Japan reached USD 37.40/KG in Q1 2026, steady industrial and aerospace demand supported a modest early-year, making it the 3rd most expensive of the 4 markets tracked here this quarter.

Why did the price of Inconel change in Q1 2026 in Japan?

Steady industrial and aerospace demand supported a modest early-year increase, which puts Japan roughly 1.8% below the average across the 4 regions this report tracks.

Inconel Prices in India

India rose 1.5% to USD 35.20/KG in Q1 2026, rising domestic demand added to the broader nickel-driven increase, ranking it the most affordable among the 4 markets this report follows.

Why did the price of Inconel change in Q1 2026 in India?

Rising domestic demand added to the broader nickel-driven increase seen across the group, working out to India trading about 7.6% below this quarter's 4-region average.

Quarterly Inconel Price Trends

The global average climbed steadily across the window, from USD 35.90/KG in Q1 2025 to USD 39.41 by Q2 2026, a gain of 9.8% over six quarters.

Quarter Price (USD/KG) QoQ Change Direction
Q2 2026 39.41 +3.5% ↑ Rising
Q1 2026 38.08 +1.5% ↑ Rising
Q4 2025 37.52 +1.5% ↑ Rising
Q3 2025 36.97 +1.5% ↑ Rising
Q2 2025 36.43 +1.5% ↑ Rising
Q1 2025 35.90 - - Stable
Q3 2026 In Progress - - In Progress

What was Inconel Price in 2025?

2025 was a steadily firming year for inconel. Starting near USD 35.90/KG in Q1, the global average finished the year at USD 37.52, a 4.5% increase across the four quarters.

Inconel Prices in United States in 2025

United States prices moved from about USD 36.80/KG in Q1 2025 to USD 38.51 by Q4, up roughly 4.7%, leaving United States in 2 place among the 4 tracked markets heading into the new year.

Inconel Prices in Germany in 2025

Germany prices moved from about USD 38.20/KG in Q1 2025 to USD 39.99 by Q4, up roughly 4.7%. That left Germany ranked 1 of 4 tracked markets heading into 2026.

Inconel Prices in Japan in 2025

Japan prices moved from about USD 35.50/KG in Q1 2025 to USD 36.92 by Q4, up roughly 4.0%, placing Japan 3 of 4 tracked markets as 2025 closed out.

Inconel Prices in India in 2025

India prices moved from about USD 33.10/KG in Q1 2025 to USD 34.66 by Q4, up roughly 4.7%. India closed the year ranked 4 of the 4 markets this report tracks.

How We Can Help

Expert Market Research: Your Source for Real-Time Inconel Price Intelligence

Rather than reporting a single number in isolation, we follow inconel pricing back to its roots: nickel, chromium, and iron costs, regional supply and demand balance, and the policy shifts that move both. That research gets updated on an ongoing basis across every region we cover.

Forecasts draw on production capacity data, feedstock cost trends, and demand signals from the regions we track, giving procurement and sourcing teams a grounded basis for budgeting and supplier negotiations rather than a single static number.

For a deeper regional cut, historical data beyond the six quarters covered here, or a sourcing analysis tailored to your own procurement footprint, get in touch with our analyst team directly.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Frequently Asked Questions About This Report

Aerospace engine components, gas turbine hot sections, and oil and gas downhole equipment account for the bulk of demand, which makes Inconel pricing sensitive to aircraft build rates and energy sector capital spending.

In Q2 2026, it averaged USD 40.35/KG in United States, USD 41.90/KG in Germany, USD 38.60/KG in Japan, USD 36.80/KG in India, with Germany the priciest of the 4 markets tracked in this report.

The global average moved from USD 37.52/KG in Q4 2025 to USD 38.08 in Q1 2026, then to USD 39.41 by Q2, a 5.0% increase across the two quarters.

Nickel costs firmed again this quarter and steady aerospace engine build rates kept demand well supported, with similar dynamics playing out across the other regions this report tracks, each shaped by its own local mix of supply and demand.

Firming nickel costs should keep pushing Inconel prices higher across all four markets through H2 2026.

Germany commands the highest price of the 4 markets in this report, while India runs the most affordable. Local production economics, import exposure, and demand strength drive most of that gap, and the ranking is not fixed from quarter to quarter.

Nickel metal costs, the single largest input and the most volatile; Aerospace engine production rates, which drive demand for premium Inconel 718; Oil and gas capital spending on downhole and processing equipment, along with broader macroeconomic conditions across the 4 regions this report tracks.

Inconel is a family of nickel-chromium superalloys prized for holding their strength at extreme temperatures and resisting corrosion in the harshest chemical environments. Inconel 625, 718, and 600 are the most widely traded grades, each tuned for a slightly different balance of strength, weldability, and heat resistance.

Inconel 718 requires more complex heat treatment and tighter compositional control to achieve its aerospace-grade mechanical properties, and it is the grade most tied to jet engine production. That combination of processing cost and premium end-use demand usually puts it at the top of the Inconel price range.

Monthly, though our analysts flag any material shift in feedstock costs or regional demand as soon as it emerges.

This is a collaborative report by Piyush Gautam, Rakesh Nandi and Vishal Ranjan reflecting perspectives and research-driven insights from Expert Market Research.

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