On January 14, 2026, Jinchuan Group raised the ex-factory price of electrolytic nickel (large plate) to 150,300 yuan per ton, an increase of 1,700 yuan per ton compared to the previous trading day. PriceSeek analysis of nickel, long-short rating: 1. Jinchuan Group’s increase of the ex-factory price of electrolytic nickel by 1,700 yuan per ton to 150,300 yuan per ton indicates tight supply or increased demand in the spot market, which is favorable for spot nickel prices. This move reflects strong price support from the production side and may boost market buying sentiment, driving short-term prices higher. However, caution is needed regarding downstream acceptance and the impact of macroeconomic factors, with the overall degree of positive impact being moderate.