On January 13, 2026, Jinchuan Group quoted the ex-factory price of electrolytic nickel (large plate) at 148,600 yuan/ton, a decrease of 2,000 yuan/ton compared to the previous trading day. PriceSeek analysis of nickel, long-short score: -1.5. Jinchuan Group's ex-factory price for electrolytic nickel was reported at 148,600 yuan/ton, down 2,000 yuan/ton from the previous trading day (a decline of approximately 1.35%). This decline indicates market oversupply or weak demand, and the price reduction by major producers may intensify bearish sentiment in the spot market, putting short-term spot prices under pressure. The score of -1.5 reflects a moderate to strong bearish impact, as the decline is significant but not extreme.