Jinchuan Group raised the ex-factory price of electrolytic nickel (large plate) to 145,500 yuan/ton on February 4, 2026, an increase of 2,100 yuan/ton compared to the previous trading day. PriceSeek's analysis of nickel shows a long-short score of 1.5. Jinchuan Group's increase in the ex-factory price of electrolytic nickel by 2,100 yuan/ton indicates tight supply or stronger demand in the spot market, which is bullish for spot prices. This change directly reflects the production side's bullish expectations for the market and may further drive spot prices upward.