SHFE nickel prices rise further; copper, aluminum rebound

By December 2, the most-traded contracts of copper and aluminum on the Shanghai Futures Exchange (SHFE) had both recovered on week and closed higher by the time the daytime trading sessions ended, while the nickel contract's upward momentum continued, the exchange's data showed.

As of Friday, the SHFE's most-traded January aluminum contract had gained Yuan 350/tonne ($49.7/t) from November 25's settlement price to close at Yuan 19,245/t at the end of daytime trading session. Meanwhile, the January copper contract jumped Yuan 1,220/t during the same period to close at Yuan 66,240/t, and the January nickel contract also surged by Yuan 5,400/t to Yuan