SHFE nonferrous metals futures prices rise

Major Chinese nonferrous metals futures contracts on the Shanghai Futures Exchange (SHFE) for the three key metals - copper, nickel, and aluminum - posted gains during the trading week of June 23-27.

By the close of the daytime trading session on Friday, the price of the SHFE's most-traded August copper contract had risen by 2.7% from a week earlier, settling at Yuan 79,920/tonne ($11,148/t). In parallel, the most-traded nickel and aluminum contracts, also for August delivery, edged up by 1.7% and