SHFE nickel, aluminum prices rise, copper dips

The performance of the futures contracts for the three key nonferrous metals on China's Shanghai Futures Exchange (SHFE) was mixed during the June 27 to July 4 week, with nickel and aluminum recording gains, while copper derivatives dipped slightly.

As of 3:00 p.m. on Friday, the exchange's most-traded August contracts for nickel and aluminum had edged up by 1.5% and 0.3% on week, closing at Yuan 122,270/tonne ($17,066/t) and Yuan 20,635/t, respectively. In contrast, the most-traded August copper contract slid by 0.2% from the previous week to close the