SHFE copper, nickel prices drop, aluminum rises

Futures contracts for the three key non-ferrous metals on China's Shanghai Futures Exchange (SHFE) – copper, aluminum, and nickel – displayed mixed performances during the trading week of July 4-11, with the copper and nickel contracts slipping, while aluminum futures rose slightly.

When the daytime trading session ended on Friday, the SHFE's most-traded copper contract for August delivery closed at Yuan 78,430/tonne ($10,940/t), marking a 1.6% decline from the previous week. Similarly, the most-traded August nickel contract had fallen by 0.7% on week to Yuan 121,390/t as of 3:00 p.m. on