SHFE aluminum, copper futures retreat, nickel rises on week

Major futures prices for key non-ferrous metals on the Shanghai Futures Exchange (SHFE) – aluminum, copper, and nickel – trended differently during the January 9-16 week, with aluminum and copper futures dropping while nickel prices strengthened.

By the end of the daytime trading session on Friday, the SHFE's most-traded aluminum contract for March 2026 delivery had closed at Yuan 23,925/tonne ($3,433.5/t), down by 1.9% from the closing price recorded a week earlier. Similarly, the most-traded March 2026 copper contrast had declined by 0.8% on week