Key SHFE non-ferrous metals futures decline on week

Prices of major futures contracts for key non-ferrous metals on the Shanghai Futures Exchange (SHFE) - namely copper, aluminum, and nickel all recorded on-week declines during the March 13-20 week, largely weighed down by a weaker macroeconomic outlook.

By the close of Friday's daytime trading session, the most-traded copper and aluminum contracts for May delivery had fallen by 5.6% and 4.2% on week, ending at Yuan 94,740/tonne ($13,766/t) and Yuan 24,020/t, respectively. Meanwhile, the most-traded May nickel contract posted a smaller loss, closing the daytime session at Yuan 133,160/t, down 2.8%