Futures prices of key non-ferrous metals on SHFE weaken on week

Major futures contracts for key non-ferrous metals on the Shanghai Futures Exchange (SHFE) – namely nickel, aluminum, and copper – all posted on-week declines over the June 5-12 period, with nickel leading the losses.

By the end of Friday's daytime trading session, the most-traded July nickel contract had decreased by 2.9% from a week ago to Yuan 134,540/tonne ($19,893.5/t). Meanwhile, the most-traded July aluminum and copper contracts recorded smaller on-week drops of 0.6% and 0.5%, closing at Yuan 24,165/t and Yuan 104,660/t, respectively. The