SHFE copper, nickel prices fall, aluminum firms

China's derivatives markets for major nonferrous metals exhibited mixed trends over the December 30-January 3 week, with the most-traded futures contracts for copper and nickelon the Shanghai Futures Exchange (SHFE) both dipping on week, while the aluminum contract stayed largely flat.

The SHFE was closed on January 1 for China's New Year's Day holiday, Mysteel Global notes. As of Friday, the SHFE's most-traded copper and nickel contracts – both for February delivery – had dropped by 1.58% and 1.73% on week to close the daytime session at Yuan 72,920/tonne ($9,989.24/t) and Yuan 122,640/t respectively. However, the SHFE's most-traded February aluminum