SHFE nickel prices soar, copper and aluminum drop

By November 25, the most-traded contracts of copper and aluminum on the Shanghai Futures Exchange (SHFE) had both closed lower on week by the time the daytime trading sessions ended, while the nickel contract posted a significant increase, the exchange's data showed.

As of Friday, the SHFE's most-traded nickel contract for December delivery had surged by Yuan 610/tonne ($85.2/t) from the November 18 settlement price to close at Yuan 199,620/t at the end of daytime trading session. In parallel, the January copper contract lost Yuan 400/t during the same period to close at Yuan 65,170/t, and the January