Shanghai Futures for Copper Falls 1.2%, Nickel Rises 0.8%

Copper futures for August delivery experienced a decline of 1.2%, closing at Yuan 78,370 per ton ($10,785 per ton). This decrease reflects a bearish sentiment in the market for copper during this period.

In contrast, nickel futures for September delivery rose by 0.8%, reaching Yuan 135,480 per ton ($18,642 per ton). The increase in nickel futures indicates a more optimistic outlook for this metal.

These fluctuations highlight the dynamic nature of the SHFE and the varying market conditions impacting different metals.