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SHFE 1702 Zinc Closes with Declines (2016-12-12)
Dec 12, 2016 18:58Source:SMM
SHFE 1702 zinc pulled up to RMB 22,860/mt after opening and reached RMB 22,985/mt due to rising rebar and yuan’s devaluation.
SHANGHAI, Dec. 12 (SMM) – SHFE 1702 zinc pulled up to RMB 22,860/mt after opening and reached RMB 22,985/mt due to rising rebar and yuan’s devaluation. In the afternoon, SHFE 1702 zinc fell and closed at RMB 22,370/mt, down RMB 140/mt or 0.62%. Trading volumes decreased 137,000 lots to 598,000 lots, and positions increased 6,174 to 240,000. SHFE 1702 zinc is expected to experience corrections in the evening session.
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