SHFE 1702 Zinc Closes with Gains (2016-12-23)

SHANGHAI, Dec. 23 (SMM) – SHFE 1702 zinc fell from RMB 21,390/mt to RMB 21,220/mt after opening and plunged to RMB 20,950/mt. Later the day, SHFE 1702 zinc rallied and reached RMB 21,315/mt and closed at RMB 21,260/mt, up RMB 185/mt or 0.88%. Trading volumes increased 175,000 lots to 582,000 lots, and positions decreased 610 to 189,000. SHFE 1702 zinc will meet pressure from the 40-day moving average in the evening session.