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SHFE 1702 Zinc Closes with Losses (2016-12-27)
Dec 27, 2016 17:02Source:SMM
Profit at China’s large industrials was upbeat in November, helping base metals stabilize.
SHANGHAI, Dec. 27 (SMM) – Profit at China’s large industrials was upbeat in November, helping base metals stabilize. SHFE 1702 zinc consolidated around RMB 19,930/mt. In the afternoon, SHFE 1702 zinc edged up to RMB 20,160/mt and rose further to RMB 20,290/mt and closed at RMB 20,265/mt, down RMB 110/mt or 0.54%. Trading volumes decreased 167,000 lots to 448,000 lots, and positions decreased 23,424 to 145,000.
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