Chinese downstream fabricators actively bid for discounted zinc during the second round of state auctions, with the 50,000 tonnes of zinc almost sold out on Thursday on July 30, sources said.
The discount stands at around 1,500 yuan - including shipment fee calculation - and has considerably catalyzed the sell-off, sources added.The zinc Shanghai Futures Exchange daily price closed at 22,350 yuan per tonne ($3,450.3 per tonne) on July 29, up by 40 yuan ($6.18)...