SHANGHAI, Jan. 8 (SMM) – SHFE three-month zinc contract prices inched down in the morning trading. Discounts of #0 zinc against SHFE three-month zinc contract prices were RMB 300-320/mt, with traded prices between RMB 15,150-15,180/mt. #1 zinc prices were RMB 15,130-15,140/mt. After SHFE zinc prices rebounded at noon, #0 zinc prices were around RMB 15,160/mt. A few smelters still lacked interest to move goods, while arbitrage traders released goods due to narrowing spot discounts, leading to sufficient goods supply. Although the demand to replenish stocks leading up to Chinese New Year holiday, downstream buyers were still cautious due to unacceptable prices, keeping overall transactions muted.