SHANGHAI, Jan. 29 (SMM) – SHFE three-month zinc contract prices fell after rising initially today. Discounts of #0 zinc against SHFE 1304 zinc contract prices remained were RMB 280-300/mt, with traded prices between RMB 15,280-15,300/mt. #1 zinc prices were RMB 15,240-15,250/mt. Traders were not hurried to move goods due to optimism, so goods supply was tight. Traders left the market, while downstream buyers remained cautious, keeping transactions muted.