SHANGHAI, Feb. 22 (SMM) -- On February 22, SHFE zinc prices fluctuated higher to RMB 15,700/mt after opening. Traded prices for #0 zinc in spot market were largely between RMB 15,390-15,400/mt, with spot discounts over the 1305 SHFE zinc contract around RMB 300/mt. SHFE zinc market saw sharp price decline and position contract, and still corrected around low level, with quiet trading sentiment reported. As downstream producers have not fully resumed production, operating rate was still low and demand for zinc ingots was still sluggish. Nonetheless, transactions slightly improved from a day earlier.