SHANGHAI, Feb. 25 (SMM) -- On February 25, SHFE zinc prices fluctuated narrowly after opening. Traded prices for #0 zinc in spot market were largely between RMB 15,270-15,290/mt, with spot discounts over the 1305 SHFE zinc contract narrowing to RMB 280-290/mt. Traded prices for #1 zinc averaged RMB 15,230-15,350/mt. As zinc prices fell steadily, a few smelters hold back goods and were reluctant to move goods at low prices. Some arbitrage zinc flowed out, and supply of spot zinc was sufficient. More traders and downstream producers entered market, and overall transactions slightly improved.