SHANGHAI, Feb. 28 (SMM) – SHFE three-month zinc contract prices opened lower and then inched down today. Discounts of #0 zinc against SHFE 1305 zinc contract prices narrowed to RMB 300/mt, with traded prices between RMB 15,350-15,370/mt. #1 zinc prices were RMB 15,300-15,320/mt. Some smelters continued to hold onto their goods, but as arbitrage traders released goods due to narrowing spot discounts, goods supply was sufficient. Downstream buyers took a wait-and-see attitude, keeping transactions muted.