SHANGHAI, Mar. 1 (SMM) – SHFE three-month zinc contract prices opened lower and then fluctuated today, slumping near the end of the trading. Discounts of #0 zinc against SHFE 1305 zinc contract prices were RMB 250-280/mt, with traded prices between RMB 15,220-15,250/mt. #1 zinc prices were RMB 15,150-15,190/mt. Smelters continued to hold onto their goods, but arbitrage traders released goods as spot discounts narrowed by RMB 20-50/mt. Downstream buyers took a wait-and-see attitude, keeping transactions muted.