SHANGHAI, Mar. 4 (SMM) – SHFE three-month zinc contract prices opened lower and then fluctuated today. Discounts of #0 zinc against SHFE 1305 zinc contract prices narrowed to RMB 240-250/mt, with traded prices between RMB 15,120-15,140/mt. #1 zinc prices were RMB 15,080-15,100/mt. Smelters continued to hold onto their goods due to falling zinc prices, but arbitrage traders released goods as spot discounts narrowed. Downstream buyers took a wait-and-see attitude, keeping transactions muted.