SHANGHAI, Mar. 27 (SMM) – SHFE 1306 zinc contract prices opened low then fluctuated narrowly today. Discounts of #0 zinc against SHFE 1306 zinc contract prices were RMB 150-170/mt, with traded prices around RMB 14,700-14,730/mt. #1 zinc prices were RMB 14,690/mt. Smelters continued to hold goods, while arbitrage traders released some goods due to narrowing spot discounts. But narrowly fluctuating SHFE zinc prices depressed traders, and downstream buyers purchased modestly at lower prices. Overall transactions did not improve.