SHANGHAI, Apr. 18 (SMM) – SHFE 1307 zinc contract prices opened low and then dipped to a two-year low. #0 zinc prices were once level with or RMB 20/mt higher than SHFE 1307 zinc contract prices, with traded prices falling to RMB 14,100-14,200/mt. As bargain hunters entered the market after 10:00 am, SHFE zinc prices rose, causing spot discounts of #0 zinc against SHFE 1307 zinc contract prices to expand to RMB 20-40/mt, with traded prices between RMB 14,300-14,340/mt. Transactions of #1 zinc were rarely made due to supply shortfalls. Arbitrage traders were actively moving goods due to narrowing spot discounts, but downstream buying interest was low, keeping overall transactions muted.