SHANGHAI, Apr. 26 (SMM) – SHFE 1307 zinc contract prices opened high but fell later in the day. Spot discounts of #0 zinc against SHFE 1308 zinc contract prices were RMB 120-140/mt, with traded prices between RMB 14,670-14,710/mt. #1 zinc prices were between RMB 14,650-14,670/mt. Smelters continued to hold back goods in the last trading day before holiday, while traders were actively moving goods, but downstream buyers stood on the sidelines, keeping overall transactions muted.