1144 [Dow Jones] Zinc futures traded on Shanghai Futures...

1144 [Dow Jones] Zinc futures traded on Shanghai Futures Exchange lower, after international investors downplayed news about joint output cut by 27 small- and medium-sized Chinese smelters, miners; "losses in LME 3-month LME zinc overnight indicates that the gains Friday and yesterday are overdone," says analyst with investment house in Shanghai; adding extent of fall depends on volume of speculative fund outflows. Notes "a fragmented industry means the goal of production reduction will be hard to achieve eventually." Benchmark September zinc contract down 1.2% at CNY15,870/ton.(HWS