SHANGHAI, Dec. 7 (SMM) – SHFE lead prices opened higher and moved around the daily moving average on Wednesday. Transactions in spot market are mainly for well-known domestic brands. Quotations for Nanfang, Chihong Zn & Ge were between RMB 15,630-15,650/mt, with discounts over SHFE 1201 lead contract price of RMB 50-80/mt. Traded prices for other brands such as Baiyin and Tianma were reported to be around RMB 15,600/mt. A wait-and-see sentiment dominated market, leaving transactions modest.