SHANGHAI, Feb 8 (SMM) – On Wednesday, SHFE lead prices moved weakly at RMB 16,100/mt. Prices for domestic well-known brands such as Nanfang and Chengyuan were at RMB 15,950/mt, with discounts against SHFE 1203 lead contract price at RMB 150/mt. Quotations for lead from Gejiu were at RMB 15,800/mt. Smelters only sell goods in limited amounts due to bullish outlook. Meanwhile, downstream demand remained weak as production recovery at enterprises remained slow. Thus, trading market was still quiet.