SHANGHAI, Feb. 22 (SMM) – On Wednesday, SHFE lead price rose up after opening at RMB 15,900/mt. In China’s domestic spot markets, initial quotations for well-known brands such as Chihong Zn & Ge, Yuguang were RMB 15,800/mt, but transactions were rarely seen and quotations later fell to RMB 15,780/mt along with SHFE lead prices. Other brands such as Yubei and Shuikoushan were quoted at RMB 15,740-15,770/mt, with discounts against the most active SHFE lead contract price at RMB 40-100/mt. Quotations for lead from Gejiu were between RMB 15,730-15,750/mt with few deals done. As lead prices tended to stabilize, smelters were cautiously selling goods with bullish outlook. Purchases by downstream buyers were sparse, and transactions were modest in general.