SHANGHAI, Jun. 27 (SMM) – SHFE lead prices opened lower on Wednesday. In China’s spot markets, well-known brands including Nanfang were quoted between RMB 14,620-14,630/mt, with premiums of RMB 150/mt against the most active SHFE lead price. Yubei was quoted at RMB 14,600/mt. Shenqian and Hengchang was quoted between RMB 14,550-14,560/mt. Smelters were unwilling to move goods, leaving limited supply in the market, while downstream buyers were reluctant to buy due to poor orders.