SHANGHAI, Oct. 23 (SMM) – SHFE lead prices gapped lower again on October 23, and spot lead prices in China kept falling. Well-known brands, including Chihong Zn & Ge, were quoted at RMB 15,300-15,320/mt, with spot discounts over the SHFE 1212 lead contract price at RMB 110/mt. Mengzi and Hanjiang were offered at RMB 15,270/mt. Quotations for Tongguan were at RMB 15,230-15,240/mt, and those for Dongling and Shenqian were RMB 15,200-15,220/mt. Smelters lowered prices noticeably for sales due to month end financial pressures, but most downstream buyers only purchased as needed, believing prices will fall further.