On January 13, the London Metal Exchange (LME) reported lead inventories of 218,925 tons, a decrease of 2,525 tons. Among these, registered warehouse receipts amounted to 163,375 tons, while canceled warehouse receipts stood at 55,550 tons, accounting for 25.37% of the total. PriceSeek's analysis of lead indicates a bullish-bearish score of 1. The LME lead inventories decreased by 2,525 tons to 218,925 tons, with canceled warehouse receipts accounting for 25.37%. The decline in inventories suggests tightening supply, while the high proportion of canceled warehouse receipts implies potential strengthening demand, which is favorable for spot lead prices.