On January 6, the London Metal Exchange (LME) reported lead inventories of 233,350 tons, a decrease of 3,550 tons. Among these, registered warehouse receipts amounted to 162,500 tons, while canceled warehouse receipts totaled 70,850 tons, accounting for 30.36% of the total. PriceSeek's analysis of lead indicates a bullish-bearish score of 1. The LME lead inventory decreased by 3,550 tons to 233,350 tons, with canceled warehouse receipts making up 30.36%, suggesting strong demand and tightening supply, which generally supports spot lead prices. It is anticipated that lead prices may experience a moderate increase, as the decline in inventories reflects active consumption. However, the reduction is relatively limited and does not reach a significant bullish level.