On January 13, 2026, the lead inventory on the Shanghai Futures Exchange was 21,013 tons, an increase of 301 tons compared to the previous trading day. Among them, the inventory in the Shanghai region was 3,803 tons, an increase of 3,112 tons; the inventory in the Guangdong region was 2,744 tons, an increase of 1,689 tons; the inventory in the Jiangsu region was 1,982 tons, unchanged; the inventory in the Zhejiang region was 3,091 tons, a decrease of 277 tons; and the inventory in the Tianjin region was 9,393 tons, unchanged.
PriceSeek Analysis of Lead: Bull-Bear Score: -1
The article indicates that the lead inventory on the Shanghai Futures Exchange increased by 301 tons compared to the previous trading day, with the total inventory reaching 21,013 tons. Among the regional inventories, Shanghai saw an increase of 3,112 tons and Guangdong an increase of 1,689 tons, indicating a significant rise in supply. An increase in inventory typically reflects ample market supply or weak demand, exerting downward pressure on spot lead prices, which is generally considered a bearish factor. The score of -1 is based on the magnitude of the inventory increase (approximately 1.4% overall growth) and the concentrated regional growth, though it does not reach a significant bearish level.
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