On January 5th, the London Metal Exchange (LME) reported lead inventories of 236,900 tons, a decrease of 2,425 tons. Among these, registered warrants amounted to 162,500 tons, while canceled warrants totaled 74,400 tons, accounting for 31.41% of the total.
PriceSeek's analysis of lead indicates a bullish-bearish score of 1.5. The LME lead inventory decreased by 2,425 tons to 236,900 tons, suggesting tightening supply. Canceled warrants stood at 74,400 tons, representing 31.41% of the total, reflecting active demand and an increased willingness for delivery. These factors collectively support the spot price of lead, with expectations of an upward price movement in the short term.
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