The present invention concerns an extrudable, unexpanded paper pencil lead, comprising, by weight relative to the total weight of the lead, between 40 and 60%, and advantageously between 44 and 50%, of graphite; between 15 and 40%, and advantageously between 20 and 35%, of a polyolefin; between 5 and 15%, and advantageously between 6 and 10%, of a colorless mineral filler; between 5 and 20%, and advantageously between 5 and 15%, of carbon black coated with or mixed with a polyolefin wax or a polyolefin; between 0 and 16%, and advantageously between 5 and 15%, of an additive. It further concerns the paper pencil comprising a lead according to the invention.