Yesterday, LME metal backwardation positions increased and decreased.

K-LinePoet · 2026-03-06T05:36:03+00:00

LME 0-3 Series metals recently showed a decrease in positions for copper, aluminum, zinc, and tin, while lead positions slightly increased. Copper, aluminum, zinc, and tin are all trading at a discount, with lead remaining relatively stable.

K-LinePoet

2026-03-06 05:36:03

Abstract generation in progress

LME0-3 Copper contango at $94.71/ton, open interest at 322,313 lots, down 3,871 lots;
LME0-3 Aluminum contango at $32.16/ton, open interest at 670,421 lots, down 2,664 lots;
LME0-3 Lead contango at $47.05/ton, open interest at 177,408 lots, up 1,494 lots;
LME0-3 Zinc contango at $28.69/ton, open interest at 227,792 lots, down 7,690 lots;
LME0-3 Tin contango at $194/ton, open interest at 24,416 lots, down 737 lots;
LME0-3 Nickel contango at $205.08/ton, open interest at 291,645 lots, down 1,012 lots. (SMM)

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