Yesterday, LME0-3 metals' backwardation positions increased and decreased.

K-LinePoet · 2026-03-16T04:37:48+00:00

LME0-3 copper, aluminum, lead, zinc, tin, and nickel contango/backwardation and open interest show that copper open interest increased slightly, aluminum open interest decreased, lead and zinc open interest increased, tin open interest declined slightly, and nickel open interest increased significantly.

K-LinePoet

2026-03-16 04:37:48

Abstract generation in progress

LME0-3 Copper contango at $106.43/ton, open interest 322,575 lots, up 262 lots;
LME0-3 Aluminum contango at $35.27/ton, open interest 668,992 lots, down 1,429 lots;
LME0-3 Lead contango at $47.53/ton, open interest 177,713 lots, up 305 lots;
LME0-3 Zinc contango at $30.26/ton, open interest 232,210 lots, up 4,418 lots;
LME0-3 Tin contango at $167/ton, open interest 24,382 lots, down 34 lots;
LME0-3 Nickel contango at $208.5/ton, open interest 294,824 lots, up 3,179 lots. (SMM)

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