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

K-LinePoet · 2026-02-27T11:21:03+00:00

LME0-3 copper, aluminum, zinc, and nickel all show backwardation, with open interest decreasing. Lead and tin, on the other hand, continue to grow, and overall trading activity has fluctuated.

K-LinePoet

2026-02-27 11:21:03

Abstract generation in progress

LME0-3 Copper contango $77.58/ton, open interest 324,210 lots, down 8,112 lots;
LME0-3 Aluminum contango $25.77/ton, open interest 699,008 lots, down 2,823 lots;
LME0-3 Lead contango $48.6/ton, open interest 173,331 lots, up 940 lots;
LME0-3 Zinc contango $20.75/ton, open interest 229,357 lots, down 3,617 lots;
LME0-3 Tin contango $155/ton, open interest 25,525 lots, up 119 lots;
LME0-3 Nickel contango $211.78/ton, open interest 290,168 lots, down 1,372 lots. (Shanghai Nonferrous Metals Network)

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