Yesterday, LME metals were mainly at a discount, and holdings decreased further.

K-LinePoet · 2026-02-28T01:23:06+00:00

LME0-3 Copper, aluminum, lead, zinc, tin, and nickel backwardation and position data updates show that copper is backwardated by $49.47/ton, aluminum by $12.09/ton, lead by $44.63/ton, zinc by $18.34/ton, tin is in contango by $19/ton, and nickel is backwardated by $203.16/ton. All positions have decreased.

K-LinePoet

2026-02-28 01:23:06

Abstract generation in progress

LME0-3 Copper Contango $49.47/ton, Open Interest 315,662 lots, down 497 lots;
LME0-3 Aluminum Contango $12.09/ton, Open Interest 677,999 lots, down 5,094 lots;
LME0-3 Lead Contango $44.63/ton, Open Interest 171,223 lots, down 1,561 lots;
LME0-3 Zinc Contango $18.34/ton, Open Interest 226,432 lots, down 3,669 lots;
LME0-3 Tin Backwardation $19/ton, Open Interest 21,387 lots, down 231 lots;
LME0-3 Nickel Contango $203.16/ton, Open Interest 286,588 lots, down 11,125 lots.

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