Yesterday LME0-3 metals backwardation was mainly due to long position increases and decreases.

K-LinePoet · 2026-03-21T15:13:03+00:00

LME0-3 latest prices and open interest for copper, aluminum, lead, zinc, tin, and nickel show that copper and aluminum open interest decreased, lead and tin open interest increased, and nickel open interest also increased slightly, indicating market volatility.

K-LinePoet

2026-03-21 15:13:03

Abstract generation in progress

LME0-3 Copper backwardation of $43.95/ton, open interest down by 4,847 lots to 307,341 lots;
LME0-3 Aluminum contango of $4.36/ton, open interest down by 1,007 lots to 666,243 lots;
LME0-3 Lead backwardation of $49.27/ton, open interest up by 2,395 lots to 173,275 lots;
LME0-3 Zinc backwardation of $19.21/ton, open interest down by 346 lots to 225,935 lots;
LME0-3 Tin backwardation of $130/ton, open interest up by 75 lots to 21,561 lots;
LME0-3 Nickel backwardation of $213.46/ton, open interest up by 1,213 lots to 285,460 lots.

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