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Home / Metal News / LME Base Metals Cash to 3-Month Backwardation/Contango (2017-9-12)

LME Base Metals Cash to 3-Month Backwardation/Contango (2017-9-12)

Sep 13, 2017 16:34

Source:SMM

The table below shows cash to 3-month backwardation/contango of base metals on the LME on September 12.

SHANGHAI, Sept. 13 (SMM) – The table below shows cash to 3-month backwardation/contango of base metals on the LME on September 12.

SHFE Base Metals Warrants (2017-9-13)

	LME Cash to 3-Month (B/C) USD/mt
	Sept. 12	Sept. 11
Copper	40.75 (C)	18.75 (C)
Aluminum	33 (C)	30.75 (C)
Zinc	5 (C)	2.25 (C)
Lead	32.75 (C)	32 (C)
Nickel	85.5 (C)	72.5 (C)
Tin	129 (B)	130 (B)

LME Base Metals Cash to 3-Month Backwardation/Contango (2017-9-12)

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base metals

copper

aluminum

zinc

nickel

tin

lead

backwardation

contango

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

On the one hand, Teck Resources has signed an annual zinc concentrate contract with a 45% increase in TCs to $230/dmt. An escalation clause was included: if the prices of zinc exceed $3,800/mt, TCs will rise by $0.05/mt for every $1/mt increase in the prices of LME zinc, but if the zinc prices fall, TCs will remain unchanged (the same as the 20%/80% price sharing scheme in China).

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LME Base Metals Cash to 3-Month Backwardation/Contango (2017-9-12)

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