Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / LME Base Metals Cash to 3-Month Backwardation/Contango (2017-9-28)

LME Base Metals Cash to 3-Month Backwardation/Contango (2017-9-28)

Sep 29, 2017 10:37

Source:SMM

The table below shows cash to 3-month backwardation/contango of base metals on the LME on September 28.

SHANGHAI, Sept. 29 (SMM) – The table below shows cash to 3-month backwardation/contango of base metals on the LME on September 28.

COMEX Copper Inventories (2017-9-28)

	LME Cash to 3-Month (B/C) USD/mt
	Sept. 28	Sept. 27
Copper	48.5 (C)	47 (C)
Aluminum	23.75 (B)	25.25 (C)
Zinc	41 (B)	44.5 (B)
Lead	3.75 (C)	9.5 (C)
Nickel	82 (C)	83 (C)
Tin	145 (B)	190 (B)

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

base metals

copper

aluminum

zinc

nickel

tin

lead

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).

Apr 11, 2022 15:09

Analysis

A Short Squeeze May Occur Overseas Followed by the Domestic Market

Copper Prices were under Pressure due to the Stronger US Dollar Aroused by the Hawkish Speech of the US Fed

Last week, the US Fed announced that it may begin to shrink the balance sheet at the next meeting in May. The pace will be accelerated to a monthly reduction of $95 billion.

Apr 11, 2022 13:06

SMM Insight

Copper Prices were under Pressure due to the Stronger US Dollar Aroused by the Hawkish Speech of the US Fed

SMM China Zinc Inventory in Major Markets Rose 5,200 mt on Week

Total zinc ingots inventories across seven major markets in China stood at 278,000 mt as of April 8, up 5,200 mt from April 1, down 300 mt from March 6. Domestic inventories increased.

Apr 8, 2022 16:45

SMM Insight

SMM China Zinc Inventory in Major Markets Rose 5,200 mt on Week

Further potential price declines deter Shanghai spot nickel buyers

Purchasing interest among downstream consumers in Shanghai's spot nickel market cooled on Thursday June 21

Jun 21, 2018 12:27

SMM Comments

Further potential price declines deter Shanghai spot nickel buyers

Increased zinc imports weigh on spot offers

Traders continued to lower offers in China’s spot zinc market on Thursday May 10 as supply of imported zinc increased, SMM learned.

May 10, 2018 15:05

SMM Comments

Increased zinc imports weigh on spot offers

China's spot zinc offers dip amid quiet trading

In China's spot zinc market on Wednesday May 9, smelters continued to lower offers after thinner transactions from the previous day

May 9, 2018 15:57

SMM Comments

China's spot zinc offers dip amid quiet trading

Spot copper offers dip in Shanghai

Spot copper in the Shanghai market was offered at a premium of 230-270 yuan/mt on the morning of Friday April 20, down from a premium of 300-350 yuan/mt a day earlier

Apr 20, 2018 10:36

SMM Comments

SMM Morning Comments (Apr 19)

SMM Morning Comments

Apr 19, 2018 09:37

SMM Comments

SHFE zinc plunges amid pessimistic sentiment

SHFE zinc tumbled during the day and touched a low at 23,605 yuan/mt on Thursday April 12 despite better fundamentals since the start of this month.

Apr 12, 2018 15:43

SMM Comments SMM Insight

SHFE zinc plunges amid pessimistic sentiment

SMM Evening Comments (Apr 10)

SMM Evening Comments

Apr 10, 2018 18:04

SMM Comments

SMM Events & Webinars

All

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

LME Base Metals Cash to 3-Month Backwardation/Contango (2017-9-28)

SMM Events & Webinars

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo

CLNB 2025 (10th) China International New Energy Industry Expo