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Home / Metal News / LME Base Metals Cash to 3-Month Backwardation/Contango (2017-10-12)

LME Base Metals Cash to 3-Month Backwardation/Contango (2017-10-12)

Oct 13, 2017 10:25

Source:SMM

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

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

COMEX Copper Inventories (2017-10-12)

	LME Cash to 3-Month (B/C) USD/mt
	Oct. 12	Oct. 11
Copper	22.75 (C)	44 (C)
Aluminum	24.75 (C)	25.25 (C)
Zinc	91 (B)	76 (B)
Lead	10.5 (C)	12.25 (C)
Nickel	57 (C)	74 (C)
Tin	125 (B)	120 (B)

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base metals

copper

aluminum

zinc

nickel

copper prices

aluminum prices

zinc prices

nickel prices

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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 (2017-10-12)

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