NewsFlash / Copper / LME cash-3M backwardation/contango for metals on June 16
LME cash-3M backwardation/contango for metals on June 16
iconJun 17, 2025 09:11
Source:SMM
On June 16, [LME cash-3M copper] backwardation was $95.59/mt, with open interest decreasing by 23,192 lots to 268,230 lots.
On June 16, [LME cash-3M aluminum] backwardation was $2.39/mt, with open interest increasing by 3,732 lots to 697,894 lots.
On June 16, [LME cash-3M lead] contango was $29.76/mt, with open interest decreasing by 10,747 lots to 136,282 lots.
On June 16, [LME cash-3M zinc] contango was $24.57/mt, with open interest increasing by 41,145 lots to 247,541 lots.
On June 16, [LME cash-3M tin] contango was $164/mt, with open interest decreasing by 11 lots to 21,412 lots.
On June 16, [LME cash-3M nickel] contango was $203.75/mt, with open interest increasing by 39 lots to 230,609 lots.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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