CME-LME Spread Widens: Active Trading for Nov CME-Brand Cargoes, Bids Vary

Published: Nov 11, 2025 16:02
【SMM Yangshan Premium】Since Nov.10 afternoon, the CME–LME spread has widened, with forward-month differentials exceeding 600 USD/ton.During the morning session, some traders actively sought November-arrival cargoes of CME-deliverable brands.Offers from sellers once reached as high as USD 200/ton, while some market buyers were heard counter-bidding around 140USD/ton. QP December.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn