On June 24, [LME cash-3M copper] backwardation was $150.85/mt, with open interest decreasing by 2,407 lots to 284,256 lots.
On June 24, [LME cash-3M aluminum] contango was $0.93/mt, with open interest decreasing by 2,902 lots to 688,135 lots.
On June 24, [LME cash-3M lead] contango was $24.13/mt, with open interest decreasing by 1,007 lots to 153,024 lots.
On June 24, [LME cash-3M zinc] contango was $20.17/mt, with open interest increasing by 2,923 lots to 212,837 lots.
On June 24, [LME cash-3M tin] backwardation was $3/mt, with open interest increasing by 38 lots to 20,948 lots.
On June 24, [LME cash-3M nickel] contango was $198.39/mt, with open interest decreasing by 86 lots to 226,209 lots.
![Downstream Buyers Took a Wait-and-See Approach Amid Surging Copper Prices, Spot Cargo Trading Activity Remained Weak [SMM North China Spot Copper]](https://imgqn.smm.cn/usercenter/oeWiG20251217171714.jpeg)
![Copper Prices Hit New Highs as Downstream Buyers Reluctant to Restock, Overall Trading Remains Poor [SMM South China Spot Copper]](https://imgqn.smm.cn/usercenter/ULCXN20251217171714.jpeg)
