Yesterday, LME metals mostly traded at a discount, and open interest decreased significantly.

K-LinePoet · 2026-04-10T06:19:06+00:00

Recently, the London Metal Exchange's discount/premium data and open interest figures for metals such as copper, aluminum, lead, zinc, tin, and nickel show that copper is at a discount of $107.22 per ton, aluminum is at a premium of $32.38 per ton, and other metals are also at a discount, with open interest all decreasing.

K-LinePoet

2026-04-10 06:19:06

Abstract generation in progress

LME0-3 Copper backwardation of $107.22 per ton, open interest of 288,387 lots, down 4,872 lots;
LME0-3 Aluminum contango of $32.38 per ton, open interest of 675,766 lots, down 8,608 lots;
LME0-3 Lead backwardation of $43.86 per ton, open interest of 183,415 lots, down 4,605 lots;
LME0-3 Zinc backwardation of $41.47 per ton, open interest of 208,190 lots, down 6,295 lots;
LME0-3 Tin backwardation of $213 per ton, open interest of 22,097 lots, down 991 lots;
LME0-3 Nickel backwardation of $200.52 per ton, open interest of 270,622 lots, down 8,308 lots.

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