Lead inventories at LME warehouses have surged to 276,250 t, an 11-year high, last seen in Mar’13, driven by a 49% increase in just 2 days. This sudden spike is linked to imminent Nov’24 contract expiries and large short positions and has resulted in strategic accumulation in the new Singapore warehouse. This shift in inventory storage is expected to influence global supply chains and business strategies.
Lead inventories on LME hit 11-year high amid contract expiries, large short positions
commodity market trends commodity trading logistics finance-driven commodity moves. global supply chains lead futures market lead market volatility lead price disruption lead price spikes lead stocks March 2013 high LME lead inventory surge LME metal trading volatility LME November contract expiry LME warehouse inventory Singapore warehouse lead accumulation strategic repositioning in metals
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