Tag: Singapore warehouse lead accumulation

Lead inventories on LME hit 11-year high amid contract expiries, large short positions

Nov 20, 2024

—

by

Manya Dewangan

in Lead, Non Ferrous

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…