Description
The LME Copper Premium/Discount (0-3) is published by the London Metal Exchange (LME). This indicator reflects the premium or discount for copper contracts with a delivery period of 0 to 3 months. It serves as a key benchmark for assessing the supply-demand dynamics and market sentiment in the copper market. A high premium typically indicates strong demand or tight supply, while a discount suggests weak demand or ample supply.
The premium/discount is calculated based on the difference between the spot price and the futures price for copper contracts with a delivery period of 0 to 3 months. It is derived from the trading activities and market conditions observed on the LME.
This data is updated daily as it reflects the ongoing trading activities and market conditions on the London Metal Exchange.