Infographics
Everything here is live and interactive — not a screenshot. Hover any chart for the exact numbers: the shape of a futures curve, where warehouse stock is heading, how a price has moved. The data that usually hides in a terminal, drawn so you can actually read it.
Term structure — who's paying up for metal now
Upward curve = contango (comfortable supply); downward = backwardation (tight physical market). Hover a tenor for its spread vs spot.
Spot trades over deferreds — the market is paying up for metal now. Tight physical, bullish tell.
LME 3M + COMEX deferreds (indicative)
Deferreds trade over spot — comfortable supply and positive carry. A long rolling the front bleeds the spread.
LME forward (indicative)
Deferreds trade over spot — comfortable supply and positive carry. A long rolling the front bleeds the spread.
GFEX / CME LC futures (indicative)
Deferreds trade over spot — comfortable supply and positive carry. A long rolling the front bleeds the spread.
COMEX deferreds (indicative)
Spot trades over deferreds — the market is paying up for metal now. Tight physical, bullish tell.
SGX 62% Fe swaps (indicative)
Exchange inventories — the supply tell
Falling stock = tightening (bullish); building stock = loosening. Hover a bar for the level and month-on-month change.
Latest 278 kt · Exchange stock reports (indicative)
Latest 178 kt · LME stock report (indicative)
Latest 1,580 t · LME stock report (indicative)
Price trends — the live tape
Real CME/COMEX futures, refreshed hourly. Hover for the value at any point in the trailing year.
Forward curves and inventories are indicative until a live LME/CME feed is wired; price trends are live futures. See Prices & Heat Index for the full table and methodology.