Kilambi News
Thursday, October 29, 2026

Copper positioning

Thursday, October 29, 2026

Managed Money net +47,690 contracts at CFTC (United States), positions as of 20 Oct 2026.

Data as of Position dates per venue, printed on the page

CFTC (United States)Disaggregated, COPPER- #1Managed Money20 Oct 2026
London Metal ExchangeCopper A GradeInvestment funds24 Dec 2020
LMECopper A GradeInvestment funds16 Oct 2026

Position by venue

One row per venue and report. Each row carries its own source's speculative category, named in the row, and its own unit. Rows are never summed and never converted into a common unit.

VenueReportCategoryNetChange, intervalNet % of OIPercentile, full spanUnitPosition date
CFTC (United States)Disaggregated, COPPER- #1Managed Money+47,690-13,36814.685contracts2026-10-20
London Metal ExchangeCopper A GradeInvestment funds+37,143-3,3419.0-lots2020-12-24
LMECopper A GradeInvestment funds+33,640-7,0758.160lots2026-10-16

CFTC Disaggregated, COPPER- #1: managed money net as % of open interest

-11%+6%+23%0max +39%min -27%Jun 2006Oct 2026

Net as % of open interest, the measure comparable across the venue's own history. Category breaks and missing reports print as gaps.

London Metal Exchange, Copper A Grade: investment funds net as % of open interest

-0%+3%+6%0max +10%min -4%Feb 2018Dec 2020

Net as % of open interest, the measure comparable across the venue's own history. Category breaks and missing reports print as gaps.

LME, Copper A Grade: investment funds net, held reports only

-1,19416,63934,4720max 52,305min -19,027Jan 2020Oct 2026

Net as % of open interest, the measure comparable across the venue's own history. Category breaks and missing reports print as gaps.

History by venue

The full held history for each venue, in the venue's own unit. Series longer than 280 reports print as yearly extremes over the full span plus the most recent 104 reports; shorter series print in full. Every table sorts and filters.

CFTC Disaggregated, COPPER- #1: full held history, Disaggregated categories, contracts

Yearly extremes, full held span

YearHighest netDate of highLowest netDate of lowFinal net of yearObservations
2006+2,6312006-07-18-12,7922006-12-26-12,79229
2007+12,4742007-10-09-17,4262007-02-06-4,15153
2008+14,9412008-07-01-17,4492008-12-16-17,33452
2009+16,0082009-12-29-21,9022009-02-17+16,00852
2010+39,1052010-12-28+2,6132010-06-08+39,10552
2011+37,5362011-01-04-9,5122011-10-11-4,02452
2012+24,5312012-12-18-13,7692012-06-26+15,92453
2013+35,6232013-12-31-39,0002013-04-02+35,62352
2014+48,9032014-07-15-24,9702014-03-25-4,50852
2015+39,9772015-05-12-37,2222015-12-15-25,96452
2016+87,0692016-12-13-47,3452016-06-14+72,15252
2017+125,3722017-09-05+29,7492017-05-09+99,65952
2018+113,3132018-01-02-30,8362018-08-07-24,09253
2019+22,7232019-03-05-75,1142019-08-06+9,29952
2020+92,0772020-10-20-60,0662020-02-11+81,85752
2021+86,9592021-02-09+10,0092021-12-21+20,53752
2022+41,4782022-03-08-26,7272022-07-05+14,03152
2023+39,2282023-01-24-24,2492023-05-30+14,19852
2024+75,3072024-05-21-43,9282024-02-13-4,31953
2025+75,6192025-12-23+6,1822025-01-07+71,01952
2026+82,5222026-09-22+35,2842026-03-24+47,69042

Most recent 104 reports of 1063

Order: Date, oldest first

2024-10-29247,710-58,280+24,041+17,520+6,219-10,500+10,5007.1
2024-11-05251,994-58,794+24,583+18,930+4,740-10,541+10,5417.5
2024-11-12232,280-52,364+21,951+9,899+10,946-9,568+9,5684.3
2024-11-19223,447-42,975+21,133+9,336+6,106-6,400+6,4004.2
2024-11-26203,954-43,918+28,157+9,219+706-5,836+5,8364.5
2024-12-03213,182-40,052+25,269+11,687-1,221-4,317+4,3175.5
2024-12-10208,126-41,521+24,632+13,539-2,580-5,930+5,9306.5
2024-12-17207,513-36,368+24,618+6,382-442-5,810+5,8103.1
2024-12-24213,742-31,771+23,774+1,438+366-6,193+6,1930.7
2024-12-31219,739-31,410+25,508-4,319+5,078-5,143+5,143-2.0
2025-01-07218,477-30,996+24,573+6,182-1,912-2,153+2,1532.8
2025-01-14209,052-37,201+22,658+14,565-2,727-2,705+2,7057.0
2025-01-21217,298-42,966+21,237+19,314-2,651-5,066+5,0668.9
2025-01-28234,867-39,339+20,982+16,542-3,497-5,312+5,3127.0
2025-02-04235,599-39,200+20,490+18,464-3,043-3,289+3,2897.8
2025-02-11243,961-46,293+21,451+24,433-3,537-3,946+3,94610.0
2025-02-18238,331-46,958+22,238+30,046-7,983-2,657+2,65712.6
2025-02-25222,133-42,944+20,336+18,657+365-3,586+3,5868.4
2025-03-04218,780-37,374+21,185+8,902+4,110-3,177+3,1774.1
2025-03-11227,359-41,722+19,666+14,216+4,382-3,458+3,4586.3
2025-03-18237,882-43,652+16,100+23,952+1,240-2,360+2,36010.1
2025-03-25251,957-43,854+9,324+36,696-2,592-426+42614.6
2025-04-01245,181-40,088+8,979+34,432-4,407-1,084+1,08414.0
2025-04-08220,390-31,329+9,900+14,166+10,075+2,812-2,8126.4
2025-04-15202,997-30,635+10,463+13,370+6,107-695+6956.6
2025-04-22196,712-31,995+8,345+16,155+8,610+1,115-1,1158.2
2025-04-29191,990-30,762+10,698+18,926+443-695+6959.9
2025-05-06192,752-33,026+10,671+22,085-382-652+65211.5
2025-05-13195,840-33,842+9,499+23,792-2,270-2,821+2,82112.1
2025-05-20205,105-33,015+9,592+20,882+156-2,385+2,38510.2
2025-05-27208,601-31,806+5,731+20,837+1,744-3,494+3,49410.0
2025-06-03211,857-36,012+8,999+23,165+929-2,919+2,91910.9
2025-06-10207,359-37,805+7,521+25,612+739-3,933+3,93312.4
2025-06-17202,728-36,450+7,767+22,648+1,152-4,883+4,88311.2
2025-06-24203,404-37,417+5,698+28,249+1,184-2,286+2,28613.9
2025-07-01212,300-42,928+5,635+31,790+1,900-3,603+3,60315.0
2025-07-08230,251-47,143+6,041+37,638+1,966-1,498+1,49816.3
2025-07-15224,583-46,692+4,667+39,303+1,421-1,301+1,30117.5
2025-07-22228,192-46,245+5,631+39,279+543-792+79217.2
2025-07-29228,444-42,382+5,306+36,660+687+271-27116.0
2025-08-05197,933-45,947+13,185+18,249+2,437-12,076+12,0769.2
2025-08-12193,751-49,463+11,430+25,168+3,043-9,822+9,82213.0
2025-08-19195,080-47,555+12,190+25,609+423-9,333+9,33313.1
2025-08-26190,049-49,402+14,408+28,754-2,524-8,764+8,76415.1
2025-09-02195,673-48,071+14,121+35,556-9,898-8,292+8,29218.2
2025-09-09208,356-51,763+15,748+38,375-11,134-8,774+8,77418.4
2025-09-16221,011-55,169+16,745+42,097-11,749-8,076+8,07619.0
2025-09-23227,318-55,108+16,855+43,389-13,159-8,023+8,02319.1
2025-09-30230,658-62,044+19,494+48,425-15,859-9,984+9,98421.0
2025-10-07250,850-69,239+18,367+56,449-17,380-11,803+11,80322.5
2025-10-14252,089-68,913+15,670+58,384-15,757-10,616+10,61623.2
2025-10-21258,680-69,959+17,826+56,676-15,465-10,922+10,92221.9
2025-10-28272,068-81,485+20,682+61,994-12,900-11,709+11,70922.8
2025-11-04269,926-82,568+13,984+60,729-4,354-12,209+12,20922.5
2025-11-10265,474-84,135+15,279+63,284-7,758-13,330+13,33023.8
2025-11-18251,537-80,055+16,935+61,603-9,644-11,161+11,16124.5
2025-11-25233,461-73,192+19,191+57,547-13,910-10,364+10,36424.6
2025-12-02242,931-81,486+14,970+63,459-10,046-13,103+13,10326.1
2025-12-09250,821-90,159+13,976+70,484-8,005-13,704+13,70428.1
2025-12-16256,887-92,012+13,133+75,134-10,308-14,053+14,05329.2
2025-12-23267,343-95,818+15,372+75,619-8,531-13,358+13,35828.3
2025-12-30260,139-85,059+12,351+71,019-11,180-12,869+12,86927.3
2026-01-06267,027-85,355+13,341+68,242-10,384-14,156+14,15625.6
2026-01-13269,813-82,723+13,761+63,391-9,950-15,521+15,52123.5
2026-01-20278,431-89,963+20,777+62,806-10,231-16,611+16,61122.6
2026-01-27278,219-86,956+22,144+58,018-9,628-16,422+16,42220.9
2026-02-03278,845-82,035+19,484+55,923-8,109-14,737+14,73720.1
2026-02-10270,792-80,967+20,175+55,564-9,691-14,919+14,91920.5
2026-02-17272,967-96,867+22,981+53,774+5,557-14,555+14,55519.7
2026-02-24261,235-95,787+23,439+51,027+7,413-13,908+13,90819.5
2026-03-03244,932-91,801+22,057+48,494+9,187-12,063+12,06319.8
2026-03-10235,322-86,859+24,226+47,676+3,990-10,967+10,96720.3
2026-03-17231,319-85,233+25,799+46,558+1,486-11,390+11,39020.1
2026-03-24221,772-72,073+25,785+35,284+2,253-8,751+8,75115.9
2026-03-31220,756-77,345+27,536+39,172+932-9,705+9,70517.7
2026-04-07224,634-80,781+29,166+38,393+1,834-11,388+11,38817.1
2026-04-14245,595-94,436+30,295+52,333+2,776-9,032+9,03221.3
2026-04-21250,504-99,828+30,493+59,585-381-10,131+10,13123.8
2026-04-28230,596-103,114+31,085+60,937+2,344-8,748+8,74826.4
2026-05-05232,609-101,414+29,397+63,473-624-9,168+9,16827.3
2026-05-12259,808-114,732+27,589+74,488+1,821-10,834+10,83428.7
2026-05-19257,964-111,707+26,208+74,188+1,698-9,613+9,61328.8
2026-05-26266,243-110,891+27,179+70,500+2,540-10,672+10,67226.5
2026-06-02276,892-114,904+26,259+75,747+3,086-9,812+9,81227.4
2026-06-09274,331-109,260+25,325+69,204+5,246-9,485+9,48525.2
2026-06-16270,752-102,264+17,856+69,008+6,342-9,058+9,05825.5
2026-06-23268,800-97,586+17,108+66,547+5,073-8,858+8,85824.8
2026-06-30254,335-89,338+16,244+59,703+5,085-8,306+8,30623.5
2026-07-07250,948-90,983+17,813+58,784+5,488-8,898+8,89823.4
2026-07-14259,873-86,384+12,768+60,185+4,200-9,231+9,23123.2
2026-07-21270,048-91,208+9,096+71,515+2,462-8,135+8,13526.5
2026-07-28274,552-85,279+9,118+65,008+2,273-8,880+8,88023.7
2026-08-04289,395-92,844+6,675+75,758+1,365-9,046+9,04626.2
2026-08-11297,047-97,517+6,271+79,027+1,361-10,858+10,85826.6
2026-08-18281,563-96,274+6,134+78,648+1,100-10,392+10,39227.9
2026-08-25283,299-100,023+4,974+76,271+8,995-9,783+9,78326.9
2026-09-01282,640-97,022+4,915+72,882+7,987-11,238+11,23825.8
2026-09-08297,491-111,865+7,221+82,154+10,322-12,168+12,16827.6
2026-09-15289,463-98,018+13,631+65,106+10,028-9,253+9,25322.5
2026-09-22301,657-112,575+12,140+82,522+8,000-9,913+9,91327.4
2026-09-29301,201-104,340+9,499+78,058+7,353-9,430+9,43025.9
2026-10-06304,033-92,720+14,797+61,134+8,300-8,489+8,48920.1
2026-10-13313,832-90,466+13,829+61,058+7,462-8,117+8,11719.5
2026-10-20327,119-77,406+13,110+47,690+9,707-6,899+6,89914.6

London Metal Exchange, Copper A Grade: full held history, lots

All 148 held reports

Order: Report date, oldest first

2018-02-0931,59325,511+6,0821.0
2018-02-1630,31722,412+7,9052.0
2018-02-2328,55219,691+8,8612.0
2018-03-0217,93315,743+2,1901.0
2018-03-0922,60717,441+5,1662.0
2018-03-1622,22116,520+5,7011.0
2018-03-2322,15319,243+2,9100.0
2018-03-2823,05521,984+1,0710.0
2018-04-0622,04119,853+2,1880.0
2018-04-1330,50721,185+9,3222.0
2018-04-2032,64519,669+12,9763.0
2018-04-2731,10221,016+10,0862.0
2018-05-0425,84820,591+5,2571.0
2018-05-1133,08920,895+12,1943.0
2018-05-1833,00521,035+11,9702.0
2018-05-2534,76620,854+13,9123.0
2018-06-0135,12521,583+13,5423.0
2018-06-0842,99220,758+22,2344.0
2018-06-1543,09121,171+21,9204.0
2018-06-2235,23822,747+12,4913.0
2018-06-2932,46623,478+8,9881.0
2018-07-0629,37225,611+3,7611.0
2018-07-1327,70126,075+1,6260.0
2018-07-2025,19125,388-1970.0
2018-07-2717,3048,955+8,3495.0
2018-08-0325,93624,750+1,1860.0
2018-08-1024,55925,624-1,0650.0
2018-08-1725,31728,281-2,964-1.0
2018-08-2426,98127,104-1230.0
2018-08-3116,46112,020+4,4411.0
2018-09-0717,49913,592+3,9071.0
2018-09-1416,60813,215+3,3930.0
2018-09-2120,82013,710+7,1101.0
2018-09-2822,57513,273+9,3022.0
2018-10-0522,39312,802+9,5913.0
2018-10-1226,52213,695+12,8272.0
2018-10-1924,47014,358+10,1122.0
2018-10-2620,71313,697+7,0161.0
2018-11-0224,16016,991+7,1692.0
2018-11-0922,14616,861+5,2852.0
2018-11-1625,01217,328+7,6842.0
2018-11-2328,12617,724+10,4023.0
2018-11-3027,88118,976+8,9052.0
2018-12-0724,53819,098+5,4401.0
2018-12-1423,26019,166+4,0941.0
2018-12-2119,27917,866+1,4130.0
2018-12-2822,12520,847+1,2781.0
2019-01-0420,56722,882-2,315-1.0
2019-01-1120,22022,627-2,407-1.0
2019-01-1820,47623,381-2,9050.0
2019-01-2520,58025,017-4,437-2.0
2019-02-0118,32014,470+3,8501.0
2019-02-0822,09922,449-3500.0
2019-02-1524,06421,486+2,5781.0
2019-02-2225,96319,956+6,0071.0
2019-03-0128,39520,426+7,9692.0
2019-03-0828,15021,319+6,8312.0
2019-03-1526,26524,301+1,9640.0
2019-03-2224,75125,370-6190.0
2019-03-2924,82625,546-7200.0
2019-04-0523,09725,511-2,4140.0
2019-04-1224,36627,320-2,954-1.0
2019-04-1724,80526,449-1,644-1.0
2019-04-1823,55225,491-1,939-1.0
2019-04-2622,62325,697-3,074-1.0
2019-05-0317,71520,507-2,792-1.0
2019-05-1018,39826,573-8,175-2.0
2019-06-2118,82729,331-10,504-2.0
2019-06-2818,83428,631-9,797-2.0
2019-07-0517,37933,593-16,214-3.0
2019-07-1217,77433,354-15,580-4.0
2019-07-1919,53832,056-12,518-3.0
2019-07-2619,04330,816-11,773-3.0
2019-08-0219,32034,908-15,588-3.0
2019-08-0920,06636,222-16,156-4.0
2019-08-1618,34235,498-17,156-3.0
2019-08-2314,88027,721-12,841-4.0
2019-08-3018,37636,334-17,958-4.0
2019-09-0619,07833,484-14,406-3.0
2019-09-1312,33425,313-12,979-3.0
2019-09-2017,66329,866-12,203-3.0
2019-09-2718,14529,065-10,920-3.0
2019-10-0417,33630,574-13,238-3.0
2019-10-1117,13030,594-13,464-3.0
2019-10-1815,99127,796-11,805-3.0
2019-10-2519,09327,461-8,368-2.0
2019-11-0119,03528,320-9,285-2.0
2019-11-0821,70527,176-5,471-1.0
2019-11-1520,81429,725-8,911-2.0
2019-11-2922,90824,774-1,866-1.0
2019-12-0624,07924,274-1950.0
2019-12-1326,45522,842+3,6131.0
2019-12-2029,45623,128+6,3281.0
2019-12-2729,46822,723+6,7451.0
2020-01-0329,31023,698+5,6121.0
2020-01-1029,75524,322+5,4331.0
2020-01-1731,70224,776+6,9261.0
2020-01-2428,08224,714+3,3680.0
2020-01-3122,35326,678-4,325-1.0
2020-02-0720,01628,160-8,144-2.0
2020-02-1420,34030,033-9,693-2.0
2020-02-2119,57131,842-12,271-2.0
2020-02-2818,34535,866-17,521-4.0
2020-03-0618,10337,131-19,028-4.0
2020-03-1316,37633,572-17,196-4.0
2020-03-2016,27429,547-13,273-3.0
2020-03-2715,46327,433-11,970-2.0
2020-04-0314,47524,548-10,073-2.0
2020-04-0815,55323,760-8,207-2.0
2020-04-0915,54923,707-8,158-2.0
2020-04-1716,05322,873-6,820-2.0
2020-04-2417,67624,380-6,704-2.0
2020-05-0118,78522,707-3,922-1.0
2020-05-0720,12722,093-1,966-1.0
2020-05-1517,49622,705-5,209-2.0
2020-05-2216,84320,993-4,150-1.0
2020-05-2915,85819,776-3,918-1.0
2020-06-0516,99417,055-610.0
2020-06-1218,98915,761+3,2281.0
2020-06-1919,80915,154+4,6551.0
2020-06-2624,62213,852+10,7702.0
2020-07-0326,49611,963+14,5334.0
2020-07-1028,4039,473+18,9303.0
2020-07-1727,5327,384+20,1484.0
2020-07-2428,4876,028+22,4594.0
2020-07-3129,9006,302+23,5985.0
2020-08-0729,9625,274+24,6885.0
2020-08-1431,8275,495+26,3325.0
2020-08-2134,4955,592+28,9036.0
2020-08-2830,6595,729+24,9307.0
2020-09-0437,2417,556+29,6856.0
2020-09-1137,1427,536+29,6066.0
2020-09-1839,4169,133+30,2837.0
2020-09-2541,46110,381+31,0806.0
2020-10-0238,9729,645+29,3277.0
2020-10-0942,8359,413+33,4227.0
2020-10-1644,3329,399+34,9337.0
2020-10-2347,6899,515+38,1748.0
2020-10-3043,1188,624+34,4948.0
2020-11-0642,5597,716+34,8438.0
2020-11-1345,0257,169+37,8568.0
2020-11-2048,6679,796+38,8718.0
2020-11-2750,72810,007+40,7218.0
2020-12-0451,0218,714+42,30710.0
2020-12-1152,7808,945+43,83510.0
2020-12-1852,7099,707+43,0029.0
2020-12-2350,67010,186+40,4849.0
2020-12-2444,7337,590+37,1439.0

LME, Copper A Grade: all held reports, lots

All 75 held reports

Order: Report date, oldest first

2020-01-0329,31123,699+5,612444,4981.3
2020-01-1029,75624,323+5,433454,6091.2
2020-01-1731,70224,776+6,926471,1801.5
2020-01-2428,08324,714+3,368489,4580.7
2020-01-3122,35426,678-4,324490,999-0.9
2020-02-0720,01628,161-8,145511,332-1.6
2020-02-1420,34030,033-9,693515,255-1.9
2020-02-2119,57231,842-12,271483,292-2.5
2020-02-2818,34535,867-17,521486,653-3.6
2020-03-0618,10437,131-19,027479,938-4.0
2020-03-1316,37733,572-17,196466,297-3.7
2020-03-2016,27529,548-13,273461,091-2.9
2020-03-2715,46327,433-11,970468,550-2.6
2020-04-0314,47524,548-10,073458,663-2.2
2020-04-1716,05422,874-6,820444,163-1.5
2020-04-2417,67724,381-6,704450,792-1.5
2020-05-0118,78522,707-3,922455,439-0.9
2020-05-0720,12722,093-1,966432,925-0.5
2020-05-1517,49622,706-5,210445,252-1.2
2020-05-2216,84320,994-4,150431,624-1.0
2020-05-2915,85919,777-3,918435,911-0.9
2020-06-0516,99517,055-60433,848-0.0
2020-06-1218,98915,761+3,228450,8690.7
2020-06-1919,80915,155+4,655439,4731.1
2020-06-2624,62313,853+10,770430,6472.5
2020-07-0326,49611,964+14,533441,7873.3
2020-07-1028,4049,474+18,930478,6544.0
2020-07-1727,5337,384+20,148482,4384.2
2020-07-2428,4886,028+22,460487,8824.6
2020-07-3129,9006,302+23,598489,5854.8
2020-08-0729,9635,274+24,689480,2235.1
2020-08-1431,8285,496+26,332505,7305.2
2020-08-2134,4955,593+28,903488,4415.9
2020-08-2836,3035,890+30,413478,0696.4
2020-09-0437,2427,556+29,686485,2726.1
2020-09-1137,1437,536+29,607489,3586.1
2020-09-1839,4169,134+30,282475,5166.4
2020-09-2541,46210,382+31,080473,3766.6
2020-10-0238,9729,646+29,326428,5326.8
2020-10-0942,8359,414+33,422457,4417.3
2020-10-1644,3329,399+34,933455,9537.7
2020-10-2347,6899,516+38,174459,1378.3
2020-10-3043,1198,625+34,494452,7437.6
2020-11-1345,0267,170+37,856466,3818.1
2020-11-2048,6689,797+38,871476,7168.2
2020-11-2750,72810,008+40,721475,5708.6
2020-12-0451,0228,715+42,307454,4969.3
2020-12-1852,7099,708+43,001443,5349.7
2020-12-2450,89510,359+40,536440,2309.2
2020-12-3149,85810,116+39,741441,0009.0
2021-01-0852,51510,172+42,343441,5039.6
2021-01-1554,61410,620+43,994447,9549.8
2026-05-1569,10028,676+40,424468,8008.6
2026-05-2268,80230,747+38,055455,8088.3
2026-05-2969,81234,284+35,528458,9167.7
2026-06-0571,31831,395+39,922443,6999.0
2026-06-1262,85927,940+34,918431,1348.1
2026-06-1963,68328,817+34,866411,0168.5
2026-06-2653,74527,274+26,471400,4566.6
2026-07-0348,37325,282+23,091387,5436.0
2026-07-1051,14424,869+26,276387,8306.8
2026-07-1757,01425,948+31,066382,6698.1
2026-07-2462,80224,759+38,042391,9169.7
2026-07-3165,46024,735+40,725396,48110.3
2026-08-0773,47424,372+49,103422,11311.6
2026-08-1475,94623,640+52,305435,92312.0
2026-08-2171,89623,216+48,680429,28711.3
2026-08-2871,62923,314+48,316431,77311.2
2026-09-0470,67624,859+45,817421,86110.9
2026-09-1164,98524,402+40,582426,7969.5
2026-09-1865,50625,751+39,756421,2369.4
2026-09-2569,63525,139+44,495417,58910.7
2026-10-0262,20923,647+38,562411,0089.4
2026-10-0966,89126,176+40,715419,9939.7
2026-10-1658,36124,721+33,640417,4528.1

Sampled series: 75 of 358 Fridays in span are held (21 percent). Missing Fridays are missing at the source listing and are never filled.

Extremes, by venue

Venue and marketSpeculative netPercentile, full spanPercentile 1YBandPercentile 3YZ-score 52WHighest net, full spanDate of highLowest net, full spanDate of lowHeld spanChange, 4 intervalsChange, 13 intervals
CFTC, COPPER- #1+47,690851263-1.41 (52 obs)+125,3722017-09-05-75,1142019-08-062006-06-13 to 2026-10-20 (1063 obs)-34,832-23,825
London Metal Exchange, Copper A Grade+37,1439585951.16 (52 obs)+43,8352020-12-11-19,0282020-03-062018-02-09 to 2020-12-24 (148 obs)-5,164+7,816
LME, Copper A Grade+33,6406042--0.05 (52 obs)+52,3052026-08-14-19,0272020-03-062020-01-03 to 2026-10-16 (75 obs)-6,116+2,574

Percentiles and extremes are computed over the full held span printed in the Held span column, per the 2026-10-28 redesign. The 1Y and 3Y windows and the 52-week z-score print alongside for continuity. Windows are weekly reports for the CFTC, ICE, ESMA and LME rows; the LME windows count held reports only, because that series is sampled.

Bank block, CMX COPPER- #1

Report month2026-10
US bank net, contracts+11,996
US bank net, month change+4,794
Non-US bank net, contracts-30,316
Non-US bank net, month change+624
All-bank net, contracts-18,320
Agreement stateUS long, non-US short
Agreement states, last 12 monthsAgree long: 1, Agree short: 2, US long, non-US short: 9
US banks reporting5
Non-US banks reporting17

Full held history, CMX COPPER- #1, monthly

Order: Month, oldest first

2022-03+8,403+11,114+19,517Agree longsuppressedsuppressed
2022-04+8,645+10,175+18,820Agree longsuppressedsuppressed
2022-05+8,270+8,435+16,705Agree longsuppressedsuppressed
2022-06+15,784+10,334+26,118Agree longsuppressedsuppressed
2022-07+13,024+9,756+22,780Agree longsuppressedsuppressed
2022-08+13,106+8,857+21,963Agree longsuppressedsuppressed
2022-09+13,381+9,588+22,969Agree longsuppressedsuppressed
2022-10+12,656+9,024+21,680Agree longsuppressedsuppressed
2022-11+9,625+8,130+17,755Agree longsuppressedsuppressed
2022-12+10,756+8,983+19,739Agree longsuppressedsuppressed
2023-01+12,146+8,223+20,369Agree longsuppressedsuppressed
2023-02+16,112+11,218+27,330Agree longsuppressedsuppressed
2023-03+15,237+12,244+27,481Agree longsuppressedsuppressed
2023-04+15,029+11,352+26,381Agree longsuppressedsuppressed
2023-05+13,405+11,021+24,426Agree longsuppressedsuppressed
2023-06+10,881+9,970+20,851Agree longsuppressedsuppressed
2023-07+11,333+9,863+21,196Agree longsuppressedsuppressed
2023-08+11,586+10,783+22,369Agree longsuppressedsuppressed
2023-09+11,620+10,281+21,901Agree longsuppressedsuppressed
2023-10+12,016+11,779+23,795Agree longsuppressedsuppressed
2023-11+10,675+11,902+22,577Agree longsuppressedsuppressed
2023-12+10,605+11,562+22,167Agree longsuppressedsuppressed
2024-01+10,434+11,512+21,946Agree longsuppressedsuppressed
2024-02+11,719+11,705+23,424Agree longsuppressedsuppressed
2024-03+13,997+11,523+25,520Agree longsuppressedsuppressed
2024-04+20,500+10,918+31,418Agree longsuppressedsuppressed
2024-05+15,869+10,315+26,184Agree long414
2024-06+16,735+12,246+28,981Agree long412
2024-07+18,183+11,918+30,101Agree long412
2024-08+11,127+9,813+20,940Agree long511
2024-09+12,602+9,825+22,427Agree long416
2024-10+11,579+9,570+21,149Agree long414
2024-11+12,616+10,066+22,682Agree long415
2024-12+9,304+9,626+18,930Agree long414
2025-01+9,379+8,917+18,296Agree long414
2025-02+6,944+9,332+16,276Agree long414
2025-03+9,728+10,249+19,977Agree long412
2025-04+9,648+8,299+17,947Agree long413
2025-05+7,367+5,498+12,865Agree long415
2025-06+5,116+5,016+10,132Agree long413
2025-07+5,519+4,743+10,262Agree long413
2025-08+1,327+4,913+6,240Agree long413
2025-09+477+1,438+1,915Agree long414
2025-10+3,294+2,444+5,738Agree long515
2025-11+4,562+2,581+7,143Agree long415
2025-12+4,546-1,099+3,447US long, non-US short416
2026-01-688-2,188-2,876Agree short417
2026-02-4,101-2,804-6,905Agree short417
2026-03+545-4,396-3,851US long, non-US short516
2026-04+448-3,706-3,258US long, non-US short413
2026-05+4,894-5,575-681US long, non-US short414
2026-06+6,302-11,936-5,634US long, non-US short417
2026-07+6,931-19,112-12,181US long, non-US short415
2026-08+5,140-22,065-16,925US long, non-US short517
2026-09+7,202-30,940-23,738US long, non-US short518
2026-10+11,996-30,316-18,320US long, non-US short517

Bank block, CMX COPPER-GRADE #1

Report month2022-02
US bank net, contracts+6,932
US bank net, month change+415
Non-US bank net, contracts+9,799
Non-US bank net, month change+1,425
All-bank net, contracts+16,731
Agreement stateAgree long
Agreement states, last 12 monthsAgree long: 12
US banks reportingsuppressed
Non-US banks reportingsuppressed

Full held history, CMX COPPER-GRADE #1, monthly

Order: Month, oldest first

2013-11+13,975+3,257+17,232Agree longsuppressedsuppressed
2013-12+13,133+973+14,106Agree longsuppressedsuppressed
2014-01+7,849+2,837+10,686Agree longsuppressedsuppressed
2014-02+11,350+985+12,335Agree longsuppressedsuppressed
2014-03+11,840+1,748+13,588Agree longsuppressedsuppressed
2014-04+13,107+1,456+14,563Agree longsuppressedsuppressed
2014-05+14,059+1,421+15,480Agree longsuppressedsuppressed
2014-06+14,010+3,071+17,081Agree longsuppressedsuppressed
2014-07+14,982+3,224+18,206Agree longsuppressedsuppressed
2014-08+14,935+3,012+17,947Agree longsuppressedsuppressed
2014-09+15,449+1,474+16,923Agree longsuppressedsuppressed
2014-10+16,354+985+17,339Agree longsuppressedsuppressed
2014-11+15,470+264+15,734Agree longsuppressedsuppressed
2014-12+15,777+3,998+19,775Agree longsuppressedsuppressed
2015-01+15,387+3,012+18,399Agree longsuppressedsuppressed
2015-02+15,792+3,326+19,118Agree longsuppressedsuppressed
2015-03+17,265+6,019+23,284Agree longsuppressedsuppressed
2015-04+16,937+6,336+23,273Agree longsuppressedsuppressed
2015-05+14,407+5,847+20,254Agree longsuppressedsuppressed
2015-06+14,931+5,122+20,053Agree longsuppressedsuppressed
2015-07+5,966+7,365+13,331Agree longsuppressedsuppressed
2015-08+6,373+7,010+13,383Agree longsuppressedsuppressed
2015-09+6,342+4,479+10,821Agree longsuppressedsuppressed
2015-10+5,750+10,996+16,746Agree longsuppressedsuppressed
2015-11+5,893+14,995+20,888Agree long411
2015-12+5,899+12,336+18,235Agree long410
2016-01+6,596+11,059+17,655Agree long410
2016-02+6,941+11,199+18,140Agree long49
2016-03+7,893+11,653+19,546Agree long410
2016-04+8,786+12,769+21,555Agree long410
2016-05+8,029+12,931+20,960Agree long411
2016-06+8,736+10,344+19,080Agree long411
2016-07+7,944+4,399+12,343Agree long49
2016-08+7,895+12,997+20,892Agree long413
2016-09+6,890+11,130+18,020Agree long411
2016-10+7,001+13,061+20,062Agree long411
2016-11+7,105+13,119+20,224Agree long413
2016-12+7,585+10,975+18,560Agree long413
2017-01+7,297+11,490+18,787Agree long415
2017-02+7,379+11,084+18,463Agree longsuppressedsuppressed
2017-03+6,526+11,954+18,480Agree longsuppressedsuppressed
2017-04+6,191+10,485+16,676Agree longsuppressedsuppressed
2017-05+6,482+8,590+15,072Agree longsuppressedsuppressed
2017-06+5,752+3,871+9,623Agree longsuppressedsuppressed
2017-07+6,155+7,067+13,222Agree long416
2017-08+6,338+7,444+13,782Agree long416
2017-09+5,634+5,691+11,325Agree long414
2017-10+5,238+4,646+9,884Agree long415
2017-11+5,582+5,128+10,710Agree long415
2017-12+5,434+4,450+9,884Agree long413
2018-01+4,433+5,596+10,029Agree long411
2018-02+4,812+6,721+11,533Agree long512
2018-03+3,861+8,531+12,392Agree long414
2018-04+4,259+8,054+12,313Agree long416
2018-05+3,839+7,542+11,381Agree longsuppressedsuppressed
2018-06+4,083+8,060+12,143Agree longsuppressedsuppressed
2018-07+4,406+9,938+14,344Agree longsuppressedsuppressed
2018-08+4,440+8,121+12,561Agree longsuppressedsuppressed
2018-09+4,280+8,330+12,610Agree long414
2018-10+4,218+7,304+11,522Agree long413
2018-11+4,565+8,859+13,424Agree long413
2018-12+4,406+8,983+13,389Agree long410
2019-01+4,467+9,297+13,764Agree long412
2019-02+5,038+10,116+15,154Agree long411
2019-03+4,885+9,716+14,601Agree long415
2019-04+4,482+9,671+14,153Agree long413
2019-05+3,903+8,363+12,266Agree longsuppressedsuppressed
2019-06+3,404+8,790+12,194Agree long412
2019-07+3,039+11,790+14,829Agree longsuppressedsuppressed
2019-08+3,743+10,597+14,340Agree longsuppressedsuppressed
2019-09+3,198+10,002+13,200Agree longsuppressedsuppressed
2019-10+3,053+9,932+12,985Agree longsuppressedsuppressed
2019-11+2,695+10,854+13,549Agree longsuppressedsuppressed
2019-12+3,330+11,173+14,503Agree longsuppressedsuppressed
2020-01+3,369+11,652+15,021Agree longsuppressedsuppressed
2020-02+4,004+12,038+16,042Agree long414
2020-03+3,323+9,813+13,136Agree longsuppressedsuppressed
2020-04+2,560+9,136+11,696Agree longsuppressedsuppressed
2020-05+2,920+8,610+11,530Agree longsuppressedsuppressed
2020-06+3,465+8,595+12,060Agree longsuppressedsuppressed
2020-07+3,837+7,077+10,914Agree longsuppressedsuppressed
2020-08+3,666+6,767+10,433Agree longsuppressedsuppressed
2020-09+4,138+7,019+11,157Agree longsuppressedsuppressed
2020-10+4,926+10,199+15,125Agree longsuppressedsuppressed
2020-11+4,280+10,589+14,869Agree longsuppressedsuppressed
2020-12+4,159+10,961+15,120Agree longsuppressedsuppressed
2021-01+3,534+10,784+14,318Agree longsuppressedsuppressed
2021-02+3,554+8,106+11,660Agree longsuppressedsuppressed
2021-03+3,790+10,340+14,130Agree longsuppressedsuppressed
2021-04+4,606+8,616+13,222Agree longsuppressedsuppressed
2021-05+4,959+9,114+14,073Agree longsuppressedsuppressed
2021-06+4,220+9,970+14,190Agree longsuppressedsuppressed
2021-07+5,588+10,073+15,661Agree longsuppressedsuppressed
2021-08+4,332+10,009+14,341Agree longsuppressedsuppressed
2021-09+5,072+9,334+14,406Agree longsuppressedsuppressed
2021-10+5,338+8,639+13,977Agree longsuppressedsuppressed
2021-11+6,203+9,407+15,610Agree longsuppressedsuppressed
2021-12+6,409+8,314+14,723Agree longsuppressedsuppressed
2022-01+6,517+8,374+14,891Agree longsuppressedsuppressed
2022-02+6,932+9,799+16,731Agree longsuppressedsuppressed

Bank positions are facilitation and hedge books reported on Form 40, not proprietary views. A bank count under four is suppressed by the CFTC and prints as suppressed, never zero.

China member rankings

SHFE (Shanghai) member rankings, Copper (CU)

Not yet held: the SHFE harvest is in progress and no tidy dataset has landed. This block fills automatically when the dataset is built.

Price, as held by the site

Latest price6.68 $/lb
Observations held23
Price windowThe site's market tables hold about one month of daily observations; no longer price history is held for this commodity.
Position and publication datesPosition dates print per venue above; this price is the latest market-table value and is not aligned to any position date.

The price panel prints only where the site already holds the series, and it is not merged with the positioning panels: positioning is dated Tuesday or Friday and published later, so the two series are not contemporaneous.

In this section

Commodities, Metals
Commodities by sector
Positioning

Coverage and method

The ESMA LME line ends in December 2020 at Brexit. The Shanghai leg joins when the SHFE dataset lands.

Sector: Metals, Base metals. Units print per row and are never converted. Category definitions are each source's own. Pages render the current corrected vintage of each source; first-release vintages are not kept. An extreme reading is a condition of crowding, not a buy or sell signal.