Lead positioning

Investment funds net +4,967 lots at London Metal Exchange, positions as of 24 Dec 2020.

London Metal Exchange	Lead	Investment funds	24 Dec 2020
LME	Lead	Investment funds	16 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.

Venue	Report	Category	Net	Change, interval	Net % of OI	Percentile, full span	Unit	Position date
London Metal Exchange	Lead	Investment funds	+4,967	-2,529	3.0	-	lots	2020-12-24
LME	Lead	Investment funds	-33,466	-1,446	-12.3	3	lots	2026-10-16

London Metal Exchange, Lead: investment funds net as % of open interest

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

LME, Lead: investment funds net, held reports only

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.

London Metal Exchange, Lead: full held history, lots

All 148 held reports

Order: Report date, oldest first


2018-02-09	8,688	4,312	+4,376	4.0
2018-02-16	9,436	4,802	+4,634	3.0
2018-02-23	8,300	4,910	+3,390	3.0
2018-03-02	6,586	4,638	+1,948	1.0
2018-03-09	6,877	4,250	+2,627	2.0
2018-03-16	7,290	3,824	+3,466	3.0
2018-03-23	8,024	4,285	+3,739	2.0
2018-03-28	8,778	4,298	+4,480	3.0
2018-04-06	8,642	4,158	+4,484	3.0
2018-04-13	7,400	5,146	+2,254	2.0
2018-04-20	6,791	4,847	+1,944	2.0
2018-04-27	6,796	4,406	+2,390	2.0
2018-05-04	6,673	4,713	+1,960	2.0
2018-05-11	7,306	5,402	+1,904	2.0
2018-05-18	8,053	5,278	+2,775	1.0
2018-05-25	9,380	4,689	+4,691	3.0
2018-06-01	8,406	4,903	+3,503	2.0
2018-06-08	8,213	4,273	+3,940	2.0
2018-06-15	10,611	5,468	+5,143	3.0
2018-06-22	8,868	4,897	+3,971	3.0
2018-06-29	9,879	5,173	+4,706	3.0
2018-07-06	10,309	5,213	+5,096	4.0
2018-07-13	7,893	5,988	+1,905	2.0
2018-07-20	7,194	7,116	+78	0.0
2018-07-27	3,130	4,330	-1,200	-2.0
2018-08-03	7,161	7,187	-26	0.0
2018-08-10	6,675	7,455	-780	-1.0
2018-08-17	7,535	8,260	-725	-1.0
2018-08-24	6,794	7,208	-414	0.0
2018-08-31	4,245	4,756	-511	0.0
2018-09-07	3,778	4,814	-1,036	-1.0
2018-09-14	4,577	3,777	+800	1.0
2018-09-21	7,523	7,775	-252	0.0
2018-09-28	7,860	8,770	-910	-1.0
2018-10-05	8,173	10,189	-2,016	-2.0
2018-10-12	8,624	9,819	-1,195	0.0
2018-10-19	8,982	9,139	-157	0.0
2018-10-26	6,577	7,598	-1,021	-1.0
2018-11-02	9,369	9,494	-125	-1.0
2018-11-09	8,775	11,324	-2,549	-2.0
2018-11-16	8,502	12,045	-3,543	-3.0
2018-11-23	8,812	12,519	-3,707	-3.0
2018-11-30	8,893	11,028	-2,135	-2.0
2018-12-07	8,717	10,736	-2,019	-2.0
2018-12-14	8,363	11,127	-2,764	-2.0
2018-12-21	7,186	9,617	-2,431	-2.0
2018-12-28	8,531	7,716	+815	1.0
2019-01-04	7,933	8,615	-682	0.0
2019-01-11	7,832	9,102	-1,270	-1.0
2019-01-18	8,478	11,196	-2,718	-2.0
2019-01-25	8,605	8,728	-123	0.0
2019-02-01	8,027	7,527	+500	1.0
2019-02-08	7,237	8,044	-807	-1.0
2019-02-15	7,856	8,050	-194	0.0
2019-02-22	7,802	7,852	-50	1.0
2019-03-01	8,713	5,018	+3,695	3.0
2019-03-08	8,320	5,734	+2,586	2.0
2019-03-15	7,681	7,595	+86	0.0
2019-03-22	8,111	8,507	-396	0.0
2019-03-29	8,051	10,663	-2,612	-2.0
2019-04-05	8,568	10,891	-2,323	-1.0
2019-04-12	9,897	12,243	-2,346	-2.0
2019-04-17	9,297	10,584	-1,287	-1.0
2019-04-18	9,328	10,248	-920	-1.0
2019-04-26	8,736	10,237	-1,501	-1.0
2019-05-03	8,315	10,817	-2,502	-3.0
2019-05-10	8,097	11,602	-3,505	-2.0
2019-06-21	9,167	10,281	-1,114	-1.0
2019-06-28	9,213	10,094	-881	-1.0
2019-07-05	9,516	10,927	-1,411	-1.0
2019-07-12	9,300	9,326	-26	0.0
2019-07-19	10,821	7,539	+3,282	2.0
2019-07-26	11,902	6,730	+5,172	4.0
2019-08-02	10,559	8,922	+1,637	1.0
2019-08-09	10,493	7,341	+3,152	3.0
2019-08-16	10,357	6,815	+3,542	2.0
2019-08-23	10,256	6,220	+4,036	4.0
2019-08-30	10,551	6,166	+4,385	3.0
2019-09-06	9,909	5,972	+3,937	2.0
2019-09-13	6,640	3,404	+3,236	3.0
2019-09-20	10,637	3,468	+7,169	5.0
2019-09-27	10,998	5,317	+5,681	4.0
2019-10-04	11,796	4,850	+6,946	4.0
2019-10-11	12,075	5,259	+6,816	4.0
2019-10-18	12,804	4,112	+8,692	6.0
2019-10-25	14,838	3,919	+10,919	7.0
2019-11-01	15,237	4,280	+10,957	7.0
2019-11-08	15,659	4,000	+11,659	7.0
2019-11-15	13,000	4,559	+8,441	6.0
2019-11-29	10,805	5,163	+5,642	4.0
2019-12-06	10,538	5,863	+4,675	4.0
2019-12-13	10,407	5,992	+4,415	2.0
2019-12-20	10,120	6,389	+3,731	3.0
2019-12-27	10,385	6,836	+3,549	3.0
2020-01-03	10,730	7,235	+3,495	2.0
2020-01-10	11,481	8,179	+3,302	2.0
2020-01-17	12,523	7,597	+4,926	3.0
2020-01-24	12,262	6,923	+5,339	4.0
2020-01-31	11,683	8,239	+3,444	2.0
2020-02-07	12,037	10,641	+1,396	1.0
2020-02-14	11,144	11,269	-125	0.0
2020-02-21	12,157	12,738	-581	-1.0
2020-02-28	11,783	13,475	-1,692	-1.0
2020-03-06	11,839	14,161	-2,322	-1.0
2020-03-13	9,094	12,263	-3,169	-2.0
2020-03-20	6,716	9,430	-2,714	-2.0
2020-03-27	5,734	8,644	-2,910	-2.0
2020-04-03	5,508	8,936	-3,428	-2.0
2020-04-08	5,580	8,532	-2,952	-2.0
2020-04-09	5,595	8,291	-2,696	-2.0
2020-04-17	5,640	8,444	-2,804	-2.0
2020-04-24	5,396	9,189	-3,793	-2.0
2020-05-01	5,659	9,503	-3,844	-3.0
2020-05-07	5,629	10,395	-4,766	-3.0
2020-05-15	5,950	10,103	-4,153	-3.0
2020-05-22	6,668	9,876	-3,208	-2.0
2020-05-29	6,640	8,200	-1,560	-1.0
2020-06-05	6,848	7,305	-457	-1.0
2020-06-12	6,258	6,858	-600	0.0
2020-06-19	6,591	5,984	+607	0.0
2020-06-26	6,902	6,638	+264	1.0
2020-07-03	6,601	6,424	+177	0.0
2020-07-10	7,079	4,936	+2,143	2.0
2020-07-17	6,661	4,080	+2,581	1.0
2020-07-24	5,860	4,713	+1,147	1.0
2020-07-31	5,610	5,073	+537	1.0
2020-08-07	5,858	5,872	-14	0.0
2020-08-14	6,318	5,984	+334	0.0
2020-08-21	6,838	5,541	+1,297	0.0
2020-08-28	7,045	5,288	+1,757	2.0
2020-09-04	7,562	5,707	+1,855	1.0
2020-09-11	7,538	6,258	+1,280	1.0
2020-09-18	7,110	6,431	+679	1.0
2020-09-25	7,558	9,021	-1,463	-1.0
2020-10-02	7,049	10,709	-3,660	-3.0
2020-10-09	6,984	11,238	-4,254	-3.0
2020-10-16	6,910	11,194	-4,284	-3.0
2020-10-23	7,851	11,550	-3,699	-3.0
2020-10-30	8,194	10,626	-2,432	-2.0
2020-11-06	7,840	8,445	-605	-1.0
2020-11-13	9,473	6,696	+2,777	2.0
2020-11-20	10,273	3,367	+6,906	5.0
2020-11-27	13,090	3,278	+9,812	6.0
2020-12-04	13,079	4,426	+8,653	5.0
2020-12-11	14,066	4,224	+9,842	7.0
2020-12-18	14,001	4,808	+9,193	6.0
2020-12-23	12,497	5,001	+7,496	5.0
2020-12-24	8,854	3,887	+4,967	3.0

LME, Lead: all held reports, lots

All 78 held reports

Order: Report date, oldest first


2020-01-03	10,731	7,235	+3,496	143,589	2.4
2020-01-10	11,482	8,179	+3,303	150,743	2.2
2020-01-17	12,523	7,597	+4,926	149,746	3.3
2020-01-24	12,263	6,924	+5,339	151,507	3.5
2020-01-31	11,683	8,240	+3,443	159,215	2.2
2020-02-07	12,037	10,641	+1,396	160,541	0.9
2020-02-14	11,145	11,269	-125	163,709	-0.1
2020-02-21	12,157	12,739	-582	155,820	-0.4
2020-02-28	11,784	13,475	-1,692	160,341	-1.1
2020-03-06	11,840	14,161	-2,322	159,260	-1.5
2020-03-13	9,095	12,263	-3,169	152,406	-2.1
2020-03-20	6,716	9,430	-2,714	154,327	-1.8
2020-03-27	5,734	8,644	-2,910	155,558	-1.9
2020-04-03	5,508	8,936	-3,428	155,950	-2.2
2020-04-09	5,595	8,291	-2,696	151,598	-1.8
2020-04-17	5,641	8,444	-2,803	152,519	-1.8
2020-04-24	5,396	9,190	-3,793	155,407	-2.4
2020-05-01	5,660	9,504	-3,844	157,072	-2.4
2020-05-07	5,630	10,396	-4,766	149,070	-3.2
2020-05-15	5,951	10,104	-4,153	153,337	-2.7
2020-05-22	6,669	9,876	-3,208	147,019	-2.2
2020-05-29	6,640	8,201	-1,561	148,574	-1.1
2020-06-05	6,848	7,306	-458	140,801	-0.3
2020-06-12	6,259	6,859	-600	142,294	-0.4
2020-06-19	6,591	5,985	+607	136,750	0.4
2020-06-26	6,902	6,638	+264	131,136	0.2
2020-07-03	6,602	6,424	+178	136,700	0.1
2020-07-10	7,080	4,936	+2,144	140,068	1.5
2020-07-17	6,661	4,080	+2,581	136,338	1.9
2020-07-24	5,860	4,713	+1,147	135,790	0.8
2020-07-31	5,611	5,073	+538	139,093	0.4
2020-08-07	5,859	5,872	-13	137,578	-0.0
2020-08-14	6,318	5,984	+334	145,195	0.2
2020-08-21	6,838	5,541	+1,297	140,658	0.9
2020-08-28	7,141	5,891	+1,250	140,518	0.9
2020-09-04	7,562	5,707	+1,855	138,580	1.3
2020-09-11	7,539	6,258	+1,281	139,861	0.9
2020-09-18	7,111	6,431	+680	132,669	0.5
2020-09-25	7,559	9,022	-1,463	134,563	-1.1
2020-10-02	7,049	10,710	-3,661	129,655	-2.8
2020-10-09	6,984	11,238	-4,254	138,575	-3.1
2020-10-16	6,910	11,194	-4,284	146,492	-2.9
2020-10-23	7,852	11,551	-3,699	142,860	-2.6
2020-10-30	8,195	10,627	-2,432	142,928	-1.7
2020-11-06	7,840	8,446	-606	139,514	-0.4
2020-11-13	9,473	6,696	+2,777	142,268	2.0
2020-11-20	10,273	3,367	+6,906	141,317	4.9
2020-11-27	13,091	3,278	+9,813	146,478	6.7
2020-12-04	13,080	4,426	+8,654	146,463	5.9
2020-12-11	14,067	4,224	+9,843	152,913	6.4
2020-12-18	14,002	4,808	+9,194	142,723	6.4
2020-12-24	12,257	5,123	+7,134	139,376	5.1
2020-12-31	12,209	4,917	+7,292	139,870	5.2
2021-01-08	12,817	4,892	+7,925	141,290	5.6
2021-01-15	13,292	4,912	+8,380	141,271	5.9
2026-05-15	40,906	42,195	-1,290	259,989	-0.5
2026-05-22	38,775	43,430	-4,654	237,985	-2.0
2026-05-29	40,089	41,361	-1,273	237,218	-0.5
2026-06-05	39,575	37,390	+2,185	231,513	0.9
2026-06-12	37,143	44,200	-7,057	249,730	-2.8
2026-06-19	37,438	44,194	-6,756	239,846	-2.8
2026-06-26	34,575	51,427	-16,852	243,478	-6.9
2026-07-03	39,574	59,128	-19,555	258,523	-7.6
2026-07-10	39,521	58,707	-19,185	266,503	-7.2
2026-07-17	37,893	58,870	-20,976	258,421	-8.1
2026-07-24	38,848	57,482	-18,634	263,014	-7.1
2026-07-31	38,946	57,207	-18,260	269,463	-6.8
2026-08-07	37,188	58,085	-20,897	268,193	-7.8
2026-08-14	40,539	60,957	-20,418	261,272	-7.8
2026-08-21	34,656	58,372	-23,717	240,733	-9.9
2026-08-28	33,228	57,661	-24,433	243,909	-10.0
2026-09-04	32,690	56,866	-24,176	238,497	-10.1
2026-09-11	33,442	59,234	-25,792	247,723	-10.4
2026-09-18	41,949	67,099	-25,150	266,316	-9.4
2026-09-25	46,301	68,256	-21,955	267,062	-8.2
2026-10-02	41,654	75,247	-33,593	270,354	-12.4
2026-10-09	38,582	70,602	-32,020	268,472	-11.9
2026-10-16	33,791	67,257	-33,466	271,027	-12.3

Sampled series: 78 of 359 Fridays in span are held (22 percent). Missing Fridays are missing at the source listing and are never filled.

Extremes, by venue

Venue and market	Speculative net	Percentile, full span	Percentile 1Y	Band	Percentile 3Y	Z-score 52W	Highest net, full span	Date of high	Lowest net, full span	Date of low	Held span	Change, 4 intervals	Change, 13 intervals
London Metal Exchange, Lead	+4,967	86	87		86	1.17 (52 obs)	+11,659	2019-11-08	-4,766	2020-05-07	2018-02-09 to 2020-12-24 (148 obs)	-3,686	+8,627
LME, Lead	-33,466	3	4		-	-2.11 (52 obs)	+9,843	2020-12-11	-33,593	2026-10-02	2020-01-03 to 2026-10-16 (78 obs)	-8,316	-12,490

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.

China member rankings

SHFE (Shanghai) member rankings, Lead (PB)

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

In this section

Commodities, Metals

Commodities by sector

Positioning

Coverage and method

No CFTC lead market of size is held.

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.