📁 Archived briefing (14 August 2026) — read today's intel →

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3 Aug 2026
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Transformer Material Rates (LME / market)
LME Copper — spot
$14,285 / t
▼ cash settlement $14,285.00/t on Thu 13 Aug 2026, down $91.00 (−0.63%) from $14,376.00 on 12 Aug — a second consecutive easing but still only $170 below the 2026 peak of $14,455.00 (6 Aug). 3-month $14,082.00/t (backwardated $203). LME stocks 207,725 t, −4,400 t d/d and −44.7% from the 1 January peak.
LME copper cash-settlement was $14,285.00/t on Thu 13 Aug 2026 (3-month $14,082.00/t), down $91.00 (−0.63%) from $14,376.00/t on 12 Aug — a second consecutive easing but still only $170 below the 2026 peak of $14,455.00 (6 Aug). LME stocks drew a further 4,400 t to 207,725 t, now −44.7% from the 1 January peak. Source: LME cash-settlement (13 Aug 2026).
LME Aluminium — spot
$3,279 / t
▼ cash settlement $3,279.00/t on Thu 13 Aug 2026, down $28.50 (−0.86%) from $3,307.50 on 12 Aug; 3-month $3,275.00/t — the contango has flipped to a $4 backwardation. Stocks 250,000 t (−1,700 t d/d). Cu/Al ratio 4.36.
LME aluminium cash-settlement was $3,279.00/t on Thu 13 Aug 2026 (3-month $3,275.00/t), down $28.50 (−0.86%) from $3,307.50/t on 12 Aug as the contango flipped to a small backwardation. Stocks drew to 250,000 t (−1,700 t on the day). Cu/Al ratio 4.36 — the widest spec-switch window of the year. Source: LME cash-settlement (13 Aug 2026).
Transformer mineral oil (drum)
~$1.30–1.70 / L
— stable
Inhibited naphthenic insulating oil, GCC delivered indicative band. No new market report this cycle.
Natural ester (bio) fluid
~$4.50–6.50 / L
— stable
FR3-class ester, indicative band. No new market report this cycle.