Published daily, the futures banding report shows the number of market participants holding futures positions as a percentage of Market Open Interest.
The report is displayed by contract (including LMEX), by long and short position, by prompt date. This is indicated below as M1, M2 and M3 representing the three nearby third Wednesdays, or second Wednesday in the case of LMEX contracts.
The positions are broken down into five banding groups in terms of the size of the positions as a percentage of Market Open Interest for that particular third Wednesday prompt date: 5-<10%,><20%,><30%,><40%, 40%="">.
Note that M1, M2 and M3 represent the three nearby third Wednesday prompts. Each of them roll on the Monday before the third Wednesday.