CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 25.02.1997. CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 2430.0/35.0 2364.0/66.0 2100.0/10.0 2035.0/45.0 2435 (STG EQV) 1487.39 1447.77 TIN 5925/5930 5985/5990 6075/6085 5930 LEAD 661.50/2.00 670.00/0.50 667.00/2.00 662 (STG EQV) 404.37 410.28 ZINC 1195.0/95.5 1217.0/17.5 1215.0/20.0 1195.0/00.0 1195.5 ALU.HG 1628.5/29.0 1658.0/58.5 1648.0/53.0 1610.0/15.0 1629 NICKEL 7961/7962 8060/8061 8235/8255 8390/8410 7962 ALALLOY 1535.0/40.0 1555.0/60.0 1610.0/30.0 1540 SETTLEMENT RATES - GBP 1.6371 DEM 1.6748 JPY 121.8 LME aluminium, nickel lose momentum after rallies LONDON, Feb 25 (Reuter) - LME nickel and aluminium slipped off fresh peaks by midday on Tuesday as recent rallies lost steam. Copper also encountered a limited upside as a hefty volume of trade selling entered the market. Nickel touched a fresh nine-month peak of $8,120 ahead of ring trading on speculative buying after stocks fell by 66 tonnes, but the market quickly grew dizzy and slid back in ring business on trade selling. The market ended the morning $15 weaker at $8,070 per tonne. Prices have been boosted by fears about Russian supply disruptions if unhappy workers at Norilsk Nickel who have not been paid decide to go on strike. In addition, general consumer buying has been seen for second quarter purchases to lock in the nickel component ahead of proposed March price rises in stainless steel, analyst Larry Kaplan of Flemings Global Mining Group said. "Nickel scrap currently remains tight and rumours are also popping up from good sources suggesting that the Russians are likely to consume more nickel domestically this year," Kaplan added in a commentary. Analysts say prices should find good support at $8,000, Monday's break-out point. The next upside target is $8,200, the high of mid-May 1996. Aluminium edged higher on the pre-market -- after stocks fell by a greater-than-expected 6,975 tonnes -- to a fresh nine-month high of $1,663. But producer forward selling overwhelmed fund buying and the market ended the afternoon kerb at $1,658, a gain of $4. Most traders and anaysts were positive about the market, but some believed it needed a brief correction before managing to break above the next target of $1,680, the high of May 1996. "We've had a good run, but I think it's done enough for now. We'll probably pull back to $1,645, which wouldn't be bad, and get rid of the weak longs," a floor trader said. Copper touched the $2,375 chart point ahead of ring trading but did not have enough steam to revisit Monday's fresh high of $2,385. Floor traders said over 1,000 lots were sold by an influential trade quarter, giving a softer texture to prices, which ended the kerb slightly weaker at $2,368, down $5. But with tight dates coming in April and the market still in backwardation, few expect much significant weakness and chartists are still targetting $2,450. The cash/threes spread was slightly narrower, indicated at a $65/75 backwardation. The other metals kept to tight anges, ending barely changed. Zinc and lead shed $1 to finish at $1,217 and $670 respectively, while tin lost $15 to end at $5,970. Alloy was quiet, last indicated at $1,555/60 versus $1,560. Londonska burza kovina - zalihe kovina - u tonama COPPER 220050 DOWN 2450 TIN 10050 UP 20 LEAD 108475 DOWN 575 ZINC 475200 DOWN 1400 ALUMINIUM 901250 DOWN 6975 NICKEL 45750 DOWN 66 AL.ALLOY 73400 UP 140 STOCK IN OUT COPPER wire bars 100 0 0 COPPER cathodes 219950 750 3200 TIN 10050 100 80 LEAD 108475 0 575 ZINC 475200 100 1500 NICKEL briquettes 4122 0 0 NICKEL cathodes 41592 24 90 NICKEL pellets 36 0 0 ALUMINIUM ingots 389575 0 3450 ALUMINIUM T-bars 335650 1275 4400 ALUMINIUM sows 176025 0 400 AL.ALLOY D12S/JIS 500 0 0 AL.ALLOY 226/DIN 43560 500 280 AL.ALLOY A380.1 29340 0 80 251528 MET feb 97