LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 29.05.1997.
CASH OD CASH DO 3 MJE OD 3 MJEDO NAGODBA
BAKAR USD/T 2607.0 2608.0 2531.0 2531.5 2608
KOSITAR USD/T 5552 5554 5605 5610 5554
OLOVO USD/T 629.00 629.50 637.00 638.00 629.5
CINK USD/T 1336.5 1337.5 1358.0 1358.5 1337.5
ALUMIN. USD/T 1611.0 1612.0 1629.5 1630.0 1612
NIKAL USD/T 7190 7191 7303 7304 7191
AL.LEG. USD/T 1470.0 1475.0 1496.0 1497.0 1475
VALUTE ODNOS
USD/DEM 1.7022
GBP/USD 1.6389
LME aluminium dips, tin at six-week low
LONDON, May 29 (Reuter) - LME aluminium gave back the
previous day's gains on Thursday morning, deepening its recent
losses, while copper edged off its highs.
Most other metals were softer, with tin crumbling to its
lowest level in six weeks.
Three months copper skated up to $2,537 on the pre-market,
helped by a hefty 3,550 tonne stocks draw, but wandered back
down to end the morning kerb $2 lower at $2,529.
Some traders have been perplexed that the market has failed
to correct since a bull run started nearly a month ago.
"People keep going short, but there's no follow-through. I
think we're going to have to wait until next week, the start of
a new month, before we see some genuine selling come in,"
But others said that copper was likely to maintain higher
levels in the short-term despite its overbought situation due to
supply problem.
The 14-day RSI -- at 76 on Thursday -- has remained for two
weeks above 70, the point regarded by chartists as overbought.
"It is tight, genuinely tight. I'm surprised the spreads
didn't do more today," a floor trader said.
The premium of cash over three months metal ended the
morning kerb slightly narrower at $70/$75. Most of the steam is
in the July/August spread, which was at a $45 backwardation. In
contrast, the nearby dates were calm, with the cash/June spread
trading at a $3 contango.
Stocks should continue to fall over the next several weeks,
and may well approach the 100,000 mark by the June date, a
trader said. But come July, they may start rising as summer
kicks in.
Total LME copper stocks were down to 133,025 tonnes on
Thursday.
Aluminium gave up Wednesday's gains, continuing its
downtrend since hitting $1,679 on May 12.
Since the market only popped up on Wednesday on the back of
copper, it was vulnerable to any slippage, analysts said.
The market dipped to $1,624, where it found support from the
100-day moving average, finishing the kerb $18 weaker at $1,627.
The next key support level was pegged at $1,610, last
Friday's low.
Tin slipped to the lowest level in about six weeks after
stocks rose by 400 tonnes. Prices equallled the April 11 low of
$5,600 and finished the morning there, a loss of $65.
Last week's failed upside break and rising stocks have cast
a bearish pall over the market, analysts said. Last week stocks
rose by 380 tonnes.
Nickel held in a narrow range after the recent declines,
finding a floor at $7,270 support.
The market was keenly eyeing Inco labour talks ahead of the
Sudbury labour contract expiry on May 31, and the outcome may
give the market further direction.
Light support was pegged at $7,270, with an important area
at the $7,110 low of April 14.
Zinc and lead were rangebound, shedding $3 to $1,357 and $4
to $637 respectively. Alloy dipped $10 to $1,495/500.
FRANCUSKA BURZA - 28. svibnja 1997. - burza nije radila
BAKAR FFR/100 KG 1546
KOSITAR FFR/100 KG 3849
CINK EL. FFR/100 KG 838
ALUMINIJ FFR/100 KG 1260
SREB. C3E FFR/KG 836/985
PLATINA FFR/KG 65400/95900
PALADIJ FFR/KG 31800/40200
IRIDIJ FFR/KG 23000/45500
KOBALT FFR/100 KG 35832
ŽIVA FFR/100 KG 5200
NJEMAČKA BURZA - 14. svibnja 1997. - u DEM po 100 kg
GERMAN ELEKTROLITIK 426.31/437.94
OLOVO U KABELIMA 99.94% 118.25/119.25
291608 MET may 97
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