CIJENE PAMUKA U LIVERPOOLU

Liverpool pamuk - indikacije - 28. svibnja 1997. ________________________________________________________________ INDEX 95/96 "A" 80,05 - ( 79,30) PRIJE INDEX 95/96 "B" 78,60 - ( 77,90) PRIJE _________________________________________________________________ Liverpool pamuk - isporuke - 28. svibnja 1997. U Američkim cenrtima po libri _________________________________________________________________ AMER N.O/TEXAS MIDD 1-1/32(96/97) Lip/srp 78.00 AMER MEMPHIS TERR. MIDD 1-3/32(96/97) Lip/srp 81.50 S.BRAZILIAN TYPE 5/6 1-1/16(96/97) ------ nije navedeno PARAGUAYAN MIDD 1-3/32(96/97) ------ nije navedeno ARGENTINE GRD C-1/2 1-1/16(96/97) Lip/srp 82.50 TURK ADANA STD.1 1-1/16(96/97) ------ nije navedeno TURK IZMIR/ANT ST.1 1-3/32 RG(96/97) ------ nije navedeno CENTRAL ASIAN MIDD 1-3/32(96/97) Lip/srp 78.50 PAK SIND/PUNJAB-AFZAL 1-1/32(96/97) ------ nije navedeno AFRICAN FRANC ZONES 1-3/32(96/97) Lip/srp 79.50 AUSTRALIAN S.M 1-3/32(96/97) Lip/srp 85.25 SUDAN BARAKAT NO. X4B 1-3/32(96/97) Lip/srp 94.25 SUDAN ACALA 1 (96/97) Lip/srp 67.25 PERU TANGIUS GRD 3-1/12 ------ nije navedeno PERU PIMA GRD 1 1-9/16 Lip/srp 121.00 Copper in rough balance this year - GNI LONDON, May 28 (Reuter) - The copper market has been broadly balanced so far this year and is likely to remain so for the rest of 1997, GNI Research said in a monthly report. "This should be bearish for prices, but ... genuinely strong global demand and the need to increase consumer stocks should provide ample support for copper on the way down," it said. On a risk-reward basis, prices may ease towards a $2,100 to $2,200 range over the next six months, the report said. "However, the risk of a spike to $2,800 (or even higher) remains high for the immediate future," it added. Three months copper was last trading at around $2,530 per tonne on the London Metal Exchange. Towards the end of the third quarter, fresh supplies are expected to enter the market, although demand is also expected to improve. Short-term squeezes are also possible because global stocks are critically low, the report said. Another issue keeping the market on edge is the recent spate of labour militancy, which may be the start of a supply-disrupting trend. The aluminium market shares with copper a positive demand picture against a backdrop of good world economic growth. However, fresh capacity in aluminium will take longer to come on stream than in the copper market, GNI said. "Prices will have to rise - probably to $2,000 - to get them thinking about restarts, but by the time action is taken the world economy should be firing on all cylinders, and global aluminium stocks will be at low levels," it said. Meanwhile, producer stocks at present are at their lowest since 1990 and LME stocks on a strong downward trend. GNI estimated that a 600,000 tonne increase in production this year will be off set against a surge in demand which will leave the market in a supply deficit of 700,000 tonnes. By 1999 the fundamentals of the market could be comparable to that in 1988 when aluminium cash prices shot above $4,000, GNI said. 291104 MET may 97