CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 20.06.1997. LME OFFICIAL PRICES - JUN 20 CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 2718.0/20.0 2582.0/83.0 2210.0/20.0 2090.0/00.0 2720 (STG EQV) 1647.09 1567.74 TIN 5555/5560 5600/5605 5735/5745 5560 LEAD 612.50/3.00 624.00/5.00 648.00/3.00 613 (STG EQV) 371.2 379.34 ZINC 1373.5/74.0 1394.0/94.5 1312.0/17.0 1252.0/57.0 1374 ALU.HG 1562.0/62.5 1583.5/84.0 1620.0/25.0 1630.0/35.0 1562.5 NICKEL 7085/7090 7185/7190 7455/7475 7685/7705 7090 ALALLOY 1447.0/52.0 1470.0/75.0 1520.0/40.0 1452 SETTLEMENT RATES - GBP 1.6514 DEM 1.7277 JPY 114.57 Zinc stalls near $1,400 on LME, nickel jumps LONDON, June 20 (Reuter) - Upward impetus in base metal markets stalled by midsession on the LME on Friday, with most dipping into the minus column, although zinc and nickel remained higher. Traders said zinc was assisted up to a fresh 4-3/4 year high of $1,396 by follow-through speculative buying, but stalled near the crucial $1,400 level. "It has gone too far too quick. It has got overbought and a bit extended," analyst Robin Bhar of LME trader Brandeis said. Above $1,400, prices will be at their highest since October 1990, with the next chart objective around $1,435. But the market appears to have run ahead of fundamentals, as stock drawdowns are flattening out and there is the ever-present threat of Chinese deliveries into Singapore, Bhar noted. Prices concluded the kerb at $1,396 a tonne, up $3 from Thursday's kerb close. Nickel sprang into life during the latter part of the morning, chasing above $7,200 and triggering some buy-stops, traders said. The catalyst for the move was pessimism about a speedy resolution in the current Inco stoppage. Union officials at Sudbury said they do not expect developments until after the July maintenance closure. Prices finished the kerb at $7,250, up $90 a tonne from yesterday, and well above an early low of $7,130. Copper prices again turned tail on the approach towards $2,600 despite a further hardening in the cash/threes spread backwardation to near $140. Until the market breaks out of a $2,560/2,610 band business will be low-key, although there is the threat of tightness in July/August worsening. Last kerb trade was at $2,581, down $4.50. Aluminium's performance was similar to other sessions this week with the market unable to build on another inventory fall and chase up to $1,600. IPAI May production rose a minimal 100 tonnes daily, but this did not effect the market. Final morning trade was at $1,583, down $1. Elsewhere, lead traded quietly and was $3 lower at $623. Tin drifted down to $5,605, down $10. Alloy was quietly steady at $1,470/75 a tonne. 201527 MET jun 97