CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 30.06.1997. LME OFFICIAL PRICES - JUN 30 CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 2584.5/85.5 2429.0/30.0 2180.0/90.0 2065.0/75.0 2585.5 (STG EQV) 1552.39 1462.94 TIN 5525/5530 5570/5575 5705/5715 5530 LEAD 614.00/5.00 627.50/8.00 648.00/3.00 615 (STG EQV) 369.26 378.08 ZINC 1422.0/23.0 1427.5/28.0 1327.0/32.0 1262.0/67.0 1423 ALU.HG 1560.0/61.0 1584.5/85.0 1615.0/20.0 1623.0/28.0 1561 NICKEL 6785/6790 6905/6910 7175/7195 7400/7420 6790 ALALLOY 1426.0/28.0 1450.0/52.0 1495.0/15.0 1428 SETTLEMENT RATES - GBP 1.6655 DEM 1.7441 JPY 114.42 LME nickel losses cut as Finnish output hit LONDON, June 30 (Reuter) - Nickel prices leapt up from early 6-1/2 month lows during Monday's LME ring and kerb sessions, as news of potential lost production at Outokumpu partially stiffened weak sentiment. Other markets were broadly steadier, tending to follow copper which was whipped higher as spread tightness increased. Business was not over-active, however. "It has been an interesting morning, but the volumes are not great. I think people are taking it easy ahead of July options (on Wednesday)," one trader said. The nickel market reacted to news that a weekend explosion at Outokumpu's Harjavalta smelter would result in 5,000 tonnes of lost production. Copper output was only briefly interrupted. This helped the market partially recover from the Inco Sudbury settlement over the weekend, which was ratified by the union, ending a four-week strike. Prices had initially slumped to a low of $6,760, but by the end of the kerb were back at $6,890, still down $80 from Friday's kerb close. "Inco had been going on for ages, so you could almost second-guess it. But this (Outokumpu) was unexpected, which is why it jumped up," another trader said. Copper business was at a trickle, with most attention diverted towards the spreads. Early borrowing of cash and July prompted the tick higher, but subsequent lending against July took the steam out of the rally. Also, copper concentrate shipments have been resumed at the OK Tedi mine in Papua New Guinea. But the main focus of attention in the early part of the week will be the July options declaration on Wednesday, given the widespread talk over the activities of a Korean firm, traders added. Last morning trade was at $2,429, an $11 gain from Friday. Cash/threes was around $155 backwardation, while July/threes was at $150. Zinc briefly equalled Friday's 6-3/4 year high of $1,430, but was shaded by overhead resistance. Also, LME stocks rose by 1,875 tonnes, with 2,750 tonnes delivered into Singapore. There has been talk of quality problems with some Chinese zinc, which may be why recent talk of sizeable tonnages being delivered into Singapore has not yet been confirmed. Zinc ended the session at $1,425, down $3. Aluminium attempted to push back up to $1,600, but was again constrained by expected technical sales, as well as some cash pricing in the rings. Final trade was at $1,585, up $10 nevertheless. Interest in other contracts was flat, with tin and lead concluding the kerb at steady levels of $626/628 and $5,565/75 a tonne. Alloy was stable at $1,450. London Metal Exchange Warehouse Stocks - Jun 30 LONDON, Reuter - LME issued the following warehouse stock data. VOLUME IN TONNES COPPER 125150 UP 250 TIN 11755 DOWN 90 LEAD 116050 UP 400 ZINC 424050 UP 1875 ALUMINIUM 671825 DOWN 2575 NICKEL 52380 DOWN 252 AL.ALLOY 59560 DOWN 240 STOCK IN OUT COPPER wire bars 75 0 0 COPPER cathodes 125075 1275 1025 TIN 11755 10 100 LEAD 116050 500 100 ZINC 424050 2750 875 NICKEL briquettes 6930 48 126 NICKEL cathodes 45414 180 354 NICKEL pellets 36 0 0 STOCK IN OUT ALUMINIUM ingots 289300 0 2000 ALUMINIUM T-bars 228600 0 575 ALUMINIUM sows 153925 0 0 AL.ALLOY D12S/JIS 400 0 0 AL.ALLOY 226/DIN 33160 0 180 AL.ALLOY A380.1 26000 0 60 301528 MET jun 97