CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 03.07.1997. LME OFFICIAL PRICES - JUL 03 CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 2586.0/87.0 2419.0/20.0 2170.0/80.0 2060.0/70.0 2587 (STG EQV) 1544.94 1449.41 TIN 5495/5500 5539/5540 5675/5685 5500 LEAD 627.00/8.00 640.00/1.00 662.00/7.00 628 (STG EQV) 375.04 383.91 ZINC 1480.5/81.5 1488.0/89.0 1360.0/65.0 1290.0/95.0 1481.5 ALU.HG 1593.0/94.0 1615.5/16.0 1640.0/45.0 1647.0/52.0 1594 NICKEL 6875/6880 6980/6985 7270/7290 7500/7520 6880 ALALLOY 1426.5/27.0 1455.0/60.0 1520.0/40.0 1427 SETTLEMENT RATES - GBP 1.6745 DEM 1.7541 JPY 114.29 Gains pared on LME at midsession, zinc strong LONDON, July 3 (Reuter) - Zinc prices settled back from earlier fresh 6-3/4 year highs during Thursday LME ring trading, but still remained firm, while copper continued to be borne along by July tightness, traders said. Most other metals also notched up gains, although the overall level of business was not high, with some winding-down seen ahead of Friday's Independence Day holiday in the U.S. By the end of the kerb, prices had settled back from the highs, they added. Zinc raced up to a peak of $1,495 this morning, before inevitably stalling near $1,500, having scored stunning gains of some $150 in the last week. Profit-taking took some of the shine off the advance, but underlying speculative interest suggests that dips will be small-scale. Also, the market remains supported by the upcoming tightness later in the third quarter, with major shorts finding stocks tightly-controlled. Last trade was at $1,484 a tonne, still up $21 from Wednesday's kerb. The cash/threes contango was a slightly wider $8, although rates in August were narrowing. In copper, the market largely consolidated the late upmove seen on Wednesday, with $2,420 a temporary restraint overhead. But the backwardation, encompassing the extreme tightness from the July date, continued to pre-occupy attention. Cash/threes was at an overall $160 backwardation, after July/threes traded at $162, July/August at $120 backwardation, and July/two days showed a $30 premium. Traders said the spreads had snapped out once more after Wednesday's July option declarations, with some residual shorts still needing covering against options. Last three months business was at $2,410, up $20 from yesterday's kerb. Aluminium only partly reacted to news of a one-day strike at Spanish producer Inespal's plants. Details of the affect on production will be released tomorrow, and another one-day strike in protest at the company's sale to Alcoa is scheduled for July 10. Prices faltered near $1,620 in expectations of producer selling, and last morning business was at $1,610, unchanged from yesterday. Movements in the rest of the complex were routine, with lead easing back from above $640 to close at $638, stil up $6. Tin was little changed at $5,530, while nickel ran into resistance above $7,000 and closed the morning at $6,960, up $20. The quiet alloy market was quoted at a slightly lower $1,455/60 a tonne. London Metal Exchange Warehouse Stocks - Jul 02 LONDON, Reuter - LME issued the following warehouse stock data. VOLUME IN TONNES COPPER 130075 UP 1750 TIN 11690 UP 5 LEAD 117300 UP 800 ZINC 421625 DOWN 1475 ALUMINIUM 669300 DOWN 1550 NICKEL 53010 UP 726 AL.ALLOY 59180 DOWN 260 STOCK IN OUT COPPER wire bars 75 0 0 COPPER cathodes 130000 2550 800 TIN 11690 100 95 LEAD 117300 850 50 ZINC 421625 250 1725 NICKEL briquettes 6780 0 174 NICKEL cathodes 46194 1506 606 NICKEL pellets 36 0 0 STOCK IN OUT ALUMINIUM ingots 287875 0 1200 ALUMINIUM T-bars 227675 0 275 ALUMINIUM sows 153750 0 75 AL.ALLOY D12S/JIS 400 0 0 AL.ALLOY 226/DIN 32820 0 240 AL.ALLOY A380.1 25960 0 20 031511 MET jul 97