LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 22.08.1996.
LME OFFICIAL PRICES - AUG 22
CASH 3 MTHS 15 MTHS 27 MTHS SETT
COPPER 1966.0/67.0 1927.0/28.0 1860.0/70.0 1880.0/90.0 1967
(STG EQV) 1271.08 1246.52
TIN 6095/6100 6149/6150 6215/6225 6100
LEAD 813.00/4.00 813.50/4.00 793.00/8.00 814
(STG EQV) 526.01 526.28
ZINC 997.0/98.0 1023.0/23.5 1093.0/98.0 1118.0/23.0 998
ALU.HG 1451.5/52.5 1485.0/86.0 1598.0/03.0 1658.0/63.0 1452.5
NICKEL 7180/7185 7280/7285 7575/7595 7740/7760 7185
ALALLOY 1250.0/53.0 1285.0/90.0 1420.0/40.0 1253
SETTLEMENT RATES - GBP 1.5475 DEM 1.4954 JPY 108.58
LME stolid by close, awaits fourth quarter demand
LONDON, Aug 22 (Reuter) - Business was slow on the London
Metal Exchange (LME) close on Thursday in a market subdued by
the summer holidays.
"It's routine and activity is unlikely to pick up until
September when consumer activity and demand is expected to
blossom," one trader said.
The trader said the upcoming long UK holiday weekend and the
US Labour Day next week is likely to keep prices within their
recent well worn ranges.
Recent market leader copper failed to shine, remaining
confined in a tight range of between $1,929 and $1,939.
Benchmark three months delivery ended the kerb at $1,935,
down $1 from Wednesday's close.
Nearby spreads continued to be the main feature, with the
September copper spreads holding main attention.
Sept/one day hovered at $3/$4 backwardation, Sept/threes
near $39, while Sept/Oct stood at $20.
Outright cash to three months was uninspiring at a $38
backwardation.
The range of between $1,900 and $1,970 looks unlikely to be
breached near-term, traders said.
A lack of physical demand led to technical trading in other
base metals.
Aluminium, entrenched in a band between $1,484 and $1,490,
matched copper's uninspiring session.
It was last at $1,487, down $3.
Nickel boosted by trade buying and buy-stop activity
extended its recent rally above resistance at $7,300, though
late bouts of profit-taking restricted further gains.
It was last at $7,360, versus $7,250.
Zinc clawed higher to finish at $1,030, up $8.
Lead was last at $818, down $2, while tin was little moved
at $6,165. Alloy was stable at $1,285/90.
221839 MET aug 96
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Bundesliga: Pobjede Bayerna i Borussije (D)
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HNL: Remi Šibenika i Slaven Belupa na Šubićevcu
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