CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 19.09.1996. LME OFFICIAL PRICES - SEP 19 CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 1916.0/17.0 1920.0/21.0 1900.0/10.0 1940.0/50.0 1917 (STG EQV) 1228.92 1232.06 TIN 6070/6080 6135/6140 6205/6215 6080 LEAD 785.00/6.00 786.00/7.00 760.00/5.00 786 (STG EQV) 503.88 504.75 ZINC 1005.5/06.0 1032.0/32.5 1105.0/10.0 1130.0/35.0 1006 ALU.HG 1389.0/89.5 1424.0/24.5 1545.0/50.0 1617.0/22.0 1389.5 NICKEL 7270/7275 7380/7385 7685/7705 7805/7825 7275 ALALLOY 1204.0/05.0 1237.0/38.0 1370.0/90.0 1205 SETTLEMENT RATES - GBP 1.5599 DEM 1.51 JPY 109.35 Copper retains some LME gains, well below highs LONDON, Sept 19 (Reuter) - Copper prices were tossed around during jumpy LME ring trading on Thursday as the failure of an early rally put the market on the defensive once more. Other metals tended to follow copper, and once initial upside flutterings were curtailed the rst of the complex settled back, although volumes were thin and activity low-key. In copper, the market absorbed latest developments in the Sumitomo Corp scandal, with the Japanese company upwardly revising the losses it sustained in 10 years of unauthorised trading carried out by its former head dealer Yasuo Hamanaka. Sumitomo said losses were $2.6 billion and it has liquidated most of its uncovered positions. All the unauthorised trades were on the LME, it said. Traders said it was probable that Sumitomo had cleared its positions, as it is felt the outstanding market exposure has been transferred to other large players to manage. Current market prices reflect this, with supply/demand fundamentals and a small contango being more representative now, they said. On the LME, the two-day rally that has lifted prices some $100 faltered just above $1,950 when expected delta hedge buying did not emerge. Some bank-related sales sent prices lower, triggering sell-stops in nervy trade down to $1,915 before the market stabilised. Last three months business on the kerb was back at $1,930 a tonne, up $5 from Wednesday's kerb. The cash/threes spread moved into a contango again, trading at $3 at one stage, against Wednesday's closing $1 backwardation. Aluminium's recent encouraging rally was choked off by copper's downturn, with some pressure also seen from cash pricing sales. Last kerb trade was at $1,424, down $9. Nickel was sent back under the $7,400 level, but the pace of trading was slow. The market concluded the kerb at $7,385, down $75. Lead and zinc both drifted back, finishing the session at $786 and $1,033, respective losses of $2 and $8. Tin business was restricted to a narrow band, and last trade at $6,135 was just $5 lower. Alloy was indicated at a little changed $1,240/45. FRANCUSKA BURZA KOVINA - 19. rujna 1996. BAKAR FFR/100 KG 1045 KOSITAR FFR/100 KG 3690 CINK EL. FFR/100 KG 572 ALUMINIJ FFR/100 KG 1065 SREB. C3E FFR/KG 795/928 PLATINA FFR/KG 55300/91000 PALADIJ FFR/KG 17900/26300 IRIDIJ FFR/KG 4000/26500 KOBALT FFR/100 KG 32293 ŽIVA FFR/100 KG 5200 NJEMAČKA BURZA KOVINA - 18. rujna 1996. - u DEM po 100 kg BAKAR ELEKTROLITIK 294.64/304.50 OLOVO U KABELIMA 99.94% 133.50/134.50 191609 MET sep 96