CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 27.09.1996. LME OFFICIAL PRICES - SEP 27 CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 1994.0/95.0 1985.0/86.0 1950.0/60.0 1985.0/95.0 1995 (STG EQV) 1276.72 1271.82 TIN 6060/6065 6110/6115 6250/6260 6065 LEAD 787.00/7.50 787.50/8.00 762.00/7.00 787.5 (STG EQV) 503.97 504.63 ZINC 1002.0/03.0 1027.5/28.0 1098.0/03.0 1120.0/25.0 1003 ALU.HG 1381.5/82.5 1415.0/16.0 1535.0/40.0 1623.0/28.0 1382.5 NICKEL 7211/7212 7320/7325 7615/7635 7735/7755 7212 ALALLOY 1230.0/35.0 1247.0/50.0 1365.0/85.0 1235 SETTLEMENT RATES - GBP 1.5626 DEM 1.5237 JPY 110.76 LME copper soars on tightness, highest in 3 weeks LONDON, Sept 27 (Reuter) - Copper surged to its highest levels in three weeks on Friday morning as nearby supplies tightened further and speculators went on a buying spree ahead of next week's options expiry. Three months prices sliced through two barriers in hectic trading, settling at $1,986 per tonne, up $42 from Thursday's kerb close. Profit taking took the froth off the top of the market, which hit $1,990 on the kerb, well within striking distance of the psychological $2,000 level. It was the highest since September 5, when the market peaked at $2,037, but collapsed and ended the day at $1,925. "We expect the screws to tighten further," one trader said, referring to continued healthy stocks falls after a decline of 9,300 tonnes on Friday. Good offtake has been seen in warrant sales which will feed through into more stock draws, traders said. Tightness was already being felt in the cash/threes spread which widened to a $8 backwardation during trading, compared to the level status at Thursday's afternoon close. The options expiry next Wednesday was also seen as a short-term bullish factor, with one large US investment house said to hold a long position in $2,000 calls and prepared to push underlying prices higher to force hedging. The reaction to copper's rise was muted, however, among most of the other metals. Aluminium barely moved, finishing the morning kerb at $1,418, up $2 from Thursday, after stocks rose by 4,050 tonnes. The upside was seen difficult as forward selling was expected to cap any rise towards $1,420 resistance, the high of September 20. Another recent high of $1,439 was seen as the next hurdle. Alloy finished stronger at $1,255 versus $1,243/48. Lead gained $6 to $788 but failed at the $790 resistance level after 1,475 tonnes were added to inventories. Zinc finished the morning $5 firmer at $1,027, but was reluctant to confront $1,030 resistance. Stocks fell by 800 tonnes. Tin edged back above the $6,100 level, with last kerb business at $6,110, a gain of $15, while nickel pulled itself off lows but finished $5 in the negative column at $7,335. Chartist Elli Gifford of Investment Research of Cambridge warned that unless some of the base metals see significant gains, medium term downtrends would start to reassert themselves. "This would leave tin and nickel looking particularly vulnerable to a breakdown as their supports represent long term levels and if they were broken large tops would form," she said in a commentary. FRANCUSKA BURZA KOVINA - 26. rujna 1996. BAKAR FFR/100 KG 1052 KOSITAR FFR/100 KG 3667 CINK EL. FFR/100 KG 572 ALUMINIJ FFR/100 KG 1065 SREB. C3E FFR/KG 767/894 PLATINA FFR/KG 55300/91000 PALADIJ FFR/KG 17900/26300 IRIDIJ FFR/KG 4000/26500 KOBALT FFR/100 KG 32330 ŽIVA FFR/100 KG 5200 NJEMAČKA BURZA KOVINA - 26. rujna 1996. - u DEM po 100 kg BAKAR ELEKTROLITIK 298.40/308.32 OLOVO U KABELIMA 99.94% 133.50/134.50 271607 MET sep 96