LONDONSKA BURZA METALA: SLUŽBENE CIJENE 16.01.1997.
LME OFFICIAL PRICES - JAN 16
CASH 3 MTHS 15 MTHS 27 MTHS SETT
COPPER 2460.0/62.0 2276.0/77.0 2045.0/55.0 1965.0/75.0 2462
(STG EQV) 1468.36 1360.3
TIN 5985/5990 6026/6027 6190/6200 5990
LEAD 713.00/3.50 721.50/2.00 695.00/0.00 713.5
(STG EQV) 425.54 431.33
ZINC 1099.0/00.0 1119.0/19.5 1148.0/53.0 1157.0/62.0 1100
ALU.HG 1587.0/88.0 1616.5/17.0 1635.0/40.0 1627.0/32.0 1588
NICKEL 7345/7355 7435/7440 7710/7730 7900/7920 7355
ALALLOY 1518.0/20.0 1519.0/20.0 1550.0/70.0 1520
SETTLEMENT RATES - GBP 1.6767 DEM 1.5909 JPY 117.09
Metals advance loses momentum at midsession
LONDON, Jan 16 (Reuter) - Late pre-market advances in LME
base metals, with several hitting fresh highs for the current
move, were not sustained during Thursday official rings and
prices settled back from their peaks.
Traders said there was profit-taking, given the extent of
gains notched up by metals such as zinc, lead and nickel already
this week. Also, both copper and aluminium - the usual market
leaders - have struggled to bust tough overhead resistance.
"It (the market) just went off the boil from midday onwards
really. Copper is definitely finding it a struggle. It does not
have the legs above $2,280," one said.
Nevertheless, there were four-month highs recorded in tin
and nickel, zinc notched up a new 23-month peak momentarily,
lead was at its best for two months, and aluminium equalled the
recent eight-month high.
Traders said the influx of investment interest, albeit not
over-large, constructive charts, and the expectations that
physical interest will grow during this quarter, should keep the
momentum going.
Copper broke above $2,280 at one stage, moving to $2,295 and
raising hopes that there would be a spike up towards the
much-mooted $2,313 target. But the market critically lacked
followthrough, and with some lending emerging in the rings
prices back-tracked.
By the end of the kerb three months was back at $2,275,
under $2,280 once more, but still up $13 from Wednesday.
Lead also cleared an important chart point only to settle
back once again. Prices rose through $723 to hit $731 before
retreating to $720, still up $4.
Traders said lead appears on course to resume its advances,
with sentiment being massaged by expectations of increased
replacement battery demand.
Zinc looks to be set for a spell of consolidation, but with
stocks on a declining trend at present, more gains are expected.
Last morning business was at $1,120, down $2.
Aluminium again faltered at $1,625, raising some doubts on
technical grounds that the market will continue upwards.
Producer sales are also expected, and the market may re-trace
before resuming its uptrend. Prices were $ lower at $1,616.
Nickel trading was erratic, with some buy-stops triggered
above the chart-point of $7,450 helping prices to within a
whisker of $7,500. Subsequent trade saw prices eventually settle
at an unchanged $7,410.
Tin followed the overall trend, peaking at $6,130 before
dropping back to $6,025, down $50 from Wednesday.
Alloy was generally quiet, but business at $1,515 was up
from the overnight $1,508/10.
FRANCUSKI METALI - 16. siječnja 1997.
BAKAR FFR/100 KG 1383
KOSITAR FFR/100 KG 3799
CINK EL. FFR/100 KG 625
ALUMINIJ FFR/100 KG 995
SREB. C3E FFR/KG 669/905
PLATINA FFR/KG 52200/87900
PALADIJ FFR/KG 17600/26000
IRIDIJ FFR/KG 12900/35400
KOBALT FFR/100 KG 33243
ŽIVA FFR/100 KG 5200
NJEMAČKI METALI - 16. siječnja 1997. - u DEM po 100 kg
GERMAN ELEKTROLITIK 397.25/408/10
OLOVO U KABELIMA 99.94% 129.00/130.00
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