LONDONSKA BURZA METALA: SLUŽBENE CIJENE 30.01.1997.
LME OFFICIAL PRICES - JAN 30
CASH 3 MTHS 15 MTHS 27 MTHS SETT
COPPER 2387.0/88.0 2177.0/78.0 2025.0/35.0 1975.0/85.0 2388
(STG EQV) 1472.44 1345.2
TIN 5720/5725 5760/5770 5880/5890 5725
LEAD 662.00/3.00 672.00/3.00 648.00/3.00 663
(STG EQV) 408.81 415.67
ZINC 1103.5/04.0 1126.5/27.0 1145.0/50.0 1150.0/55.0 1104
ALU.HG 1593.0/94.0 1617.0/17.5 1615.0/20.0 1615.0/20.0 1594
NICKEL 7140/7145 7240/7245 7495/7515 7685/7705 7145
ALALLOY 1500.0/05.0 1520.0/21.0 1550.0/70.0 1505
SETTLEMENT RATES - GBP 1.6218 DEM 1.6401 JPY 121.7
LME copper at lower levels, tightness persists
LONDON, Jan 30 (Reuter) - LME three month copper explored a
new lower range on Thursday while nearby premiums held their
robust stance, trading to exchange limits.
Other metals caught their breath after spiralling lower on
Wednesday.
In copper, belated borrowing against the previous day's
prompt (tom/next) traded up to a $25 premium, the limit imposed
by the LME, which is one percent of the previous day's cash
settlement price.
The premium of cash over the next day, however, only traded
up to $22. The same limit of $25 holds for this spread.
The market was seen deflating further out, however, and the
benchmark cash/threes spread came in $45 to $200/$210.
Three months prices jerked about as they explored lower
levels after breaking out on Wednesday from a $2,230-$2,290
range they had largely held for the previous three weeks.
The market lurched down to $2,162 and raced up to $2,190 as
the market carved out a new price band. Prices may take a rest
in this new range before heading lower towards $2,100, one floor
trader said.
"The buying has been weak, we've seen more Far Eastern
lending and traders here are much more willing to sell the
market now they can see ahead when tightness will come out of
the market," he said, referring to a succession of tight dates
that eases up after the February date.
The market will be watching Friday's stock data, which is
expected to rise again as the hefty backwardations attract metal
into LME warehouses. Floor traders said stocks should rise by
10-15,000 tonnes, up from Tuesday's 9,650 tonnes.
Most of the other metals took a rest after Wednesday's
weakness that swept most of the complex into lower ranges.
Zinc ended the morning $1 lower at $1,125 after briefly
touching $1,133 on speculative interest.
The market is seen as having more upside potential, but many
players had been expecting a correction and say prices may still
head to $1,100 before looking at the upside again.
Aluminium edged down $2 to $1,611, holding in a narrow range.
Analysts say the market needs to regain the $1,625 level to keep
from falling towards $1,585.
Nickel bucked the softer trend, adding $58 to $7,238, but a
close above $7,320 is seen as necessary to relieve downside
pressure.
Lead finished the kerb unchanged at $669 and tin shed $30 to
$5,770.
Alloy moved up to $1,515/20 from $1,505.
FRANCUSKI METALI - 30. siječnja 1997.
BAKAR FFR/100 KG 1385
KOSITAR FFR/100 KG 3782
CINK EL. FFR/100 KG 704
ALUMINIJ FFR/100 KG 995
SREB. C3E FFR/KG 825/971
PLATINA FFR/KG 52200/87900
PALADIJ FFR/KG 17600/26000
IRIDIJ FFR/KG 12900/35400
KOBALT FFR/100 KG 33565
ŽIVA FFR/100 KG 5200
NJEMAČKI METALI - 30. siječnja 1997. - u DEM po 100 kg
GERMAN ELEKTROLITIK 397.15/408.33
OLOVO U KABELIMA 99.94% 124.00/125.00
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