LONDONSKA BURZA METALA: SLUŽBENE CIJENE 12.02.1997.
LME OFFICIAL PRICES - FEB 12
CASH 3 MTHS 15 MTHS 27 MTHS SETT
COPPER 2355.0/56.0 2233.0/34.0 2045.0/55.0 1985.0/95.0 2356
(STG EQV) 1445.84 1373.4
TIN 5870/5875 5939/5940 6050/6060 5875
LEAD 636.50/7.50 644.00/5.00 630.00/5.00 637.5
(STG EQV) 391.22 396.53
ZINC 1162.5/63.0 1182.0/83.0 1185.0/90.0 1173.0/78.0 1163
ALU.HG 1519.0/20.0 1550.5/51.0 1585.0/90.0 1587.0/92.0 1520
NICKEL 7745/7755 7815/7820 8010/8030 8150/8170 7755
ALALLOY 1430.0/35.0 1460.0/61.0 1515.0/35.0 1435
SETTLEMENT RATES - GBP 1.6295 DEM 1.684 JPY 123.88
Base metals snap away from lows by LME midesession
LONDON, Feb 12 (Reuter) - Base metal snapped back from their
lows by the London Metal Exchange (LME) midsession recess as
recent downtrending aluminium and copper survived a test of
support levels.
Traders said the ability of the market to hold support sucked
in short-covering and speculative buying, though several were
unsure if this was just a corrective bounce.
"This morning we saw a reasonable recovery, though prices
have to extend further to offset the recent bearish sentiment,"
one trader commented.
The strong dollar which earlier raced to a 34-month high
versus the mark was having little notable impact on the base
metal sector, LME floor traders said.
Aluminium after earlier dipping to $1,536 a tonne recovered
its poise in LME ring trading on the back of fresh trade buying
and short-covering.
Last business was at $1,552 against Tuesday's LME kerb close
of $1,547. Traders said the market needed to close above $1,555
to spark fresh upside interest and negate recent pressured
charts.
"The charts at present are still looking down, it all depends
on the close," one trader said.
Initial support was seen at $1,500, he added.
Cash buying and some borrowing of nearby spreads aided copper
which bounced from a low of $2,208 to settle at $2,237, a $25
gain on Tuesday.
But like aluminium, copper has to do more on the upside in
later trading to rekindle fresh and significant covering.
Several traders suggested prices needed to overcome $2,250.
Copper's cash to three months backwardation was steady at
$120.
Elsewhere, trading was thin. Buy-stop activity and trade
covering lifted nickel. It was last at $7,850, against $7,730.
Falling stocks and expected physical demand aided zinc which
finished $9 firmer at $1,185.
Lead was last at $645, up $1, while tin settled $15 up at
$5,935.
Alloy was quoted at $1,460/70, little changed from $1,460.
FRANCUSKI METALI - 12. veljače 1997.
BAKAR FFR/100 KG 1403
KOSITAR FFR/100 KG 3919
CINK EL. FFR/100 KG 743
ALUMINIJ FFR/100 KG 1130
SREB. C3E FFR/KG 851/1002
PLATINA FFR/KG 53700/84200
PALADIJ FFR/KG 21500/29900
IRIDIJ FFR/KG 28500/51000
KOBALT FFR/100 KG 35046
ŽIVA FFR/100 KG 5200
NJEMAČKI METALI - 12. veljače 1997. - u DEM po 100 kg
GERMAN ELEKTROLITIK 401.96/413.43
OLOVO U KABELIMA 99.94% 122.50/123.50
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