LONDONSKA BURZA METALA: SLUŽBENE CIJENE 13.02.1997.
LME OFFICIAL PRICES - FEB 13
CASH 3 MTHS 15 MTHS 27 MTHS SETT
COPPER 2371.0/72.0 2271.0/72.0 2070.0/80.0 2005.0/15.0 2372
(STG EQV) 1452.81 1393.98
TIN 5870/5871 5930/5931 6050/6060 5871
LEAD 652.00/3.00 658.00/9.00 643.00/8.00 653
(STG EQV) 399.95 404.33
ZINC 1194.0/95.0 1215.5/16.0 1215.0/20.0 1203.0/08.0 1195
ALU.HG 1532.0/33.0 1564.0/65.0 1598.0/03.0 1600.0/05.0 1533
NICKEL 7795/7800 7900/7910 8085/8105 8240/8260 7800
ALALLOY 1450.0/60.0 1480.0/81.0 1530.0/50.0 1460
SETTLEMENT RATES - GBP 1.6327 DEM 1.6822 JPY 124.13
LME metals back on warpath, zinc hits new peak
LONDON, Feb 13 (Reuter) - LME metals went on the attack on
Thursday morning as copper and zinc sliced through resistance
and notched up fresh highs.
Three months copper hit the highest levels since late
November 1996, touching $2,295 per tonne as the market was hit
by nearby tightness.
"The market is still tight. There are still shorts out
there," said analyst Robin Bahr of broker Brandeis.
Some players have been waiting until the last minute to cover
short positions ahead of the February prompt date next week,
traders said.
Nearby spreads were again firm, with belated borrowing
against the previous day's prompt (tom/next) trading at the LME
limit of $24 and cash for a day at $22/23.
The premium of cash over three months traded at $110 in the
first ring, but eased slightly later. This compares with $115/25
at the end of business on Wednesday.
Three months ended the kerb at $2,287, up $37, but the
failure to break through $2,300 may prompt some disappointed
selling this afternoon, Bahr said.
The market was jittery after copper's quick rise from around
$2,200 on Wednesday which has left little base on the charts,
traders said.
Forecasts for stocks on Friday were level to 3,000 tonnes
higher, floor traders added.
Fund buying helped zinc streak through the $1,200
psychological level and touch $1,226, a fresh peak since January
1995.
"We haven't seen any selling from China this week," a floor
trader said, adding that this was expectd since the Chinese are
on holiday celebrating the New Year this week.
The market was approaching a chart target of $1,239, the
highest price from the rally two years ago.
Technicals showed the market was re-entering overbought
territory with a 14-day RSI of 77 so consolidation may be needed
before prices can add more gains, analysts said.
Three months zinc finished the morning kerb $39 higher than
Wednesday at $1,225 per tonne.
Nickel got encouragement on the kerb, regaining the $7,900
level and touching $7,940, just $20 off its peak on February 7.
It ended with a $50 gain at $7,930.
Aluminium's move was not as impressive, only adding $11 to
$1,566.
Resistance was seen at $1,570/75, then $1,586. Support was
pegged at $1,554 and $1,534, Tuesday's low.
Lead gained $11 to $660 but tin finished the morning little
changed at $5,935/40, versus $5,935.
Alloy was stronger at $1,485/90 after $1,466 on Tuesday.
FRANCUSKI METALI - 13. veljače 1997.
BAKAR FFR/100 KG 1412
KOSITAR FFR/100 KG 3940
CINK EL. FFR/100 KG 743
ALUMINIJ FFR/100 KG 1130
SREB. C3E FFR/KG 836/985
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 - 13. veljače 1997. - u DEM po 100 kg
GERMAN ELEKTROLITIK 404.61/416.08
OLOVO U KABELIMA 99.94% 125.25/126.25
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