CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA METALA: SLUŽBENE CIJENE 17.02.1997. LME OFFICIAL PRICES - FEB 17 CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 2320.0/21.0 2264.0/65.0 2060.0/70.0 2000.0/10.0 2321 (STG EQV) 1430.95 1398.99 TIN 5945/5946 5990/5995 6110/6120 5946 LEAD 645.00/6.00 654.50/5.50 648.00/3.00 646 (STG EQV) 398.27 404.87 ZINC 1195.0/96.0 1216.0/17.0 1208.0/13.0 1185.0/90.0 1196 ALU.HG 1533.0/34.0 1565.0/66.0 1598.0/03.0 1600.0/05.0 1534 NICKEL 7640/7641 7739/7740 7920/7940 8075/8095 7641 ALALLOY 1460.0/62.0 1480.0/85.0 1535.0/55.0 1462 SETTLEMENT RATES - GBP 1.622 DEM 1.6951 JPY 124.21 Copper above lows by LME midday, absorbs pricing LONDON, Feb 17 (Reuter) - London Metal Exchange copper prices had snapped away from earlier lows of $2,248 by the midsession recess as short-covering emerged after the market managed to absorb good volume cash selling in the official ring. Nearby spreads eased but were showing signs of bottoming out, while the third Wednesday pricing passed routinely. Elsewhere, the other base metals remained handcuffed to narrow ranges but mostly edged higher with copper from Friday's LME kerb closing levels. Traders said they now expect a period of consolidation following the pricing, though several remained wary to a further easing in copper's nearby spreads. Three months delivery copper was last at $2,267, versus Friday's LME kerb close of $2,257. So far there are few signs that the tightness will be rolled forward. This was reflected in the Feb/Mar date which by the close of morning business stood at a $8 backwardation. Recently it peaked just above $30. The cash to three months spread also eased but late morning lending was thin. It was last indicated at around a $60 backwardation, against earlier levels of $65 and Friday's $85. Referring to the relaxing of the spreads one trader said, "The spreads have the potential to slacken further but I don't believe they will disappear all together." Although LME stocks have risen during the early part of 1997 traders suggested that physical demand for copper remained robust. According to one, off-market trader LME stocks were due to buck the recent trend and fall by between 3,000 and 5,000 tonnes on Tuesday. Chartwise copper needs to breach $2,300 to spark further upside gains. Copper's bounce aided a recovery in aluminium which moved from a low of $1,553. Traders said that after support at around $1,530 held, short-covering and some forward enquiry emerged. But like copper aluminium needs to overcome stiff resistance levels. Traders pegged these at around $1,570 and $1,580, and also noted further support at $1,510/$1,500. Last business was at $1,573, up $9. Nickel remained range-bound and found support from copper. It settled at $7,750, up $10. Zinc moved higher on the back of an expected fall in stocks on Tuesday. Last business was at $1,215, a gain of $5. Lead was at $655, a loss of $1, while tin settled at $5,995, up $20. Alloy was at $1,482, versus $1,470/75. FRANCUSKI METALI - 17. veljače 1997. BAKAR FFR/100 KG 1392 KOSITAR FFR/100 KG 4007 CINK EL. FFR/100 KG 743 ALUMINIJ FFR/100 KG 1130 SREB. C3E FFR/KG 912/1074 PLATINA FFR/KG 53700/84200 PALADIJ FFR/KG 21500/29900 IRIDIJ FFR/KG 28500/51000 KOBALT FFR/100 KG 35541 ŽIVA FFR/100 KG 5200 NJEMAČKI METALI - 17. veljače 1997. - u DEM po 100 kg GERMAN ELEKTROLITIK 398.90/410.45 OLOVO U KABELIMA 99.94% 124.75/125.75 171618 MET feb 97