CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 19.02.1997. CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 2418.0/20.0 2345.0/46.0 2115.0/25.0 2050.0/60.0 2420 (STG EQV) 1498.45 1455.23 TIN 6020/6021 6060/6062 6135/6145 6021 LEAD 654.00/5.00 663.00/3.50 660.00/5.00 655 (STG EQV) 405.57 411.57 ZINC 1201.0/02.0 1224.0/24.5 1220.0/25.0 1197.0/02.0 1202 ALU.HG 1575.0/76.0 1607.0/07.5 1625.0/30.0 1605.0/10.0 1576 NICKEL 7695/7705 7790/7795 7975/7995 8130/8150 7705 ALALLOY 1495.0/00.0 1515.0/20.0 1570.0/90.0 1500 SETTLEMENT RATES - GBP 1.615 DEM 1.6926 JPY 123.9 LME copper shoots to 8-1/2 month highs LONDON, Feb 19 (Reuter) - Copper staged a dramatic rally on Wednesday, barrelling through key resistance levels to 8-1/2 month highs in a move traders attributed largely to technical factors."When it takes off, it really takes off. This morning we saw fresh fund buying after prices breached $2,300 and it triggered buy-stops," a trader said. Traders also said it was "very likely" buying had emerged from China and other South East Asian countries. The morning kerb ended with three months copper at $2,343 per tonne, compred to Tuesday's kerb close of $2,286 and the highest since June 1996 when prices plunged as the Sumitomo scandal unfolded. But prices were off an early high of $2,360 as traders took profits following the sharp increase. Nevertheless the move was very constructive for copper, on the back of Tuesday's positive close, since it took prices above last year's November 28 high of $2,313 -- a critical hurdle for future gains, analysts said. The $2,360 level and then $2,375 area would provide the next areas of resistance, traders said. An ascending triangle formation also targetted $2,450 in the longer term. Traders noted growing concerns about the resumption of recent tightness in the market. Last month cash to three months soared above $300 before easing ahead of Monday's Third Wednesday pricing. "Its very tight moving into the peak demand period of March-June," said analyst Robin Bahr of brokers Brandeis. "A rising market creates fear. People will buy because they don't want to miss the boat. You tend to get restocking in a rising market." Borrowing in April dates helped the cash/threes flare to a backwardation of $85/$90 in the rings, $10 more than Tuesday, before it settled at $83/88 at the end of the kerb. Copper's surge fuelled parallel rallies in nearly all of the other base metals. Aluminium gapped hihger in the morning, surging back above $1,600 to end the morning kerb at $1,609, a gain of $23. "It's actually doing it's own thing. Tuesday's close was technical, which pointed to $1,600-$1,620 today," a trader said of aluminium. Nickel surged nearly $200 to end the kerb at $7,860, versus $7,665 on Tuesday. Zinc ticked up $12 to $1,225, while tin was just $5 firmer at $6,070. Lead posted a gain of $8, to end at $665. Alloy was $20 stronger at $1,520. London Metal Exchange Warehouse Stocks - Feb 18 LONDON, Reuter - LME issued the following warehouse stock data. VOLUME IN TONNES COPPER 220625 DOWN 1100 TIN 9555 DOWN 95 LEAD 110100 DOWN 550 ZINC 476725 UP 1125 ALUMINIUM 910625 DOWN 5050 NICKEL 45774 DOWN 120 AL.ALLOY 73180 UP 20 STOCK IN OUT COPPER wire bars 100 0 0 COPPER cathodes 220525 3675 4775 TIN 9555 0 95 LEAD 110100 0 550 ZINC 476725 2800 1675 NICKEL briquettes 4122 0 0 NICKEL cathodes 41616 48 168 NICKEL pellets 36 0 0 STOCK IN OUT ALUMINIUM ingots 391775 0 4475 ALUMINIUM T-bars 342175 25 5825 ALUMINIUM sows 176675 5550 325 AL.ALLOY D12S/JIS 500 0 0 AL.ALLOY 226/DIN 43480 60 20 AL.ALLOY A380.1 29200 0 20 200904 MET feb 97