LONDONSKA BURZA METALA: SLUŽBENE CIJENE 13.01.1997.
LME OFFICIAL PRICES - JAN 13
CASH 3 MTHS 15 MTHS 27 MTHS SETT
COPPER 2450.0/51.0 2264.0/65.0 2015.0/25.0 1945.0/55.0 2451
(STG EQV) 1465.03 1356.54
TIN 5850/5855 5894/5895 6055/6065 5855
LEAD 682.00/2.50 692.00/2.50 665.00/0.00 682.5
(STG EQV) 407.95 414.75
ZINC 1043.0/44.0 1066.0/67.0 1113.0/18.0 1128.0/33.0 1044
ALU.HG 1575.0/76.0 1607.0/08.0 1637.0/42.0 1628.0/33.0 1576
NICKEL 7010/7011 7090/7100 7395/7415 7590/7610 7011
ALALLOY 1500.0/03.0 1510.0/15.0 1545.0/65.0 1503
SETTLEMENT RATES - GBP 1.673 DEM 1.5873 JPY 116.39
LME copper hit by tightness, spreads widen
LONDON, Jan 13 (Reuter) - Copper spreads captured attention
in LME ring activity on Monday morning as tightness re-emerged,
but three month prices only rose marginally.
The premium of cash over three months metal firmed around
$35 to $185 with the tightness centred in dates at the end of
January and early February, traders said.
Cash for two weeks traded at only a $3 backwardation, while
the key cash to February spread was bid up to a $130
backwardation from $102.
"I think we could easily see another $20 on the cash/Feb,"
one floor trader said.
But players were wary after the cash/threes backwardation
soared to $285 in late November and were likely to cover well
ahead of the dates coming into play, he added.
After a slow start, three months prices got support from the
tightness, finishing the morning kerb at $2,263, up $8.
Floor traders said LME copper stocks on Tuesday were
expected to be unchanged to slightly down.
"I haven't heard of anything going into Singapore," one
said.
Stocks fell by 3,425 tonnes on Friday but increased last
Tuesday with the bulk of the rise due to deliveries into
Singapore.
Aluminium popped back above $1,600 in the official ring
after hovering under that level during most of the morning.
Three months finished the kerb at $1,607, which was Friday's
peak, up $8.
The market is in a solid uptrend but may need more time to
consolidate since it is flirting with overbought levels,
technicians say.
If the market breached resistance at $1,613/15, it would
next target $1,625 and $1,638, said chartist Harry Creates of
broker AMT.
Nickel lost ground, but a correction was due after the heady
gains of about 10 percent last week.
Prices finished the morning $70 weaker at $7,130, with the
loss of $7,170 support signalling a move towards an important
floor of $7,030, Creates said.
On the upside, $7,330 was a key level. "The first target of
$7,330 has been attained, and a close above targets $7,450," he
added.
Tin hit its highest for about a month, adding $45 to $5,905.
It was the strongest level since the market touched $6,015 on
December 9 and then dived by about $200.
The others were lacklustre with lead $6 softer at $692 and
zinc $2 firmer at $1,066. Alloy ended the morning unchanged at
$1,515.
FRANCUSKI METALI - 13. siječnja 1997.
BAKAR FFR/100 KG 1374
KOSITAR FFR/100 KG 3712
CINK EL. FFR/100 KG 625
ALUMINIJ FFR/100 KG 995
SREB. C3E FFR/KG 779/917
PLATINA FFR/KG 52200/87900
PALADIJ FFR/KG 17600/26000
IRIDIJ FFR/KG 12900/35400
KOBALT FFR/100 KG 33243
ŽIVA FFR/100 KG 5200
NJEMAČKI METALI - 13. siječnja 1997. - u DEM po 100 kg
GERMAN ELEKTROLITIK 394.07/404/89
OLOVO U KABELIMA 99.94% 123.50/124.50
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