LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 17.03.1997.
LME OFFICIAL PRICES - MAR 17
CASH 3 MTHS 15 MTHS 27 MTHS SETT
COPPER 2417.0/18.0 2367.0/68.0 2105.0/15.0 2050.0/60.0 2418
(STG EQV) 1518.08 1488.95
TIN 6040/6045 6050/6055 6095/6105 6045
LEAD 713.00/4.00 708.50/9.50 700.00/5.00 714
(STG EQV) 448.27 446.12
ZINC 1284.5/85.0 1304.0/05.0 1245.0/50.0 1200.0/05.0 1285
ALU.HG 1639.5/40.0 1676.0/77.0 1653.0/58.0 1635.0/40.0 1640
NICKEL 8020/8025 8125/8130 8300/8320 8445/8465 8025
ALALLOY 1530.0/35.0 1555.0/56.0 1605.0/25.0 1535
SETTLEMENT RATES - GBP 1.5928 DEM 1.6882 JPY 123.55
LME copper absorbs China news, zinc breaks $1,300
LONDON, March 17 (Reuter) - LME copper resumed upside probes
in thin pre-market trading after digesting conflicting signals
from China about potential imports, dealers said.
Other metals challenged higher levels with zinc carving out
a fresh peak above $1,300 a tonne and lead rechallenging $700.
Three months copper initially dipped after rumours swirled
in Shanghai that traders had been told to suspend imports.
But the market -- which has been counting on China to wade
in to replenish its strategic stockpile -- seemed to shrug off
any bearish implications of the news.
"I wouldn't put too much in what they say. They'll be
talking their own book, so they may be trying to talk down the
price ahead of buying," one senior trader said.
Chinese officials dismissed the reports that authorities had
issued a directive suspending copper imports and ordering
traders not to sell their copper.
On the LME, prices recovered, popping up to $2,379, before
settling at an indication of $2,372/76, up from Friday's kerb
close of $2,356.
Copper could also benefit after rebels captured Zaire's
third largest city Kisangani over the weekend and said they were
heading towards the mining centre of Lubumbashi, broker GNI said
in a commentary.
"However, at worst, around 30,000 tonnes of copper
(annually) could be affected," GNI said.
Early business was thin and few fireworks were expected from
Third Wednesday pricing in ring trading, traders said.
Zinc burst through the $1,300 level, notching up a fresh
4-1/2 year high after a sizeable stocks fall on Friday.
The market touched $1,304, the highest since early October
1992, up $14 from Friday's kerb close.
Further resistance was pegged at $1,315 and $1,325,
chartists said.
Lead also pushed higher, largely due to option-related
buying from the Far East, one trader said.
Prices got a foothold above the $700 level for the first
time in about two weeks, with the last indication at $705/7, up
from $690 at Friday's kerb.
Aluminium followed the pack higher, but failed to make a
great deal of progress after Friday's lacklustre stocks decline.
The market was last indicated at $1,674/77 compared with
$1,668 on Friday.
Nickel added $60 to $8,175, breaking out of last week's
range and making moves back towards its recent peak of $8,325
achieved on March 4.
Tin was unchanged at $6,060 and alloy was up $10 at $1,560.
FRANCUSKA BURZA - 14. ožujka 1997.
BAKAR FFR/100 KG 1454
KOSITAR FFR/100 KG 4097
CINK EL. FFR/100 KG 804
ALUMINIJ FFR/100 KG 1200
SREB. C3E FFR/KG 926/1091
PLATINA FFR/KG 62300/92800
PALADIJ FFR/KG 25900/34300
IRIDIJ FFR/KG 29800/52300
KOBALT FFR/100 KG 36243
ŽIVA FFR/100 KG 5200
NJEMAČKA BURZA - 17. ožujka 1997. - u DEM po 100 kg
GERMAN ELEKTROLITIK 413.25/424.75
OLOVO U KABELIMA 99.94% 135.75/136.75
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