CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 25.06.1997. LME OFFICIAL PRICES - JUN 25 CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 2550.0/51.0 2431.0/32.0 2175.0/85.0 2090.0/00.0 2551 (STG EQV) 1530.48 1462.66 TIN 5530/5535 5575/5580 5710/5720 5535 LEAD 604.00/5.00 617.00/8.00 640.00/5.00 605 (STG EQV) 362.97 371.68 ZINC 1376.0/77.0 1393.0/94.0 1315.0/20.0 1255.0/60.0 1377 ALU.HG 1553.0/53.5 1575.0/75.5 1615.0/20.0 1630.0/35.0 1553.5 NICKEL 7005/7010 7133/7135 7405/7425 7630/7650 7010 ALALLOY 1433.0/34.0 1462.0/63.0 1505.0/25.0 1434 SETTLEMENT RATES - GBP 1.6668 DEM 1.7235 JPY 113.84 LME copper tumbles below $2,400 late morning LONDON, June 25 (Reuter) - London Metal Exchange (LME) copper prices tumbled below expected support at $2,400 a tonne in late morning trading. The move has left the market open to further losses towards $2,350 or lower, traders said after a volatile Wednesdayc kerb session, traders said. "The market had been under pressure all morning but the late selling looked to have come from nowhere...once $2,400 was lost all hell broke lose," one trader said. Three months delivery, under sell-stops, at one stage dived to $2,355, its lowest level in seven weeks, before nervous shorts believing the market had been taken down too far covered back to $2,373. This was still well down on Tuesday's LME kerb close of $2,437. Traders said a further small stocks rise this morning helped to dent a market that was already on the decline. They believed that the supply tightness that has gripped the market in the first half of 1997 is now relaxing in slow summer conditions. The cash to three months backwardation eased to around $115, versus Tuesday's high of $145. Earlier three months delivery copper reached a high of $2,440 on the back of investment fund demand and cash buying, though the market never looked like taking out resistance above $2,450. The other base metals moved lower with copper in a less dramatic fashion, apart from nickel which lost $115 to settle the morning at $7,055. Traders said the fall was largely due to a resumption of talks due on Wednesday between unions and managament at Canda's strikebound Inco, Sudbury facilities. Several suggested that an agreement would be reached after a long dispute. "Apart from copper, Inco was in the minds of traders," one nickel trader said. Aluminium eased to $1,568, down $9, but was finding support from another LME stocks fall. Traders are now looking for suport between $1,560 and $1,565 to offset a retracement to $1,550. Lead was quiet and last indicated at $618/19, against $619. Zinc eased by $5 to $1,392 under profit-taking, while tin settled at $5,570, down $10. Alloy was quoted around $1,465, a loss of $2. London Metal Exchange Warehouse Stocks - Jun 24 LONDON, Reuter - LME issued the following warehouse stock data. VOLUME IN TONNES COPPER 122250 UP 475 TIN 11595 DOWN 100 LEAD 115950 UP 300 ZINC 423750 DOWN 275 ALUMINIUM 683275 DOWN 2900 NICKEL 52572 UP 66 AL.ALLOY 59780 DOWN 100 STOCK IN OUT COPPER wire bars 75 0 0 COPPER cathodes 122175 1025 550 TIN 11595 0 100 LEAD 115950 475 175 ZINC 423750 475 750 NICKEL briquettes 7242 0 60 NICKEL cathodes 45294 330 204 NICKEL pellets 36 0 0 STOCK IN OUT ALUMINIUM ingots 297525 0 1900 ALUMINIUM T-bars 231225 0 850 ALUMINIUM sows 154525 0 150 AL.ALLOY D12S/JIS 400 0 0 AL.ALLOY 226/DIN 33000 0 40 AL.ALLOY A380.1 26380 0 60 251559 MET jun 97