CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 26.06.1997. LME OFFICIAL PRICES - JUN 26 CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 2548.0/49.0 2416.0/17.0 2160.0/70.0 2060.0/70.0 2549 (STG EQV) 1529.64 1454.04 TIN 5520/5530 5580/5590 5715/5725 5530 LEAD 605.50/6.50 618.00/9.00 642.00/7.00 606.5 (STG EQV) 363.96 372.38 ZINC 1400.0/01.0 1413.0/14.0 1322.0/27.0 1262.0/67.0 1401 ALU.HG 1556.5/57.0 1577.5/78.5 1620.0/25.0 1638.0/43.0 1557 NICKEL 6965/6970 7075/7080 7350/7370 7575/7595 6970 ALALLOY 1439.0/41.0 1462.0/64.0 1505.0/25.0 1441 SETTLEMENT RATES - GBP 1.6664 DEM 1.7286 JPY 113.66 Copper bobbing along above $2,400 on LME LONDON, June 26 (Reuter) - Copper prices settled back from expected resistance around $2,415 during late Thursday LME ring and kerb trading, although the market remained substantially higher on the day. Other metals similarly came back from their highs as the morning progressed but the focus of attention remained the volatile, unpredictable copper market, traders said. "There has been a bit of a reaction from the sell-off (earlier this week) but people still want to sell it basically, and those levels that used to be support are where the selling is likely to be," one said. Technical factors, plus an absence of the heavy fund selling seen on Wednesday, allowed prices to continue pushing up from the seven-week low of $2,355 hit yesterday. But gains were tempered by the perception that stocks were likely to keep on rising. LME inventories rose by 1,625 tonnes, and have risen every day this week. "Partly that is because of the backwardation, but it is also summer, and most people should have their third quarter metal now," another trader said. Above $2,415, the next resistance level will be at $2,440. On the downside a break under $2,355 will bring levels near $2,250 into play, chartists said. Last kerb trade was at $2,409 a tonne, a $36 gain from the previous kerb close. The cash/threes backwardation was around $130, with the July/August hot-spot at $89/90. Aluminium was steadier, following through from Wednesday afternoon's rally, but faltered at $1,580 where speculative selling emerged. Further resistance is expected at $1,600. Prices ended the morning at $1,576, up $7 from yesterday. Zinc briefly notched up a new near-seven year high of $1,417, building on the strong rally from yesterday that carried the market back above $1,400. Traders said the sell-off on Wednesday had shaken out some of the weaker longs, and with zinc enjoying solid fundamentals the market should see further advances and only modest retracements. Last business was at $1,412, up $16. Nickel eased at one stage, although merchant buying prevented a run-off under $7,000. Traders said the market is waiting for further news from Inco, where the most recent development was the resumption of talks at Sudbury and management optimism that there could be a settlement by the weekend. Three months concluded the morning at $7,060, up $10. Other metals were subdued throughout the session. Lead closed just $1 higher at $619 after minimal trading. Tin drifted back from an early foray above $5,600, but still ended $25 higher at $5,590. Alloy was stable at $1,462/64 a tonne. London Metal Exchange Warehouse Stocks - Jun 25 LONDON, Reuter - LME issued the following warehouse stock data. VOLUME IN TONNES COPPER 123125 UP 875 TIN 11520 DOWN 75 LEAD 115825 DOWN 125 ZINC 423650 DOWN 100 ALUMINIUM 680225 DOWN 3050 NICKEL 52728 UP 156 AL.ALLOY 59980 UP 200 STOCK IN OUT COPPER wire bars 75 0 0 COPPER cathodes 123050 1725 850 TIN 11520 0 75 LEAD 115825 0 125 ZINC 423650 250 350 NICKEL briquettes 7146 0 96 NICKEL cathodes 45546 330 78 NICKEL pellets 36 0 0 STOCK IN OUT ALUMINIUM ingots 295550 175 2150 ALUMINIUM T-bars 230350 175 1050 ALUMINIUM sows 154325 0 200 AL.ALLOY D12S/JIS 400 0 0 AL.ALLOY 226/DIN 33360 480 120 AL.ALLOY A380.1 26220 0 160 261523 MET jun 97