LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 16.07.1997.
LME OFFICIAL PRICES - JUL 16
CASH 3 MTHS 15 MTHS 27 MTHS SETT
COPPER 2454.0/55.0 2263.0/64.0 2115.0/25.0 2055.0/65.0 2455
(STG EQV) 1465.67 1355.74
TIN 5404/5405 5455/5460 5635/5645 5405
LEAD 616.00/7.00 631.50/2.00 638.00/3.00 617
(STG EQV) 368.36 378.46
ZINC 1481.0/82.0 1490.0/91.0 1318.0/23.0 1243.0/48.0 1482
ALU.HG 1532.0/33.0 1560.0/60.5 1600.0/05.0 1610.0/15.0 1533
NICKEL 6705/6710 6810/6815 7105/7125 7345/7365 6710
ALALLOY 1397.0/00.0 1425.0/30.0 1485.0/05.0 1400
SETTLEMENT RATES - GBP 1.675 DEM 1.7915 JPY 115.75
Copper takes a breather during LME midday
LONDON, July 16 (Reuter) - Copper prices stabilised above
the $2,250 support level on Wednesday despite being rocked by
uncertainty over nearby tightness, a wide backwardation and a
surprisingly big stock increase.
Most other base metals followed suit to take a breather in
the latter part of the midday session except for nickel, which
hit a fresh six-month low amid fund liquidation and ended the
kerb $125 lower.
Three months copper meanwhile finished at $2,260 per tonne,
a decline of $18 from Tuesday's kerb close. But the price well
off the day's low of $2,247 and traders said it may have found a
foothold for now.
Cash to three months backwardation, which had flared
dramatically to a peak $270 on Tuesday, also contracted
throughout the morning to end the midday session around
$180/$190, from $200 in the pre-market.
Nearby spreads remained tight, with tomorrow/next day
peaking at $24 -- just below the London Metal Exchange (LME)
limit of $26, or one percent of the previous day's cash
settlement price -- and cash/day trading at $19.
Traders said the morning's LME stock rise of 17,025 tonnes
was mainly behind the contracting cash/threes. Market tightness
had been expected over the next couple of weeks.
"It's going to take the pressure off the market somewhat for
the next few days," a trader said.
But traders said they were suspicious of the volume of the
inventory rise, and several suggested it may have been
orchestrated by one or more players to get the price lower.
"A game is being played. But they're always being played," a
trader said.
"People were expecting stocks to go up, but not that much in
one day. This was done to push the price down," said another,
adding that actual volumes were relatively light.
Other markets were mixed.
Aluminium generally followed copper to end $3 softer at
$1,560. It was expected to hold above support in the
$1,540-$1,550 band.
Zinc shrugged off copper's weakness, bouncing off a dip to
$1,481 to end unchanged at $1,491.
"Zinc is really the only metal that hasn't been traumatised
by copper," a trader noted.
But nickel came under fund liquidation and broke below the
$6,800 level, beneath which it triggered sell stops and fell
lower, traders said.
Prices slid below recent lows and posted a fresh nadir since
January 10 of $6,720. It bounced slighlty from there but still
finished $125 lower at $6,750.
Tin, also a recent casualty of fund selling, was at $5,430,
down $85.
Weaker lead was last quoted at $634/635 versus $638 on
Tuesday and alloy was also quiet and little changed.
_________________________________________________________________
STANJE LME ZALIHA NA DAN - 16.07.1997. - po pojedinim skladištima
_________________________________________________________________
++ COPPER WIRE BARS + ANTWERP 50 HAMBURG 25
++ COPPER CATHODES + ANTWERP 775 DUNKIRK 200 BREMEN 850
HAMBURG 5250 ROTTERDAM 6750 LEGHORN 1025
TRIESTE 7925 BARCELONA 175 BILBAO 12200
GOTHENBURG 12975 HELSINBORG 6400 LIVERPOOL 850
CHICAGO 150 LONG BEACH 60200 LOS ANGELE 9000
ST LOUIS 3075 SINGAPORE 32450
++ TIN ++
ANTWERP 10 HAMBURG 125 ROTTERDAM 6285
GENOA 260 BILBAO 40 HULL 265
LIVERPOOL 4535 BALTIMORE 190 LONG BEACH 5
LOS ANGELE 135 NEW HAVEN 30
++ LEAD +
HAMBURG 300 ROTTERDAM 1975 GENOA 7075
BARCELONA 100 GOTHENBURG 12125 HELSINBORG 80550
GOOLE 1525 HULL 750 LIVERPOOL 2075
SUNDERLAND 75 DETROIT 750 LONG BEACH 3675
SINGAPORE 6325
++ ZINC +
ANTWERP 20425 BREMEN 500 HAMBURG 350
ROTTERDAM 100950 PIRAEUS 275 GENOA 17775
TRIESTE 117525 BARCELONA 13050 BILBAO 13175
GOTHENBURG 10375 HELSINBORG 62800 LIVERPOOL 12500
CHICAGO 200 ST LOUIS 12475 SINGAPORE 36875
++ NICKEL +
ANTWERP 1308 ROTTERDAM 38016 GENOA 288
TRIESTE 48 GOTHENBURG 12576 LIVERPOOL 72
NEW HAVEN 120 SINGAPORE 1362
++ ALUMINIUM ++
ANTWERP 425 ROTTERDAM 26400 TRIESTE 375
BILBAO 125 GOTHENBURG 41550 HELSINBORG 119825
AVONMOUTH 27475 HULL 120400 LIVERPOOL 176050
NEWCASTLE 94375 SUNDERLAND 45425 DETROIT 50
HAKATA 50 MOJI 50 SINGAPORE 6375
++ ALUMINIUM ALLOY ++
ANTWERP 4340 DUNKIRK 320 DUISBERG 520
HAMBURG 180 ROTTERDAM 1380 BRESCIA 1080
GENOA 6300 TRIESTE 3180 BARCELONA 80
BILBAO 1480 GOTHENBURG 220 HULL 560
LIVERPOOL 22940 CHICAGO 2920 DETROIT 820
LONG BEACH 9260 ST LOUIS 1600 SINGAPORE 60
_________________________________________________________________
STANJE LME ZALIHA NA DAN 16. srpnja 1997.
količine su u tonama
_________________________________________________________________
COPPER 160325 UP 17025
TIN 11880 DOWN 35
LEAD 117300 UNCH NGED
ZINC 419250 DOWN 500
ALUMINIUM 658950 DOWN 1100
NICKEL 53790 UP 756
AL.ALLOY 57240 DOWN 280
STOCK IN OUT
COPPER wire bars 75 0 0
COPPER cathodes 160250 17125 100
TIN 11880 65 100
LEAD 117300 50 50
ZINC 419250 450 950
NICKEL briquettes 6060 0 144
NICKEL cathodes 47694 1026 126
NICKEL pellets 36 0 0
STOCK IN OUT
ALUMINIUM ingots 284125 0 1000
ALUMINIUM T-bars 224375 500 375
ALUMINIUM sows 150450 0 225
AL.ALLOY D12S/JIS 400 0 0
AL.ALLOY 226/DIN 31400 0 200
AL.ALLOY A380.1 25440 0 80
LME - warehouse stock movements
LONDON, Jul 16 - Latest LME warehouse stock changes are:
copper up 17025, tin down 35, lead unchanged, zinc down 500,
aluminium down 1100, nickel up 756, aluminium alloy down 280
FRANCUSKA BURZA - 15. srpnja 1997.
BAKAR FFR/100 KG 1639
KOSITAR FFR/100 KG 3942
CINK EL. FFR/100 KG 950
ALUMINIJ FFR/100 KG 1260
SREB. C3E FFR/KG 793/934
PLATINA FFR/KG 74000/104900
PALADIJ FFR/KG 32000/42200
IRIDIJ FFR/KG 26600/49100
KOBALT FFR/100 KG 37222
ŽIVA FFR/100 KG 5200
161545 MET jul 97
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