LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 07.10.1996.
LME OFFICIAL PRICES - OCT 07
CASH 3 MTHS 15 MTHS 27 MTHS SETT
COPPER 1931.5/32.5 1922.0/23.0 1885.0/95.0 1915.0/25.0 1932.5
(STG EQV) 1235.85 1230.92
TIN 5990/5995 6060/6061 6165/6175 5995
LEAD 773.50/4.00 771.50/2.00 757.00/2.00 774
(STG EQV) 494.98 494.16
ZINC 1000.0/00.5 1026.0/26.5 1095.0/00.0 1123.0/28.0 1000.5
ALU.HG 1319.0/20.0 1352.0/53.0 1475.0/80.0 1555.0/60.0 1320
NICKEL 6980/6985 7090/7092 7400/7420 7520/7540 6985
ALALLOY 1184.0/85.0 1208.0/10.0 1330.0/50.0 1185
SETTLEMENT RATES - GBP 1.5637 DEM 1.5305 JPY 111.4
Aluminium crumbles on LME kerb, others shaky
LONDON, Oct 7 (Reuter) - LME aluminium carved out fresh
losses on Monday morning, resuming its major downtrend and
weakening the other metals.
Most of the industrial metals started in positive territory
after most made gains on Friday. But aluminium stalled after
hitting $1,365, prompting long liquidation, traders said.
"There were some stale longs from last week and when they
started selling it just went," one floor trader said.
Stops were hit when prices slumped below last week's low of
$1,340, sending prices to a fresh 2-1/4 year low of $1,335.
It found support, however, bouncing to end the morning kerb
at $1,342, down $15 from Friday's afternoon kerb.
"It's got to bottom out at some point. But who knows where
that will be, $1,250?" another floor trader said.
Initial support should be found around $1,330, based on the
lows of early June 1994. But the market is still oversold so the
downside should be limited in the short-term, chartists said.
Resistance was pegged at $1,387, then the psychological $1,400
barrier.
Copper ended the morning with pared gains after breezing up
to $1,929 per tonne. It also was unable to sustain the higher
levels, finishing the morning kerb at $1,915, up $4 from Friday.
"There are a few stops above $1,930/35, but it will struggle
to get above there," one floor trader said.
Warrant sales were still strong and stocks were expected to
fall again on Tuesday after declining by 9,925 tonnes on Friday.
The tightness was showing up in the spreads, as the premium
of cash over three months metal firmed to $10/$11, but ended the
kerb little changed at $4/$9.
Nickel at first nudged higher levels, topping at $7,185, but
last business on the kerb was at $7,040, a $30 loss. It traded
down to a low of $7,110, which is pegged as support.
Tin shed $45 to close at $$6,050 and lead ended little
changed at $770/71 after Friday's $771.
"The March secondary uptrend cuts today at $776 and is
important resistance. It is also the possible neckline for the
suggested head and shoulders," said chartist Harry Creates of
broker AMT.
Zinc gained $1 to $1,024 after failing at its top price of
$1,029.
Alloy was little changed at $1,205/15 versus $1,210/15.
FRANCUSKA BURZA KOVINA - 07. listopada 1996.
BAKAR FFR/100 KG 1059
KOSITAR FFR/100 KG 3669
CINK EL. FFR/100 KG 572
ALUMINIJ FFR/100 KG 1065
SREB. C3E FFR/KG 769/897
PLATINA FFR/KG 54100/89800
PALADIJ FFR/KG 17200/25600
IRIDIJ FFR/KG 4100/25600
KOBALT FFR/100 KG 32502
ŽIVA FFR/100 KG 5200
NJEMAČKA BURZA KOVINA - 07. listopada 1996. - u DEM po 100 kg
BAKAR ELEKTROLITIK 301.31/311.29
OLOVO U KABELIMA 99.94% 134.00/135.00
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