CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 21.10.1996. LME OFFICIAL PRICES - OCT 21 CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 1975.0/76.0 1943.0/45.0 1880.0/90.0 1885.0/95.0 1976 (STG EQV) 1239.88 1221.9 TIN 5898/5899 5960/5961 6090/6100 5899 LEAD 707.00/8.00 718.00/9.00 710.00/5.00 708 (STG EQV) 444.25 451.7 ZINC 993.0/94.0 1019.0/19.5 1082.0/87.0 1110.0/15.0 994 ALU.HG 1322.0/22.5 1353.0/53.5 1462.0/67.0 1542.0/47.0 1322.5 NICKEL 6940/6950 7046/7048 7355/7375 7475/7495 6950 ALALLOY 1195.0/00.0 1221.0/22.0 1330.0/50.0 1200 SETTLEMENT RATES - GBP 1.5937 DEM 1.5395 JPY 112.93 LME copper stuck in range, others slightly softer LONDON, Oct 21 (Reuter) - Copper followed a well-worn routine on Monday morning, chugging higher but losing confidence ahead of the formidible $1,970 per tonne barrier. Prices have largely held to a $1,900-$1,970 range since October 4, retreating under selling pressure each time prices try to chip away at $1,950 and $1,970 resistance. On Monday, three months touched $1,965 on the pre-market, but slid back before the first ring opened for business, ending the kerb at $1,942 per tonne, up $2 from Friday. Many traders are puzzled at the lack of strength since LME inventories have lost over 100,000 tonnes since the end of August and more than 30,000 tonnes alone last week. There is wide agreement that much of the stocks are finding their way to China, but opinion varies as to whether they are being used for consumption or sitting in warehouses, ready to be unloaded back on the market. A tightness in scrap supplies may account for some of the Chinese imports, broker MacQuarie Equities said in a commentary on Monday. "Although there has been some talk of market manipulation, it appears more likely that the Chinese are having to import to satisfy consumption needs -- particularly given the sharp fall in imports of copper scrap this year due to tight government environmental restrictions," it said. Chinese imports of copper in scrap fell to just 86,000 tonnes in the first half of 1996, compared with 175,000 tonnes in the same period of 1995, MacQuarie added. Some traders believe a portion of LME stocks may be heading across the Atlantic and may soon show up in Comex warehouses. On the LME, tightness is showing up in the premium of cash metal over three months material, which has widened to about $35 from less than $10 a week ago. The other metals largely reflected copper's failure at the upside and drifted lower within recent ranges. Lead retested Friday's 8-1/2 month low of $715 with last business on the morning kerb at $716, down $3 from Friday. Technical analyst Elli Gifford of Investment Research of Cambridge advised shorts to take some profits since a target of $720 had been met. "There is, however, no sign of the selling pressure relenting yet so the $700 lower target could yet be seen," she added in a report. Aluminium headed down after interrupting a series of gains on Friday, slipping $6.50 to finish the morning kerb at $1,353. Tin closed the morning at $5,960, down $15 and nickel shed $5 to $7,050. Zinc was last quoted at $1,019/$1,019.50, little changed from Friday, while alloy was quoted at $1,220/$1,225. FRANCUSKA BURZA KOVINA - 21. listopada 1996. BAKAR FFR/100 KG 1086 KOSITAR FFR/100 KG 3633 CINK EL. FFR/100 KG 600 ALUMINIJ FFR/100 KG 1010 SREB. C3E FFR/KG 778/908 PLATINA FFR/KG 54100/89800 PALADIJ FFR/KG 17200/25600 IRIDIJ FFR/KG 4100/25600 KOBALT FFR/100 KG 32696 ŽIVA FFR/100 KG 5200 NJEMAČKA BURZA KOVINA - 21. listopada 1996. - u DEM po 100 kg BAKAR ELEKTROLITIK 309.63/319.66 OLOVO U KABELIMA 99.94% 124.25/125.25 211536 MET oct 96