CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 22.10.1996. LME OFFICIAL PRICES - OCT 22 CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 1982.0/83.0 1948.0/49.0 1880.0/90.0 1880.0/90.0 1983 (STG EQV) 1242.64 1222.76 TIN 5905/5910 5960/5961 6090/6100 5910 LEAD 711.50/2.00 723.00/4.00 715.00/0.00 712 (STG EQV) 446.17 454.22 ZINC 997.0/97.5 1023.5/24.5 1088.0/93.0 1115.0/20.0 997.5 ALU.HG 1322.0/23.0 1354.0/55.0 1465.0/70.0 1545.0/50.0 1323 NICKEL 6940/6950 7060/7065 7375/7395 7495/7515 6950 ALALLOY 1210.0/15.0 1235.0/40.0 1345.0/65.0 1215 SETTLEMENT RATES - GBP 1.5958 DEM 1.5347 JPY 112.87 LME copper baulks at resistance by midday LONDON, October 22 (Reuter) - Copper prices remained the main focus of attention by the LME's midsession close on Tuesday as a sizeable inventory fall failed to lift prices above recent stiff resistance at $1,970, traders said. The copper market largely ignored news that Tokyo prosecutors had arrested Sumitomo's former star copper trader Yasuo Hamanaka on forgery charges. "It's came of no surprise that the Sumitomo saga has moved on, though the arrest has had no market impact," one trader said. Benchmark three-month delivery was last at $1,954, against Monday's LME kerb close of $1,951. LME copper stocks fell by a sizeable 13,075 tonnes on Tuesday after a long string of declines. Traders' opinions remain divided on why copper refuses to break higher on such substantial inventory falls. Several suggested the metal is not going to end-users and will soon reappear in LME warehouses, while others believed the recent lack of upside progress could be linked to producer selling capping the market. But most players agree stocks are set to continue to decline in the near term, a condition that is likely to see tight nearby spreads. Copper's slip from Tuesday's high of $1,962 was largely due to an easing in the cash to three months backwardation to around $35 from a high of $40 on Monday. The easing in the market may also be linked to a tentative agreement between Kennecott Utah Copper and its unions. Cash liquidation also helped to pressure the market. On the charts a break above a recent high of $1,978 could spark a chase towards $2,000. Robust downside support was seen towards $1,900. Other metals remained quiet and as expected aluminium again failed to move towards resistance at $1,360 despite a stocks fall of 2,875 tonnes. Traders said the market's upside reluctance mainly reflected it moving into a period of consolidation after a recent break higher. "At the moment it is finding little fresh buying but overall the uptrend remains intact," a trader said. Aluminium is expected to hold between $1,340 and $1,360 near term. Last business was at $1,357, against $1,352. Lead traded narrowly and was last at $724, a loss of $1, while zinc settled at $1,025, up $1. Nickel ended the morning $20 higher at $7,090. Tin was last at $5,970/75, against $5,980. Alloy was indicated at $1,235/40, little moved. FRANCUSKA BURZA KOVINA - 22. listopada 1996. BAKAR FFR/100 KG 1087 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 - 22. listopada 1996. - u DEM po 100 kg BAKAR ELEKTROLITIK 309.70/319.70 OLOVO U KABELIMA 99.94% 124.50/125.50 221555 MET oct 96