CIJENE OBOJENIH METALA NA BURZI U LONDONU

LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 30.10.1996. LME OFFICIAL PRICES - OCT 30 CASH 3 MTHS 15 MTHS 27 MTHS SETT COPPER 1941.0/42.0 1908.0/09.0 1820.0/30.0 1800.0/10.0 1942 (STG EQV) 1190.32 1172.09 TIN 5873/5874 5935/5940 6095/6105 5874 LEAD 727.00/7.50 734.00/5.00 720.00/5.00 727.5 (STG EQV) 445.91 451.27 ZINC 1020.0/21.0 1044.0/45.0 1098.0/03.0 1120.0/25.0 1021 ALU.HG 1387.0/87.5 1414.5/15.0 1513.0/18.0 1588.0/93.0 1387.5 NICKEL 7162/7163 7280/7285 7600/7620 7720/7740 7163 ALALLOY 1255.0/60.0 1285.0/86.0 1380.0/00.0 1260 SETTLEMENT RATES - GBP 1.6315 DEM 1.5087 JPY 114.43 Copper erratic on LME, makes stand at $1,900 LONDON, Oct 30 (Reuter) - Further volatility was seen in LME copper trading on Wednesday, with the market veering dangerously close to another downside break before the key $1,900 level was defended, traders said. Price movements were not so extreme as on Tuesday, although conditions were active and there were also sizeable fluctuations in the spreads for the market to contend with. By the end of kerb prices were back in the plus column, but the market remains highly uncertain after a fresh wave of speculative sales. "The $1,900 level survived, and that stimulated some three months buying and borrowing of the spreads," one said. Traders said the surprise rise in UK interest rates from 5.75 percent to 6.00 percent was not a factor, as the metal market would be driven by wider monetary trends. "You're really looking for US, German and Japan rate changes for any real influence on this market," one said. However, copper's price action remains perplexing, given the speed of the decline from above $2,000 on Tuesday, even though LME inventories fell sharply. Option-related sales and some Chinese selling exerted some pressure on the market this morning, which reached a nadir of $1,900 before the spread widened out. "There are all types of scenarios here. Sumitomo positions, stock massaging, option positioning. But it is very difficult to see the wood from the trees. The best policy is to stay square," another trader said. By the end of the kerb three months prices were back at $1,933, against Tuesday's close of $1,925, having been as high as $1,943 on the pre-market. Cash/threes was at a $34 backwardation after easing in to $16 at one stage. Other metals largely took a back seat this morning, although aluminium was supported near $1,400 by European trade buying. Last trade was at $1,418, up $10. Lead and zinc were both stable, ending the kerb at $738 and $1,045.50, respective gains of $1 and $3.50. The latter market continues to be underpinned by the perception that a big loss-making long position originally held by Spanish producer Asturiana de Zinc has been liquidated or transferred. Tin edged up, aided by recent European forward end-user interest, and was $5 higher at $5,935. Nickel dipped under $7,300 at one stage but concluded the kerb at $7,310, down $30. Alloy was quoted at a slightly steadier $1,285/90. FRANCUSKA BURZA KOVINA - 29. listopada 1996. BAKAR FFR/100 KG 1070 KOSITAR FFR/100 KG 3544 CINK EL. FFR/100 KG 600 ALUMINIJ FFR/100 KG 1010 SREB. C3E FFR/KG 763/891 PLATINA FFR/KG 54100/89800 PALADIJ FFR/KG 17200/25600 IRIDIJ FFR/KG 4100/25600 KOBALT FFR/100 KG 32441 ŽIVA FFR/100 KG 5200 NJEMAČKA BURZA KOVINA - 29. listopada 1996. - u DEM po 100 kg BAKAR ELEKTROLITIK 304.42/314.26 OLOVO U KABELIMA 99.94% 125.75/126.75 301642 MET oct 96