LONDONSKA BURZA KOVINA: SLUŽBENE CIJENE 07.11.1996.
LME OFFICIAL PRICES - NOV 07
CASH 3 MTHS 15 MTHS 27 MTHS SETT
COPPER 2059.0/60.0 2006.0/07.0 1900.0/10.0 1900.0/10.0 2060
(STG EQV) 1254.57 1224.74
TIN 5900/5905 5962/5963 6100/6110 5905
LEAD 744.50/5.50 746.00/6.50 725.00/0.00 745.5
(STG EQV) 454.02 455.54
ZINC 1044.0/45.0 1064.0/65.0 1103.0/08.0 1115.0/20.0 1045
ALU.HG 1439.5/40.0 1457.0/58.0 1540.0/45.0 1583.0/88.0 1440
NICKEL 7080/7085 7190/7195 7510/7530 7630/7650 7085
ALALLOY 1271.0/72.0 1304.0/05.0 1410.0/30.0 1272
SETTLEMENT RATES - GBP 1.642 DEM 1.507 JPY 111.79
LME copper, aluminium march higher by midday
LONDON, Nov 7 (Reuter) - LME copper scorched above the
psychological $2,000 per tonne level and aluminium touched
two-month highs on Thursday morning, heating up most of the
other metals, traders said.
But by the midday close, three months copper had eased off
its highs on light profit-taking and other selling.
Three months metal peaked at $2,008, fuelled by investment
bank buying and short covering as stops were hit at
$1,995/$2,000 on the pre-market. But the market struggled to
maintain its its foothold above $2,000 during the rings.
Last business was at $2,000, up $29 from Wednesday.
"I think we can see it higher, maybe up to $2,030/40, but
the brokers will want to sell it now that it's above $2,000,"
one floor trader said.
The declaration by most holders of $2,000 strike November
calls on Wednesday added to the strength, another trader said.
"They wanted to see it higher," he said.
The cash/threes backwardation widened further to around $55
from $45 on Wednesday. The premium of December to threes traded
as high as $40.
Floor traders are expecting another stocks draw on Friday,
with several pegging it at 5-7,000 tonnes after 2,525 tonnes on
Tuesday. One trader saw it lower, at 1-2,000 tonnes.
Material was expected to move out from Hamburg and Long
Beach, they added.
Aluminium also pushed higher, helped by speculative interest
and tighter spreads.
Three months pushed to a two-month high of $1,459, as
traders focused on growing tightness in January dates.
The peak was the strongest level since the market touched
$1,464 on September 11. Last business was at the $1,459 peak, a
rise of $25.
The main feature was narrower spreads, with the cash/threes
contango moving in further to $16 from $20/$21 on Wednesday and
a normal level of $34 last week. The premium to borrow the
January date for a day rose to $8 from $6.
The market is short January and although LME stocks are
generally plentiful the material for those dates is in strong
hands, traders said.
Some traders and analysts said aluminium would need to
consolidate its gains before attempting to attack $1,480 and
$1,500.
The other metals moved higher with copper and aluminium.
Nickel tested the $7,200 level, touching $7,215 but
finishing the morning only $55 higher at $7,195.
Prices need to break above the 10-day moving average at
$7,252 and then $7,270 to make much progress, chartists said.
Zinc edged higher to $1,064, up $1.50, remaining in a tight
range.
A close above $1,072, the short-term uptrend channel, would
boost the market, chartist Harry Creates of broker AMT said.
Lead added $3 to $746 and tin rose $25 to $5,950.
Alloy finished the morning at $1,302, up from $1,295/97.
FRANCUSKA BURZA KOVINA - 07. studenoga 1996.
BAKAR FFR/100 KG 1108
KOSITAR FFR/100 KG 3564
CINK EL. FFR/100 KG 600
ALUMINIJ FFR/100 KG 1010
SREB. C3E FFR/KG 739/862
PLATINA FFR/KG 54100/89800
PALADIJ FFR/KG 17200/25600
IRIDIJ FFR/KG 4100/26600
KOBALT FFR/100 KG 32136
ŽIVA FFR/100 KG 5200
NJEMAČKA BURZA KOVINA - 06. studenoga 1996. - u DEM po 100 kg
BAKAR ELEKTROLITIK 310.98/320.88
OLOVO U KABELIMA 99.94% 127.75/128.75
071551 MET nov 96
(Hina) em gk